AutoZone, Inc. (NYSE:AZO) Shares Purchased by Advisor OS LLC

Advisor OS LLC increased its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 2.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121 shares of the company’s stock after purchasing an additional 3 shares during the period. Advisor OS LLC’s holdings in AutoZone were worth $461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of AutoZone by 435,031.1% during the 1st quarter. GAMMA Investing LLC now owns 770,182 shares of the company’s stock valued at $2,936,535,000 after purchasing an additional 770,005 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of AutoZone by 5.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 324,616 shares of the company’s stock worth $1,039,421,000 after acquiring an additional 17,518 shares during the period. Norges Bank purchased a new stake in shares of AutoZone during the 4th quarter worth about $834,556,000. Deutsche Bank AG boosted its stake in shares of AutoZone by 14.6% during the 4th quarter. Deutsche Bank AG now owns 204,822 shares of the company’s stock worth $655,840,000 after acquiring an additional 26,036 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of AutoZone by 22.0% during the 4th quarter. Northern Trust Corp now owns 204,748 shares of the company’s stock valued at $655,603,000 after acquiring an additional 36,916 shares during the period. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded AutoZone from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. UBS Group increased their target price on AutoZone from $4,025.00 to $4,260.00 and gave the company a “buy” rating in a research report on Friday, May 23rd. JPMorgan Chase & Co. boosted their price target on shares of AutoZone from $3,830.00 to $4,350.00 and gave the stock an “overweight” rating in a report on Friday, May 23rd. Mizuho upped their price objective on shares of AutoZone from $3,740.00 to $4,050.00 and gave the stock an “outperform” rating in a research report on Thursday, July 3rd. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $4,100.00 target price (up previously from $3,850.00) on shares of AutoZone in a research report on Wednesday, May 28th. Two research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $4,087.00.

Insider Buying and Selling at AutoZone

In other AutoZone news, VP Richard Craig Smith sold 3,000 shares of the company’s stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $3,875.90, for a total transaction of $11,627,700.00. Following the sale, the vice president owned 2,925 shares in the company, valued at $11,337,007.50. This represents a 50.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jamere Jackson sold 2,612 shares of AutoZone stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $3,728.05, for a total value of $9,737,666.60. Following the completion of the transaction, the chief financial officer owned 427 shares of the company’s stock, valued at $1,591,877.35. The trade was a 85.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,862 shares of company stock valued at $126,058,789 in the last quarter. Corporate insiders own 2.10% of the company’s stock.

AutoZone Stock Down 0.6%

NYSE:AZO opened at $3,819.20 on Friday. AutoZone, Inc. has a 52 week low of $2,898.57 and a 52 week high of $3,916.81. The stock’s fifty day moving average is $3,711.34 and its two-hundred day moving average is $3,595.67. The stock has a market capitalization of $64.09 billion, a price-to-earnings ratio of 25.85, a price-to-earnings-growth ratio of 2.29 and a beta of 0.39.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, May 27th. The company reported $35.36 EPS for the quarter, missing analysts’ consensus estimates of $37.07 by ($1.71). The firm had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.41 billion. AutoZone had a net margin of 13.56% and a negative return on equity of 56.07%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business earned $36.69 earnings per share. On average, sell-side analysts expect that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

AutoZone Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.