Hendley & Co. Inc. Sells 158 Shares of AutoZone, Inc. $AZO

Hendley & Co. Inc. lowered its position in AutoZone, Inc. (NYSE:AZO) by 13.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 993 shares of the company’s stock after selling 158 shares during the period. AutoZone comprises about 1.2% of Hendley & Co. Inc.’s investment portfolio, making the stock its 28th biggest holding. Hendley & Co. Inc.’s holdings in AutoZone were worth $3,368,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of AutoZone by 1.5% in the third quarter. Vanguard Group Inc. now owns 1,797,548 shares of the company’s stock worth $7,711,912,000 after acquiring an additional 26,544 shares during the period. PineStone Asset Management Inc. grew its holdings in shares of AutoZone by 1.5% in the fourth quarter. PineStone Asset Management Inc. now owns 269,173 shares of the company’s stock worth $912,900,000 after acquiring an additional 3,868 shares during the period. Northern Trust Corp grew its holdings in shares of AutoZone by 1.2% in the third quarter. Northern Trust Corp now owns 189,789 shares of the company’s stock worth $814,240,000 after acquiring an additional 2,333 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of AutoZone by 39.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 176,986 shares of the company’s stock worth $584,730,000 after acquiring an additional 50,071 shares during the period. Finally, Marshfield Associates grew its holdings in shares of AutoZone by 3.2% in the third quarter. Marshfield Associates now owns 172,332 shares of the company’s stock worth $739,347,000 after acquiring an additional 5,293 shares during the period. Institutional investors own 92.74% of the company’s stock.

Insider Activity at AutoZone

In other news, Director Earl G. Graves, Jr. sold 50 shares of the business’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $3,478.72, for a total value of $173,936.00. Following the transaction, the director directly owned 4,837 shares in the company, valued at $16,826,568.64. The trade was a 1.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on the company. Evercore lifted their price objective on AutoZone from $4,100.00 to $4,125.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. BMO Capital Markets cut their price objective on AutoZone from $4,400.00 to $4,300.00 and set an “outperform” rating for the company in a report on Wednesday, March 4th. Argus raised AutoZone from a “hold” rating to a “buy” rating and set a $4,325.00 price target for the company in a report on Monday, March 9th. Robert W. Baird lowered AutoZone from an “outperform” rating to a “neutral” rating and set a $3,900.00 price target for the company. in a report on Monday, February 9th. Finally, JPMorgan Chase & Co. boosted their price target on AutoZone from $4,100.00 to $4,300.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $4,312.13.

AutoZone Stock Down 1.8%

Shares of AutoZone stock opened at $3,318.09 on Friday. The stock’s 50-day simple moving average is $3,492.44 and its 200-day simple moving average is $3,597.74. AutoZone, Inc. has a 52 week low of $3,210.72 and a 52 week high of $4,388.11. The company has a market capitalization of $54.68 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 1.70 and a beta of 0.43.

AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported $27.63 EPS for the quarter, beating the consensus estimate of $27.59 by $0.04. AutoZone had a negative return on equity of 72.31% and a net margin of 12.47%.The business had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same period in the previous year, the business earned $28.29 earnings per share. The business’s revenue was up 8.2% on a year-over-year basis. On average, equities analysts expect that AutoZone, Inc. will post 148.93 earnings per share for the current year.

AutoZone Profile

AutoZone, Inc (NYSE: AZO) is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.

AutoZone serves both do‑it‑yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.