AutoZone, Inc. (NYSE:AZO) Shares Sold by Lido Advisors LLC

Lido Advisors LLC lessened its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 416 shares of the company’s stock after selling 3 shares during the period. Lido Advisors LLC’s holdings in AutoZone were worth $1,331,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in shares of AutoZone in the fourth quarter valued at approximately $29,000. Flagship Wealth Advisors LLC acquired a new stake in shares of AutoZone in the 4th quarter worth $32,000. Harbour Investments Inc. raised its holdings in shares of AutoZone by 42.9% during the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock worth $32,000 after acquiring an additional 3 shares during the period. Crews Bank & Trust acquired a new position in shares of AutoZone during the 4th quarter valued at about $61,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of AutoZone in the fourth quarter valued at about $67,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

Insider Buying and Selling

In related news, VP Domingo Hurtado sold 4,800 shares of the business’s stock in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of $3,660.00, for a total transaction of $17,568,000.00. Following the completion of the sale, the vice president now owns 159 shares in the company, valued at $581,940. The trade was a 96.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Bailey L. Childress sold 160 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $3,550.00, for a total value of $568,000.00. Following the completion of the transaction, the senior vice president now directly owns 50 shares of the company’s stock, valued at $177,500. This trade represents a 76.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,521 shares of company stock worth $42,177,331. Corporate insiders own 2.10% of the company’s stock.

AutoZone Price Performance

AZO stock opened at $3,756.09 on Friday. The business’s 50-day moving average is $3,623.06 and its two-hundred day moving average is $3,379.37. The firm has a market capitalization of $63.03 billion, a P/E ratio of 25.09, a P/E/G ratio of 1.86 and a beta of 0.54. AutoZone, Inc. has a 1 year low of $2,728.97 and a 1 year high of $3,916.81.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $29.11 by ($0.82). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The firm had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.98 billion. On average, analysts expect that AutoZone, Inc. will post 152.94 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Guggenheim boosted their target price on shares of AutoZone from $3,750.00 to $3,850.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Evercore ISI increased their price objective on AutoZone from $3,525.00 to $3,700.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Wedbush reissued an “outperform” rating and set a $3,700.00 target price on shares of AutoZone in a research note on Wednesday, March 5th. Mizuho upped their price target on AutoZone from $3,600.00 to $3,740.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Finally, Roth Mkm boosted their price objective on shares of AutoZone from $3,634.00 to $3,763.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating, eighteen have given a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $3,814.91.

About AutoZone

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.