LSV Asset Management cut its stake in AutoZone, Inc. (NYSE:AZO – Free Report) by 26.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,343 shares of the company’s stock after selling 4,713 shares during the period. LSV Asset Management owned 0.08% of AutoZone worth $34,500,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its stake in shares of AutoZone by 32.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 2,454 shares of the company’s stock valued at $6,234,000 after purchasing an additional 595 shares in the last quarter. Brown Advisory Inc. grew its position in AutoZone by 0.8% during the third quarter. Brown Advisory Inc. now owns 1,004 shares of the company’s stock valued at $2,550,000 after acquiring an additional 8 shares during the last quarter. Lindbrook Capital LLC lifted its position in AutoZone by 16.1% during the third quarter. Lindbrook Capital LLC now owns 108 shares of the company’s stock valued at $274,000 after buying an additional 15 shares during the period. Mackenzie Financial Corp increased its holdings in AutoZone by 3.4% in the 3rd quarter. Mackenzie Financial Corp now owns 43,822 shares of the company’s stock worth $108,330,000 after buying an additional 1,432 shares in the last quarter. Finally, Castleview Partners LLC lifted its position in shares of AutoZone by 4.3% during the 3rd quarter. Castleview Partners LLC now owns 317 shares of the company’s stock valued at $805,000 after buying an additional 13 shares in the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.
AutoZone Stock Performance
AZO traded up $12.90 on Monday, reaching $2,965.10. The company had a trading volume of 52,050 shares, compared to its average volume of 151,031. The stock has a market cap of $51.36 billion, a P/E ratio of 20.79, a P/E/G ratio of 1.46 and a beta of 0.72. AutoZone, Inc. has a fifty-two week low of $2,277.88 and a fifty-two week high of $3,256.37. The company’s fifty day moving average is $3,051.93 and its 200 day moving average is $2,788.27.
AutoZone (NYSE:AZO – Get Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $28.89 earnings per share for the quarter, beating analysts’ consensus estimates of $26.08 by $2.81. The business had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $4.32 billion. AutoZone had a negative return on equity of 56.06% and a net margin of 14.70%. AutoZone’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $24.64 earnings per share. On average, sell-side analysts expect that AutoZone, Inc. will post 152.4 EPS for the current year.
Insider Buying and Selling
In other news, Chairman William C. Rhodes III sold 6,700 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $3,190.22, for a total transaction of $21,374,474.00. Following the sale, the chairman now owns 15,357 shares of the company’s stock, valued at $48,992,208.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other AutoZone news, Chairman William C. Rhodes III sold 6,700 shares of AutoZone stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $3,190.22, for a total value of $21,374,474.00. Following the completion of the sale, the chairman now owns 15,357 shares in the company, valued at approximately $48,992,208.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Eric S. Gould sold 2,100 shares of AutoZone stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $3,200.00, for a total value of $6,720,000.00. Following the completion of the sale, the vice president now owns 910 shares of the company’s stock, valued at approximately $2,912,000. The disclosure for this sale can be found here. Insiders sold 15,990 shares of company stock worth $50,335,193 in the last three months. Corporate insiders own 2.50% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have commented on the company. JPMorgan Chase & Co. upped their price objective on AutoZone from $3,000.00 to $3,200.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Wedbush raised their price objective on AutoZone from $2,950.00 to $3,400.00 and gave the company an “outperform” rating in a research note on Wednesday, February 28th. Morgan Stanley increased their target price on AutoZone from $2,900.00 to $3,100.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Mizuho began coverage on AutoZone in a report on Tuesday, March 19th. They issued a “buy” rating and a $3,450.00 target price on the stock. Finally, Truist Financial lifted their target price on AutoZone from $3,363.00 to $3,523.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $3,086.61.
Get Our Latest Report on AutoZone
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.
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