AutoZone, Inc. (NYSE:AZO) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. lessened its stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 19.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,446 shares of the company's stock after selling 7,380 shares during the quarter. Ameriprise Financial Inc. owned 0.18% of AutoZone worth $90,783,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Assenagon Asset Management S.A. lifted its stake in shares of AutoZone by 29.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 34,808 shares of the company's stock worth $111,455,000 after acquiring an additional 7,922 shares in the last quarter. Comerica Bank lifted its stake in shares of AutoZone by 5.4% in the fourth quarter. Comerica Bank now owns 4,262 shares of the company's stock worth $13,647,000 after acquiring an additional 217 shares in the last quarter. Barclays PLC lifted its stake in shares of AutoZone by 82.6% in the fourth quarter. Barclays PLC now owns 170,216 shares of the company's stock worth $545,033,000 after acquiring an additional 77,015 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of AutoZone by 13.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 66,016 shares of the company's stock worth $211,383,000 after acquiring an additional 7,586 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of AutoZone by 41.1% in the fourth quarter. Russell Investments Group Ltd. now owns 73,044 shares of the company's stock worth $233,718,000 after acquiring an additional 21,266 shares in the last quarter. Institutional investors and hedge funds own 92.74% of the company's stock.

Insider Buying and Selling

In other AutoZone news, VP Domingo Hurtado sold 4,800 shares of the stock in a transaction 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 transaction, the vice president now directly owns 159 shares of the company's stock, valued at approximately $581,940. This trade represents a 96.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Philip B. Daniele sold 2,000 shares of the stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $3,800.01, for a total value of $7,600,020.00. Following the transaction, the chief executive officer now directly owns 163 shares of the company's stock, valued at approximately $619,401.63. The trade was a 92.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,521 shares of company stock valued at $42,177,331 in the last three months. 2.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently commented on AZO shares. UBS Group boosted their price target on AutoZone from $3,875.00 to $4,025.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Bank of America boosted their price target on AutoZone from $3,600.00 to $3,700.00 and gave the stock a "neutral" rating in a research note on Wednesday, March 5th. Truist Financial boosted their price target on AutoZone from $3,841.00 to $3,995.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. StockNews.com lowered AutoZone from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, Wells Fargo & Company boosted their price objective on AutoZone from $3,750.00 to $3,850.00 and gave the company an "overweight" rating in a report on Wednesday, March 5th. Four investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, AutoZone presently has a consensus rating of "Buy" and an average target price of $3,821.91.

AutoZone Price Performance

AZO stock traded down $0.73 on Monday, reaching $3,663.00. The company's stock had a trading volume of 135,033 shares, compared to its average volume of 131,809. AutoZone, Inc. has a 52 week low of $2,728.97 and a 52 week high of $3,916.81. The company has a market capitalization of $61.47 billion, a P/E ratio of 24.47, a price-to-earnings-growth ratio of 1.86 and a beta of 0.44. The firm has a fifty day moving average of $3,649.54 and a two-hundred day moving average of $3,401.35.

AutoZone (NYSE:AZO - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.98 billion. As a group, equities 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.