AutoZone, Inc. (NYSE:AZO) Shares Purchased by Captrust Financial Advisors

Captrust Financial Advisors raised its holdings in AutoZone, Inc. (NYSE:AZO - Free Report) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,519 shares of the company's stock after buying an additional 713 shares during the period. Captrust Financial Advisors owned about 0.11% of AutoZone worth $59,299,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in shares of AutoZone during the 4th quarter worth about $29,000. Flagship Wealth Advisors LLC purchased a new stake in shares of AutoZone during the 4th quarter worth approximately $32,000. Harbour Investments Inc. grew its position in shares of AutoZone by 42.9% in the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company's stock valued at $32,000 after buying an additional 3 shares during the last quarter. Itau Unibanco Holding S.A. grew its position in shares of AutoZone by 750.0% in the 4th quarter. Itau Unibanco Holding S.A. now owns 17 shares of the company's stock valued at $54,000 after buying an additional 15 shares during the last quarter. Finally, Crews Bank & Trust purchased a new stake in AutoZone in the fourth quarter valued at $61,000. 92.74% of the stock is owned by hedge funds and other institutional investors.

AutoZone Stock Performance

AutoZone stock opened at $3,775.42 on Tuesday. The firm has a market capitalization of $63.36 billion, a price-to-earnings ratio of 25.22, a price-to-earnings-growth ratio of 1.86 and a beta of 0.44. AutoZone, Inc. has a fifty-two week low of $2,728.97 and a fifty-two week high of $3,916.81. The stock's fifty day moving average is $3,630.81 and its two-hundred day moving average is $3,386.83.

AutoZone (NYSE:AZO - Get Free Report) last posted its earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share for the quarter, missing the consensus estimate of $29.11 by ($0.82). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The business had revenue of $3.95 billion for the quarter, compared to analysts' expectations of $3.98 billion. As a group, sell-side analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AZO. Evercore ISI lifted their target price 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. Morgan Stanley increased their price target on shares of AutoZone from $3,490.00 to $3,750.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 5th. Guggenheim lifted their price objective on shares of AutoZone from $3,750.00 to $3,850.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Mizuho increased their target price on shares of AutoZone from $3,600.00 to $3,740.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. boosted their price target on AutoZone from $3,775.00 to $3,830.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating, eighteen have given a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $3,814.91.

Insider Transactions at AutoZone

In other AutoZone news, CEO Philip B. Daniele sold 2,000 shares of the firm's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $3,800.01, for a total transaction of $7,600,020.00. Following the completion of the transaction, the chief executive officer now owns 163 shares of the company's stock, valued at approximately $619,401.63. This trade represents a 92.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Domingo Hurtado sold 4,800 shares of the business's stock in a transaction on Tuesday, April 22nd. The stock was sold at an average price of $3,660.00, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,521 shares of company stock valued at $42,177,331 in the last ninety days. Corporate insiders own 2.10% of the company's stock.

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.

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