AutoZone, Inc. (NYSE:AZO) Shares Sold by Axa S.A.

Axa S.A. lessened its position in AutoZone, Inc. (NYSE:AZO - Free Report) by 9.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,717 shares of the company's stock after selling 389 shares during the period. Axa S.A.'s holdings in AutoZone were worth $11,902,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. increased its position in AutoZone by 18.1% during the 3rd quarter. Franklin Resources Inc. now owns 44,946 shares of the company's stock worth $141,717,000 after purchasing an additional 6,898 shares during the period. Principal Financial Group Inc. grew its holdings in AutoZone by 1.7% during the third quarter. Principal Financial Group Inc. now owns 21,907 shares of the company's stock worth $69,008,000 after acquiring an additional 360 shares during the period. GAMMA Investing LLC raised its position in AutoZone by 17.2% in the fourth quarter. GAMMA Investing LLC now owns 177 shares of the company's stock worth $567,000 after acquiring an additional 26 shares in the last quarter. Pensionfund Sabic lifted its holdings in AutoZone by 51.3% in the fourth quarter. Pensionfund Sabic now owns 590 shares of the company's stock valued at $1,889,000 after acquiring an additional 200 shares during the period. Finally, Silverleafe Capital Partners LLC boosted its position in shares of AutoZone by 1.0% during the 4th quarter. Silverleafe Capital Partners LLC now owns 2,642 shares of the company's stock worth $8,460,000 after purchasing an additional 26 shares in the last quarter. Hedge funds and other institutional investors own 92.74% of the company's stock.

AutoZone Trading Up 0.5 %

NYSE AZO opened at $3,775.42 on Tuesday. The business's 50-day moving average price is $3,630.81 and its 200 day moving average price is $3,386.83. AutoZone, Inc. has a twelve month low of $2,728.97 and a twelve month high of $3,916.81. The company has a market capitalization of $63.36 billion, a PE ratio of 25.22, a price-to-earnings-growth ratio of 1.86 and a beta of 0.44.

AutoZone (NYSE:AZO - Get Free Report) last announced its quarterly earnings data 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 negative return on equity of 53.89% and a net margin of 14.18%. The company had revenue of $3.95 billion for the quarter, compared to analysts' expectations of $3.98 billion. Equities analysts predict that AutoZone, Inc. will post 152.94 EPS for the current year.

Insider Buying and Selling at AutoZone

In other AutoZone news, VP Domingo Hurtado sold 4,800 shares of the business's stock in a transaction that occurred on Tuesday, April 22nd. The shares were 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 directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Bailey L. Childress sold 160 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the completion of the transaction, the senior vice president now directly owns 50 shares in the company, valued at approximately $177,500. This represents a 76.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,521 shares of company stock worth $42,177,331 in the last quarter. 2.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on AZO shares. Truist Financial raised their price objective on shares of AutoZone from $3,753.00 to $3,841.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Roth Mkm boosted their price target on AutoZone from $3,634.00 to $3,763.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Roth Capital set a $3,763.00 price objective on AutoZone in a research note on Wednesday, March 5th. JPMorgan Chase & Co. boosted their target price on AutoZone from $3,775.00 to $3,830.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 5th. Finally, Bank of America raised their price target on AutoZone from $3,600.00 to $3,700.00 and gave the company a "neutral" 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 stock. According to MarketBeat.com, AutoZone has a consensus rating of "Buy" and a consensus target price 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.

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