AutoZone, Inc. (NYSE:AZO) Shares Acquired by Boothbay Fund Management LLC

Boothbay Fund Management LLC boosted its holdings in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 3,964.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,821 shares of the company's stock after purchasing an additional 3,727 shares during the quarter. Boothbay Fund Management LLC's holdings in AutoZone were worth $12,235,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC purchased a new stake in AutoZone during the fourth quarter valued at $29,000. Flagship Wealth Advisors LLC bought a new stake in shares of AutoZone in the 4th quarter worth about $32,000. Harbour Investments Inc. grew its holdings in AutoZone by 42.9% during the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company's stock valued at $32,000 after purchasing an additional 3 shares during the last quarter. Crews Bank & Trust purchased a new position in shares of AutoZone during the fourth quarter valued at approximately $61,000. Finally, McIlrath & Eck LLC boosted its position in shares of AutoZone by 25.0% during the third quarter. McIlrath & Eck LLC now owns 20 shares of the company's stock valued at $63,000 after buying an additional 4 shares during the period. Hedge funds and other institutional investors own 92.74% of the company's stock.

Insider Activity

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 directly owns 159 shares in the company, valued at approximately $581,940. The trade was a 96.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Philip B. Daniele sold 2,000 shares of the company's 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 completion of the sale, the chief executive officer now 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 worth $42,177,331 over the last three months. 2.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on AZO. Barclays boosted their price target on AutoZone from $3,024.00 to $3,585.00 and gave the company an "overweight" rating in a report on Thursday, January 9th. Roth Mkm boosted their price target on AutoZone from $3,634.00 to $3,763.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Bank of America boosted their price target on AutoZone from $3,600.00 to $3,700.00 and gave the company a "neutral" rating in a report on Wednesday, March 5th. 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 report on Wednesday, March 5th. Finally, StockNews.com raised shares of AutoZone from a "hold" rating to a "buy" rating in a research note on Monday. Four equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $3,724.00.

AutoZone Trading Down 0.8 %

NYSE AZO traded down $29.37 on Thursday, hitting $3,733.23. 32,480 shares of the company's stock traded hands, compared to its average volume of 131,319. AutoZone, Inc. has a 1-year low of $2,728.97 and a 1-year high of $3,916.81. The firm's 50-day moving average price is $3,609.63 and its two-hundred day moving average price is $3,370.89. The firm has a market capitalization of $62.65 billion, a PE ratio of 24.94, a P/E/G ratio of 1.86 and a beta of 0.54.

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

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.