AutoZone, Inc. (NYSE:AZO) Shares Bought by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC grew its position in AutoZone, Inc. (NYSE:AZO - Free Report) by 46.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 492 shares of the company's stock after acquiring an additional 156 shares during the quarter. Capstone Investment Advisors LLC's holdings in AutoZone were worth $1,575,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Raymond James restated a "strong-buy" rating on shares of AutoZone in a report on Wednesday, March 5th. Wedbush reaffirmed an "outperform" rating and set a $3,700.00 target price on shares of AutoZone in a research note on Wednesday, March 5th. Argus lowered shares of AutoZone from a "buy" rating to a "hold" rating in a report on Wednesday, March 5th. Guggenheim upped their price objective on AutoZone from $3,750.00 to $3,850.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Finally, BMO Capital Markets lifted their target price on AutoZone from $3,700.00 to $3,850.00 and gave the company an "outperform" rating in a report on Wednesday, March 5th. Four research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $3,821.91.

Insider Buying and Selling

In other AutoZone news, CEO Philip B. Daniele sold 2,000 shares of the firm's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $3,800.01, for a total transaction of $7,600,020.00. Following the sale, the chief executive officer now directly owns 163 shares of the company's stock, valued at $619,401.63. This trade represents a 92.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Bailey L. Childress sold 160 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at approximately $177,500. This represents a 76.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,521 shares of company stock worth $42,177,331 in the last ninety days. Insiders own 2.10% of the company's stock.

AutoZone Stock Down 0.4 %

NYSE AZO traded down $16.03 during mid-day trading on Friday, hitting $3,658.70. The stock had a trading volume of 81,995 shares, compared to its average volume of 131,796. The company has a 50 day simple moving average of $3,649.54 and a 200 day simple moving average of $3,399.65. The company has a market cap of $61.40 billion, a price-to-earnings ratio of 24.44, a P/E/G ratio of 1.86 and a beta of 0.44. AutoZone, Inc. has a 52-week low of $2,728.97 and a 52-week high of $3,916.81.

AutoZone (NYSE:AZO - Get Free Report) last released its quarterly earnings data on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing the consensus estimate 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 negative return on equity of 53.89% and a net margin of 14.18%. As a group, equities analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

AutoZone Company 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.