84 Shares in AutoZone, Inc. (NYSE:AZO) Purchased by George Kaiser Family Foundation

Key Points

• The George Kaiser Family Foundation acquired 84 shares of AutoZone, Inc., valued at approximately $320,000, making it a small percentage of their overall holdings.
• AutoZone reported quarterly earnings of $35.36 EPS, missing the consensus estimate, but achieved revenue of $4.46 billion, exceeding expectations.
• Several analysts have upgraded AutoZone's stock ratings, with target prices now reaching up to $4,800, indicating strong confidence in the company's future performance.

George Kaiser Family Foundation acquired a new position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 84 shares of the company's stock, valued at approximately $320,000. AutoZone comprises approximately 0.0% of George Kaiser Family Foundation's holdings, making the stock its 23rd largest holding.

Several other large investors have also recently modified their holdings of the business. Forum Financial Management LP increased its stake in shares of AutoZone by 2.2% in the fourth quarter. Forum Financial Management LP now owns 138 shares of the company's stock worth $443,000 after purchasing an additional 3 shares in the last quarter. Focus Financial Network Inc. increased its stake in shares of AutoZone by 2.9% in the first quarter. Focus Financial Network Inc. now owns 105 shares of the company's stock worth $400,000 after purchasing an additional 3 shares in the last quarter. Wealthcare Advisory Partners LLC increased its stake in shares of AutoZone by 2.2% in the first quarter. Wealthcare Advisory Partners LLC now owns 141 shares of the company's stock worth $538,000 after purchasing an additional 3 shares in the last quarter. Rappaport Reiches Capital Management LLC increased its stake in shares of AutoZone by 4.8% in the first quarter. Rappaport Reiches Capital Management LLC now owns 66 shares of the company's stock worth $252,000 after purchasing an additional 3 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in shares of AutoZone by 3.5% in the first quarter. Blue Trust Inc. now owns 89 shares of the company's stock worth $339,000 after purchasing an additional 3 shares in the last quarter. Hedge funds and other institutional investors own 92.74% of the company's stock.

AutoZone Price Performance

Shares of AutoZone stock opened at $4,007.93 on Friday. The firm has a market cap of $67.26 billion, a PE ratio of 27.13, a PEG ratio of 2.39 and a beta of 0.38. AutoZone, Inc. has a 1 year low of $2,898.57 and a 1 year high of $4,094.69. The company has a 50 day simple moving average of $3,765.61 and a two-hundred day simple moving average of $3,668.31.

AutoZone (NYSE:AZO - Get Free Report) last posted its quarterly earnings results on Tuesday, May 27th. The company reported $35.36 EPS for the quarter, missing the consensus estimate of $37.07 by ($1.71). The business had revenue of $4.46 billion for the quarter, compared to analysts' expectations of $4.41 billion. AutoZone had a negative return on equity of 56.07% and a net margin of 13.56%. The company's revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business posted $36.69 earnings per share. As a group, research analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Insider Buying and Selling at AutoZone

In other AutoZone news, CFO Jamere Jackson sold 2,612 shares of AutoZone stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $3,728.05, for a total transaction of $9,737,666.60. Following the transaction, the chief financial officer directly owned 427 shares of the company's stock, valued at approximately $1,591,877.35. This trade represents a 85.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman William C. Rhodes III sold 27,500 shares of AutoZone stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $3,708.93, for a total transaction of $101,995,575.00. Following the transaction, the chairman directly owned 8,546 shares in the company, valued at $31,696,515.78. This trade represents a 76.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,862 shares of company stock valued at $126,058,789. 2.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AZO. BMO Capital Markets reiterated an "outperform" rating and issued a $4,100.00 target price (up previously from $3,850.00) on shares of AutoZone in a research note on Wednesday, May 28th. Bank of America upgraded shares of AutoZone from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $3,900.00 to $4,800.00 in a research note on Wednesday, May 21st. Oppenheimer upgraded shares of AutoZone from a "market perform" rating to an "outperform" rating and set a $4,600.00 price objective for the company in a research report on Friday, May 2nd. Wall Street Zen upgraded shares of AutoZone from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Finally, Guggenheim raised their price objective on shares of AutoZone from $3,850.00 to $4,100.00 and gave the company a "buy" rating in a research report on Wednesday, May 28th. Two research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $4,087.00.

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.

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