143 Shares in AutoZone, Inc. (NYSE:AZO) Purchased by Alpine Bank Wealth Management

Alpine Bank Wealth Management purchased a new stake in AutoZone, Inc. (NYSE:AZO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 143 shares of the company's stock, valued at approximately $545,000.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in shares of AutoZone by 435,031.1% in the 1st quarter. GAMMA Investing LLC now owns 770,182 shares of the company's stock worth $2,936,535,000 after purchasing an additional 770,005 shares during the last quarter. Proficio Capital Partners LLC boosted its position in AutoZone by 482,040.2% in the fourth quarter. Proficio Capital Partners LLC now owns 419,462 shares of the company's stock valued at $1,343,117,000 after buying an additional 419,375 shares in the last quarter. Norges Bank bought a new stake in AutoZone during the fourth quarter worth about $834,556,000. Wealthfront Advisers LLC grew its stake in AutoZone by 6,083.9% during the fourth quarter. Wealthfront Advisers LLC now owns 90,656 shares of the company's stock worth $290,281,000 after buying an additional 89,190 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of AutoZone by 82.6% during the fourth quarter. Barclays PLC now owns 170,216 shares of the company's stock worth $545,033,000 after buying an additional 77,015 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors.

AutoZone Price Performance

Shares of AZO stock traded down $10.67 on Thursday, hitting $3,478.87. 63,204 shares of the company's stock were exchanged, compared to its average volume of 133,071. The company has a 50 day moving average of $3,696.27 and a 200 day moving average of $3,529.06. AutoZone, Inc. has a 12 month low of $2,801.49 and a 12 month high of $3,916.81. The stock has a market cap of $58.38 billion, a P/E ratio of 23.54, a price-to-earnings-growth ratio of 2.14 and a beta of 0.40.

AutoZone (NYSE:AZO - Get Free Report) last issued its quarterly earnings results on Tuesday, May 27th. The company reported $35.36 EPS for the quarter, missing analysts' consensus estimates of $37.07 by ($1.71). The business had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.41 billion. AutoZone had a negative return on equity of 56.07% and a net margin of 13.56%. AutoZone's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $36.69 EPS. Sell-side analysts predict that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on AZO shares. UBS Group boosted their target price on AutoZone from $4,025.00 to $4,260.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Oppenheimer upgraded 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. Roth Mkm increased their target price on AutoZone from $3,634.00 to $3,763.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. raised their target price on AutoZone from $3,830.00 to $4,350.00 and gave the company an "overweight" rating in a research note on Friday, May 23rd. Finally, Wells Fargo & Company set a $4,200.00 price target on shares of AutoZone and gave the stock an "overweight" rating in a research report on Monday, May 19th. Two investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $4,072.24.

Insider Activity

In related news, VP Domingo Hurtado sold 4,800 shares of the business's stock in a transaction dated 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 transaction, 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, Chairman William C. Rhodes III sold 27,500 shares of the company's stock in a transaction 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 completion of the transaction, the chairman now owns 8,546 shares of the company's stock, 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. Insiders sold a total of 35,662 shares of company stock worth $131,999,089 over the last quarter. 2.10% of the stock is currently owned by corporate insiders.

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.