Aurdan Capital Management LLC Acquires Shares of 976 AutoZone, Inc. (NYSE:AZO)

Aurdan Capital Management LLC purchased a new stake in AutoZone, Inc. (NYSE:AZO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 976 shares of the company's stock, valued at approximately $3,125,000. AutoZone accounts for approximately 1.2% of Aurdan Capital Management LLC's investment portfolio, making the stock its 27th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in shares of AutoZone during the 4th quarter valued at $29,000. Flagship Wealth Advisors LLC bought a new stake in shares of AutoZone during the 4th quarter valued at $32,000. Harbour Investments Inc. lifted its position in shares of 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 acquiring an additional 3 shares during the period. Minot DeBlois Advisors LLC bought a new stake in shares of AutoZone during the 4th quarter valued at $45,000. Finally, Itau Unibanco Holding S.A. lifted its position in shares of AutoZone by 750.0% during the 4th quarter. Itau Unibanco Holding S.A. now owns 17 shares of the company's stock valued at $54,000 after acquiring an additional 15 shares during the period. 92.74% of the stock is currently owned by institutional investors.

AutoZone Price Performance

Shares of NYSE:AZO traded up $50.06 during midday trading on Wednesday, hitting $3,745.72. The company had a trading volume of 205,343 shares, compared to its average volume of 129,820. The company has a market cap of $62.86 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 1.86 and a beta of 0.44. AutoZone, Inc. has a 12-month low of $2,728.97 and a 12-month high of $3,916.81. The company has a fifty day moving average of $3,694.38 and a two-hundred day moving average of $3,457.18.

AutoZone (NYSE:AZO - Get Free Report) last issued its quarterly earnings data on Tuesday, May 27th. The company reported $35.36 earnings per share for the quarter, missing analysts' consensus estimates of $37.07 by ($1.71). The firm had revenue of $4.46 billion for the quarter, compared to analysts' expectations of $4.41 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The company's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $36.69 EPS. Research analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Insider Buying and Selling

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 shares were sold at an average price of $3,660.00, for a total value of $17,568,000.00. Following the completion of the transaction, the vice president now owns 159 shares of the company's stock, valued at $581,940. The trade was a 96.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Bailey L. Childress sold 160 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total value of $568,000.00. Following the transaction, the senior vice president now directly owns 50 shares in the company, valued at approximately $177,500. The trade was a 76.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,521 shares of company stock worth $42,177,331. Corporate insiders own 2.10% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Wall Street Zen upgraded AutoZone from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. BMO Capital Markets boosted their price target on AutoZone from $3,850.00 to $4,100.00 and gave the stock an "outperform" rating in a report on Wednesday. Oppenheimer raised AutoZone from a "market perform" rating to an "outperform" rating and set a $4,600.00 price target for the company in a report on Friday, May 2nd. Guggenheim boosted their price target on AutoZone from $3,850.00 to $4,100.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Argus cut AutoZone from a "buy" rating to a "hold" rating in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $4,054.52.

AutoZone 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.