AutoZone, Inc. $AZO Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Key Points

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Banco Bilbao Vizcaya Argentaria S.A. lessened its holdings in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,969 shares of the company's stock after selling 140 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in AutoZone were worth $18,949,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. grew its position in shares of AutoZone by 3.5% in the first quarter. Blue Trust Inc. now owns 89 shares of the company's stock valued at $339,000 after purchasing an additional 3 shares in the last quarter. Colonial Trust Co SC boosted its stake in AutoZone by 24.5% during the fourth quarter. Colonial Trust Co SC now owns 61 shares of the company's stock worth $197,000 after buying an additional 12 shares during the last quarter. Comerica Bank boosted its stake in AutoZone by 5.4% during the fourth quarter. Comerica Bank now owns 4,262 shares of the company's stock worth $13,647,000 after buying an additional 217 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV grew its holdings in AutoZone by 10.1% in the 1st quarter. Hudson Valley Investment Advisors Inc. ADV now owns 2,954 shares of the company's stock valued at $11,267,000 after buying an additional 271 shares in the last quarter. Finally, Kirr Marbach & Co. LLC IN increased its stake in shares of AutoZone by 0.9% in the 1st quarter. Kirr Marbach & Co. LLC IN now owns 7,761 shares of the company's stock worth $29,591,000 after acquiring an additional 68 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company's stock.

Analyst Upgrades and Downgrades

AZO has been the topic of several recent research reports. Mizuho boosted their price target on shares of AutoZone from $3,740.00 to $4,050.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. Wells Fargo & Company set a $4,200.00 price target on shares of AutoZone and gave the company an "overweight" rating in a research note on Monday, May 19th. UBS Group raised their price target on shares of AutoZone from $4,025.00 to $4,260.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. JPMorgan Chase & Co. upped their price objective on AutoZone from $3,830.00 to $4,350.00 and gave the company an "overweight" rating in a report on Friday, May 23rd. Finally, The Goldman Sachs Group set a $3,811.00 price objective on AutoZone in a research report on Friday, May 23rd. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, AutoZone presently has an average rating of "Buy" and an average target price of $4,101.29.

AutoZone Price Performance

Shares of AZO stock traded down $29.4930 during trading hours on Thursday, hitting $4,128.6070. The company had a trading volume of 91,433 shares, compared to its average volume of 114,550. The stock has a market capitalization of $69.28 billion, a PE ratio of 27.94, a price-to-earnings-growth ratio of 2.48 and a beta of 0.38. The company's fifty day moving average is $3,800.17 and its 200 day moving average is $3,686.55. AutoZone, Inc. has a fifty-two week low of $2,898.57 and a fifty-two week high of $4,187.39.

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

Insider Transactions at AutoZone

In related news, CFO Jamere Jackson sold 2,612 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $3,728.05, for a total transaction of $9,737,666.60. Following the completion of the transaction, the chief financial officer directly owned 427 shares in the company, valued at $1,591,877.35. This trade represents a 85.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman William C. Rhodes III sold 27,500 shares of the stock in a transaction dated 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 sale, the chairman directly owned 8,546 shares in the company, valued at $31,696,515.78. This represents a 76.29% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,862 shares of company stock valued at $126,058,789. Insiders own 2.10% of the company's stock.

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.