AutoZone, Inc. (NYSE:AZO) Shares Bought by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC increased its holdings in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 2.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,969 shares of the company's stock after acquiring an additional 164 shares during the quarter. AutoZone comprises 1.1% of Chesley Taft & Associates LLC's investment portfolio, making the stock its 26th biggest position. Chesley Taft & Associates LLC's holdings in AutoZone were worth $22,758,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in shares of AutoZone by 435,031.1% during 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 lifted its position in AutoZone by 482,040.2% during the fourth quarter. Proficio Capital Partners LLC now owns 419,462 shares of the company's stock worth $1,343,117,000 after buying an additional 419,375 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in AutoZone by 5.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 324,616 shares of the company's stock worth $1,039,421,000 after buying an additional 17,518 shares in the last quarter. Norges Bank acquired a new position in AutoZone during the fourth quarter worth $834,556,000. Finally, PineStone Asset Management Inc. boosted its position in shares of AutoZone by 6.9% during the 4th quarter. PineStone Asset Management Inc. now owns 213,575 shares of the company's stock valued at $683,867,000 after acquiring an additional 13,771 shares during the last quarter. Hedge funds and other institutional investors own 92.74% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AZO shares. Truist Financial set a $3,995.00 price objective on shares of AutoZone in a research report on Friday, May 23rd. The Goldman Sachs Group set a $3,811.00 price target on shares of AutoZone in a report on Friday, May 23rd. Mizuho upped their price objective on AutoZone from $3,600.00 to $3,740.00 and gave the company an "outperform" rating in a report on Wednesday, March 5th. Roth Capital set a $4,135.00 price objective on AutoZone and gave the stock a "buy" rating in a research report on Monday. Finally, Bank of America upgraded AutoZone from a "neutral" rating to a "buy" rating and lifted their target price for the company from $3,900.00 to $4,800.00 in a research report on Wednesday, May 21st. Two analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $4,072.24.

Insider Buying and Selling

In other news, VP Domingo Hurtado sold 4,800 shares of the stock in a transaction dated Tuesday, April 22nd. The stock was sold at an average price of $3,660.00, for a total value of $17,568,000.00. Following the transaction, the vice president now owns 159 shares in the company, valued at approximately $581,940. This represents a 96.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value of $9,737,666.60. Following the sale, the chief financial officer now directly owns 427 shares in the company, valued at $1,591,877.35. This trade represents a 85.95% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,398 shares of company stock worth $45,676,997. Company insiders own 2.10% of the company's stock.

AutoZone Stock Performance

Shares of NYSE:AZO traded down $6.32 during trading on Friday, hitting $3,718.93. The company's stock had a trading volume of 98,851 shares, compared to its average volume of 128,846. AutoZone, Inc. has a fifty-two week low of $2,753.61 and a fifty-two week high of $3,916.81. The business has a 50 day moving average price of $3,695.65 and a two-hundred day moving average price of $3,482.87. The company has a market capitalization of $62.41 billion, a PE ratio of 24.85, a P/E/G ratio of 1.86 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 earnings per share for the quarter, missing the consensus estimate of $37.07 by ($1.71). The company 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 53.89% and a net margin of 14.18%. AutoZone's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $36.69 EPS. As a group, equities analysts expect 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.