American National Bank & Trust Acquires 76 Shares of AutoZone, Inc. (NYSE:AZO)

American National Bank & Trust grew its position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,891 shares of the company's stock after purchasing an additional 76 shares during the quarter. AutoZone comprises approximately 1.6% of American National Bank & Trust's investment portfolio, making the stock its 18th largest position. American National Bank & Trust's holdings in AutoZone were worth $14,836,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in AutoZone during the 4th quarter worth approximately $29,000. Flagship Wealth Advisors LLC bought a new stake in shares of AutoZone in the 4th quarter valued at $32,000. Harbour Investments Inc. increased its stake in shares of AutoZone by 42.9% in 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 in the last quarter. Minot DeBlois Advisors LLC bought a new stake in shares of AutoZone in the 4th quarter valued at $45,000. Finally, Itau Unibanco Holding S.A. increased its stake in shares of AutoZone by 750.0% in 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 in the last quarter. Institutional investors own 92.74% of the company's stock.

AutoZone Trading Up 0.0%

Shares of NYSE:AZO traded up $0.71 during midday trading on Tuesday, reaching $3,750.52. The company had a trading volume of 95,962 shares, compared to its average volume of 129,609. The company's 50 day moving average price is $3,700.21 and its 200 day moving average price is $3,475.49. The stock has a market cap of $62.94 billion, a P/E ratio of 25.06, a P/E/G ratio of 1.86 and a beta of 0.44. AutoZone, Inc. has a 52-week low of $2,750.53 and a 52-week high of $3,916.81.

AutoZone (NYSE:AZO - Get Free Report) last announced 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). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The company had revenue of $4.46 billion during the quarter, compared to analysts' expectations of $4.41 billion. During the same quarter last year, the firm posted $36.69 earnings per share. AutoZone's revenue for the quarter was up 5.4% compared to the same quarter last year. Research analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Analyst Ratings Changes

AZO has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of AutoZone from $3,830.00 to $4,350.00 and gave the company an "overweight" rating in a research note on Friday, May 23rd. BMO Capital Markets reiterated an "outperform" rating and issued a $4,100.00 price objective (up previously from $3,850.00) on shares of AutoZone in a research note on Wednesday, May 28th. Argus lowered shares of AutoZone from a "buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Roth Capital set a $3,763.00 price target on shares of AutoZone in a research note on Wednesday, March 5th. Finally, Roth Mkm boosted their price target on shares of AutoZone from $3,634.00 to $3,763.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat.com, AutoZone currently has a consensus rating of "Buy" and an average target price of $4,054.52.

Insider Activity

In related news, SVP K. Michelle Borninkhof sold 136 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $3,550.08, for a total value of $482,810.88. Following the transaction, the senior vice president now directly owns 403 shares in the company, valued at approximately $1,430,682.24. This represents a 25.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Bailey L. Childress sold 160 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the completion of the transaction, the senior vice president now owns 50 shares in the company, valued at approximately $177,500. This trade represents a 76.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,133 shares of company stock worth $51,914,997 over the last ninety days. Company 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.