AutoZone, Inc. (NYSE:AZO) Shares Bought by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC grew its stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 22.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 485 shares of the company's stock after purchasing an additional 90 shares during the period. Kingswood Wealth Advisors LLC's holdings in AutoZone were worth $1,849,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Colonial Trust Co SC boosted its holdings 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 in the last quarter. Comerica Bank lifted its position in shares of AutoZone by 5.4% during the 4th quarter. Comerica Bank now owns 4,262 shares of the company's stock valued at $13,647,000 after acquiring an additional 217 shares during the period. Barclays PLC boosted its stake in shares of AutoZone by 82.6% during the 4th quarter. Barclays PLC now owns 170,216 shares of the company's stock worth $545,033,000 after acquiring an additional 77,015 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of AutoZone by 13.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 66,016 shares of the company's stock worth $211,383,000 after acquiring an additional 7,586 shares in the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV grew its holdings in shares of AutoZone by 10.1% in the 1st quarter. Hudson Valley Investment Advisors Inc. ADV now owns 2,954 shares of the company's stock worth $11,267,000 after acquiring an additional 271 shares during the period. 92.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Raymond James Financial reaffirmed a "strong-buy" rating on shares of AutoZone in a report on Wednesday, May 28th. Wells Fargo & Company set a $4,200.00 price target on AutoZone and gave the stock an "overweight" rating in a research note on Monday, May 19th. JPMorgan Chase & Co. increased 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 restated an "outperform" rating and set a $4,100.00 target price (up from $3,850.00) on shares of AutoZone in a report on Wednesday, May 28th. Finally, Evercore ISI set a $3,950.00 target price on shares of AutoZone in a research report on Monday, May 19th. Two equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $4,072.24.

Insider Buying and Selling

In other news, 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 sale, the chairman now directly owns 8,546 shares in the company, valued at $31,696,515.78. This represents a 76.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Domingo Hurtado sold 4,800 shares of AutoZone stock in a transaction 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 in the company, valued at $581,940. The trade was a 96.79% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,912 shares of company stock valued at $136,901,262. Insiders own 2.10% of the company's stock.

AutoZone Stock Down 0.1%

Shares of NYSE:AZO traded down $4.75 during midday trading on Thursday, reaching $3,599.90. The company's stock had a trading volume of 131,695 shares, compared to its average volume of 128,909. The firm has a market cap of $60.41 billion, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 2.16 and a beta of 0.40. The business has a 50 day moving average price of $3,699.42 and a 200 day moving average price of $3,515.58. AutoZone, Inc. has a 1 year low of $2,801.49 and a 1 year high of $3,916.81.

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

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.