AutoZone, Inc. (NYSE:AZO) Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd increased its holdings in AutoZone, Inc. (NYSE:AZO - Free Report) by 10.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,660 shares of the company's stock after buying an additional 340 shares during the quarter. IFM Investors Pty Ltd's holdings in AutoZone were worth $13,955,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Headlands Technologies LLC acquired a new stake in shares of AutoZone during the 4th quarter worth approximately $29,000. Flagship Wealth Advisors LLC purchased a new position in AutoZone in the fourth quarter valued at $32,000. Harbour Investments Inc. increased its holdings in AutoZone by 42.9% in the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company's stock valued at $32,000 after buying an additional 3 shares in the last quarter. Minot DeBlois Advisors LLC acquired a new position in shares of AutoZone in the fourth quarter worth about $45,000. Finally, Tradewinds Capital Management LLC boosted its stake in shares of AutoZone by 30.0% during the 1st quarter. Tradewinds Capital Management LLC now owns 13 shares of the company's stock worth $50,000 after acquiring an additional 3 shares in the last quarter. 92.74% of the stock is owned by hedge funds and other institutional investors.

AutoZone Stock Performance

NYSE AZO traded down $18.34 during trading on Friday, reaching $3,667.00. The company's stock had a trading volume of 84,768 shares, compared to its average volume of 130,305. AutoZone, Inc. has a twelve month low of $2,801.49 and a twelve month high of $3,916.81. The firm has a market cap of $61.53 billion, a price-to-earnings ratio of 24.82, a P/E/G ratio of 2.25 and a beta of 0.39. The business's fifty day moving average price is $3,701.69 and its 200-day moving average price is $3,544.02.

AutoZone (NYSE:AZO - Get Free Report) last announced its 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 13.56% and a negative return on equity of 56.07%. 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 business posted $36.69 earnings per share. The company's revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, sell-side analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Insider Activity

In other news, SVP K. Michelle Borninkhof sold 750 shares of the firm's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $3,597.13, for a total value of $2,697,847.50. Following the completion of the sale, the senior vice president owned 406 shares in the company, valued at approximately $1,460,434.78. This trade represents a 64.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Domingo Hurtado sold 4,800 shares of the firm's stock in a transaction dated Tuesday, April 22nd. The shares were sold at an average price of $3,660.00, for a total transaction of $17,568,000.00. Following the completion of the sale, the vice president owned 159 shares of the company's stock, valued at approximately $581,940. The trade was a 96.79% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,662 shares of company stock valued at $131,999,089. 2.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AZO has been the topic of a number of recent analyst reports. Truist Financial set a $3,995.00 target price on AutoZone in a research report on Friday, May 23rd. DA Davidson lifted their target price on shares of AutoZone from $4,192.00 to $4,850.00 and gave the company a "buy" rating in a research report on Wednesday, May 28th. The Goldman Sachs Group set a $3,811.00 target price on shares of AutoZone in a research note on Friday, May 23rd. Wall Street Zen raised shares of AutoZone from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Finally, JPMorgan Chase & Co. increased their target price on AutoZone from $3,830.00 to $4,350.00 and gave the company an "overweight" rating in a report on Friday, May 23rd. Two analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, AutoZone has an average rating of "Buy" and a consensus price target of $4,087.00.

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.