Brown Advisory Inc. Sells 870 Shares of AutoZone, Inc. (NYSE:AZO)

Brown Advisory Inc. cut its position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 0.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 118,422 shares of the company's stock after selling 870 shares during the quarter. Brown Advisory Inc. owned 0.71% of AutoZone worth $451,517,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in AutoZone in the fourth quarter valued at $29,000. Flagship Wealth Advisors LLC bought a new stake in AutoZone in the fourth quarter valued at $32,000. Harbour Investments Inc. lifted its stake 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 during the last quarter. Tradewinds Capital Management LLC lifted its stake in AutoZone by 30.0% in the first quarter. Tradewinds Capital Management LLC now owns 13 shares of the company's stock valued at $50,000 after buying an additional 3 shares during the last quarter. Finally, Minot DeBlois Advisors LLC bought a new stake in AutoZone in the fourth quarter valued at $45,000. 92.74% of the stock is currently owned by institutional investors.

AutoZone Stock Down 1.5%

Shares of AutoZone stock traded down $55.91 during trading on Tuesday, reaching $3,734.73. The company's stock had a trading volume of 108,343 shares, compared to its average volume of 130,240. The business's 50-day moving average price is $3,705.07 and its 200-day moving average price is $3,552.20. The firm has a market cap of $62.67 billion, a PE ratio of 25.28, a P/E/G ratio of 2.25 and a beta of 0.39. AutoZone, Inc. has a 52 week low of $2,802.79 and a 52 week high of $3,916.81.

AutoZone (NYSE:AZO - Get Free Report) last posted its quarterly earnings data 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 negative return on equity of 56.07% and a net margin of 13.56%. The firm had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.41 billion. During the same period in the prior year, the company earned $36.69 EPS. The company's revenue for the quarter was up 5.4% compared to the same quarter last year. Equities analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Insider Buying and Selling

In other AutoZone 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 transaction of $17,568,000.00. Following the completion of the sale, the vice president directly owned 159 shares in the company, valued at approximately $581,940. This trade represents a 96.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP K. Michelle Borninkhof sold 750 shares of the stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $3,597.13, for a total transaction of $2,697,847.50. Following the transaction, the senior vice president directly owned 406 shares in the company, valued at $1,460,434.78. This trade represents a 64.88% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,662 shares of company stock valued at $131,999,089. Company insiders own 2.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Evercore ISI set a $3,950.00 target price on AutoZone in a research note on Monday, May 19th. Guggenheim raised their price target on AutoZone from $3,850.00 to $4,100.00 and gave the company a "buy" rating in a report on Wednesday, May 28th. Truist Financial set a $3,995.00 price target on AutoZone in a report on Friday, May 23rd. The Goldman Sachs Group set a $3,811.00 price target on AutoZone in a report on Friday, May 23rd. Finally, Morgan Stanley reissued an "overweight" rating and set a $4,000.00 price target (up from $3,750.00) on shares of AutoZone in a report on Wednesday, May 28th. Two research analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, AutoZone presently has a consensus rating of "Buy" and a consensus target price of $4,087.00.

About AutoZone

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.