AutoZone, Inc. (NYSE:AZO) Shares Sold by Hunter Associates Investment Management LLC

Hunter Associates Investment Management LLC trimmed its holdings in AutoZone, Inc. (NYSE:AZO - Free Report) by 29.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 588 shares of the company's stock after selling 249 shares during the quarter. Hunter Associates Investment Management LLC's holdings in AutoZone were worth $2,257,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Headlands Technologies LLC purchased a new stake in shares of AutoZone during the 4th quarter valued at approximately $29,000. Flagship Wealth Advisors LLC purchased a new stake in shares of AutoZone during the 4th quarter valued at approximately $32,000. Harbour Investments Inc. raised its position in shares of AutoZone by 42.9% during the 4th 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 period. Cornerstone Planning Group LLC purchased a new stake in shares of AutoZone during the 1st quarter valued at approximately $44,000. Finally, Minot DeBlois Advisors LLC purchased a new stake in shares of AutoZone during the 4th quarter valued at approximately $45,000. 92.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AZO. Evercore ISI set a $3,950.00 price target on shares of AutoZone in a research report on Monday, May 19th. Truist Financial set a $3,995.00 price target on shares of AutoZone in a research report on Friday, May 23rd. UBS Group lifted their price target on shares of AutoZone from $4,025.00 to $4,260.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Oppenheimer upgraded shares of AutoZone from a "market perform" rating to an "outperform" rating and set a $4,600.00 target price for the company in a report on Friday, May 2nd. Finally, 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 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's stock. Based on data from MarketBeat, AutoZone presently has an average rating of "Buy" and a consensus price target of $4,087.00.

Insiders Place Their Bets

In other news, SVP K. Michelle Borninkhof sold 750 shares of the company's 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 completion of the transaction, the senior vice president directly owned 406 shares of the company's stock, valued at approximately $1,460,434.78. This represents a 64.88% 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 company'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 transaction, the chief financial officer directly owned 427 shares of the company's stock, valued at approximately $1,591,877.35. This represents a 85.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,662 shares of company stock valued at $131,999,089. 2.10% of the stock is owned by insiders.

AutoZone Stock Down 0.7%

NYSE AZO traded down $26.32 during trading hours on Friday, hitting $3,702.16. 105,635 shares of the company were exchanged, compared to its average volume of 130,844. The company has a 50 day moving average of $3,704.16 and a two-hundred day moving average of $3,565.22. AutoZone, Inc. has a 52-week low of $2,894.02 and a 52-week high of $3,916.81. The firm has a market cap of $62.12 billion, a price-to-earnings ratio of 25.06, a PEG ratio of 2.21 and a beta of 0.39.

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). AutoZone had a negative return on equity of 56.07% and a net margin of 13.56%. The company had revenue of $4.46 billion for the quarter, compared to analysts' expectations of $4.41 billion. During the same quarter last year, the company earned $36.69 EPS. AutoZone's revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities research analysts predict that AutoZone, Inc. will post 152.94 EPS for the current 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.