AutoZone, Inc. (NYSE:AZO) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lessened its holdings in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 2.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,373 shares of the company's stock after selling 99 shares during the period. Oppenheimer & Co. Inc.'s holdings in AutoZone were worth $12,861,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Colonial Trust Co SC boosted its position 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 purchasing an additional 12 shares in the last quarter. Comerica Bank boosted its position in AutoZone by 5.4% during the fourth quarter. Comerica Bank now owns 4,262 shares of the company's stock worth $13,647,000 after purchasing an additional 217 shares in the last quarter. Barclays PLC boosted its position in AutoZone by 82.6% during the fourth quarter. Barclays PLC now owns 170,216 shares of the company's stock worth $545,033,000 after purchasing an additional 77,015 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in AutoZone by 13.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 66,016 shares of the company's stock worth $211,383,000 after purchasing an additional 7,586 shares in the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV boosted its position in AutoZone by 10.1% during the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 2,954 shares of the company's stock worth $11,267,000 after purchasing an additional 271 shares in the last quarter. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Chairman William C. Rhodes III sold 27,500 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $3,708.93, for a total value of $101,995,575.00. Following the completion of the sale, the chairman now owns 8,546 shares in the company, valued at approximately $31,696,515.78. This trade represents a 76.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Philip B. Daniele sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $3,800.01, for a total value of $7,600,020.00. Following the sale, the chief executive officer now owns 163 shares of the company's stock, valued at approximately $619,401.63. This trade represents a 92.46% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,912 shares of company stock worth $136,901,262. 2.10% of the stock is currently owned by corporate insiders.

AutoZone Price Performance

AutoZone stock opened at $3,644.12 on Monday. The stock's 50-day moving average is $3,698.71 and its 200-day moving average is $3,526.24. The company has a market cap of $61.15 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 2.19 and a beta of 0.40. AutoZone, Inc. has a 12 month low of $2,801.49 and a 12 month high of $3,916.81.

AutoZone (NYSE:AZO - Get Free Report) last released its quarterly earnings data on Tuesday, May 27th. The company reported $35.36 EPS for the quarter, missing analysts' consensus estimates of $37.07 by ($1.71). The firm had revenue of $4.46 billion during the quarter, compared to analysts' expectations of $4.41 billion. AutoZone had a negative return on equity of 56.07% and a net margin of 13.56%. The business's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the business earned $36.69 earnings per share. Research analysts anticipate that AutoZone, Inc. will post 152.94 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on AZO. Wells Fargo & Company set a $4,200.00 target price on AutoZone and gave the stock an "overweight" rating in a research report on Monday, May 19th. UBS Group upped their price objective on AutoZone from $4,025.00 to $4,260.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. BMO Capital Markets restated an "outperform" rating and issued a $4,100.00 price objective (up from $3,850.00) on shares of AutoZone in a research report on Wednesday, May 28th. The Goldman Sachs Group set a $3,811.00 price objective on AutoZone in a research report on Friday, May 23rd. Finally, Raymond James Financial restated a "strong-buy" rating on shares of AutoZone in a research 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. According to data from MarketBeat.com, AutoZone has an average rating of "Buy" and a consensus price target of $4,072.24.

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.

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