Handelsbanken Fonder AB Purchases 199 Shares of AutoZone, Inc. (NYSE:AZO)

Handelsbanken Fonder AB grew its holdings in AutoZone, Inc. (NYSE:AZO - Free Report) by 2.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,290 shares of the company's stock after acquiring an additional 199 shares during the period. Handelsbanken Fonder AB owned about 0.06% of AutoZone worth $35,421,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AZO. Headlands Technologies LLC acquired a new stake in shares of AutoZone during the fourth quarter worth approximately $29,000. Flagship Wealth Advisors LLC acquired a new position in AutoZone during the fourth quarter worth about $32,000. Harbour Investments Inc. lifted its stake in AutoZone by 42.9% during 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 stake in shares of AutoZone during the fourth quarter valued at approximately $45,000. Finally, Itau Unibanco Holding S.A. lifted its position in shares of AutoZone by 750.0% in the 4th quarter. Itau Unibanco Holding S.A. now owns 17 shares of the company's stock valued at $54,000 after acquiring an additional 15 shares in the last quarter. Institutional investors and hedge funds own 92.74% of the company's stock.

AutoZone Stock Performance

AutoZone stock traded down $7.89 during mid-day trading on Thursday, reaching $3,650.70. The company's stock had a trading volume of 79,018 shares, compared to its average volume of 128,699. The business's 50 day simple moving average is $3,689.09 and its 200 day simple moving average is $3,499.76. AutoZone, Inc. has a 12 month low of $2,792.14 and a 12 month high of $3,916.81. The company has a market capitalization of $61.27 billion, a price-to-earnings ratio of 24.39, a price-to-earnings-growth ratio of 1.86 and a beta of 0.40.

AutoZone (NYSE:AZO - Get Free Report) last released 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). The firm had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.41 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The firm's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $36.69 earnings per share. As a group, sell-side analysts expect that AutoZone, Inc. will post 152.94 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group set a $3,811.00 target price on shares of AutoZone in a research report on Friday, May 23rd. Truist Financial set a $3,995.00 price objective on AutoZone in a report on Friday, May 23rd. Evercore ISI set a $3,950.00 target price on AutoZone in a research note on Monday, May 19th. Raymond James reaffirmed a "strong-buy" rating on shares of AutoZone in a research note on Wednesday, May 28th. Finally, Wall Street Zen upgraded AutoZone from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Two equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $4,072.24.

Insider Transactions at AutoZone

In other AutoZone news, CFO Jamere Jackson sold 2,612 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $3,728.05, for a total transaction of $9,737,666.60. Following the sale, the chief financial officer now directly owns 427 shares in the company, valued at $1,591,877.35. This represents a 85.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Domingo Hurtado sold 4,800 shares of the company's stock in a transaction that occurred on 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 sale, the vice president now directly owns 159 shares of the company's stock, valued at approximately $581,940. This trade represents a 96.79% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,262 shares of company stock valued at $45,194,187. 2.10% of the stock is owned by corporate insiders.

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.