AutoZone, Inc. (NYSE:AZO) Holdings Raised by Waverly Advisors LLC

Waverly Advisors LLC boosted its stake in AutoZone, Inc. (NYSE:AZO - Free Report) by 25.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 392 shares of the company's stock after buying an additional 80 shares during the period. Waverly Advisors LLC's holdings in AutoZone were worth $1,254,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AZO. Headlands Technologies LLC acquired a new position in AutoZone in the fourth quarter valued at approximately $29,000. Flagship Wealth Advisors LLC acquired a new position in AutoZone in the fourth quarter valued at approximately $32,000. Harbour Investments Inc. boosted 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 purchasing an additional 3 shares in the last quarter. Minot DeBlois Advisors LLC acquired a new position in AutoZone in the fourth quarter valued at approximately $45,000. Finally, Itau Unibanco Holding S.A. boosted its holdings in AutoZone by 750.0% in the fourth quarter. Itau Unibanco Holding S.A. now owns 17 shares of the company's stock valued at $54,000 after purchasing an additional 15 shares in the last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.

AutoZone Stock Down 3.7%

Shares of NYSE AZO traded down $140.40 during midday trading on Tuesday, hitting $3,686.07. The stock had a trading volume of 322,009 shares, compared to its average volume of 129,500. The company has a market capitalization of $61.86 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 1.86 and a beta of 0.44. AutoZone, Inc. has a 1-year low of $2,728.97 and a 1-year high of $3,916.81. The company has a fifty day moving average price of $3,692.06 and a 200 day moving average price of $3,455.58.

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 during the quarter, compared to analyst estimates of $4.41 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The business's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $36.69 earnings per share. On average, research analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AZO. Wedbush reissued an "outperform" rating and issued a $3,700.00 price objective on shares of AutoZone in a report on Wednesday, March 5th. The Goldman Sachs Group set a $3,811.00 price target on AutoZone in a report on Friday. BMO Capital Markets raised their target price on AutoZone from $3,700.00 to $3,850.00 and gave the company an "outperform" rating in a report on Wednesday, March 5th. Evercore ISI set a $3,950.00 target price on AutoZone in a report on Monday, May 19th. Finally, Wall Street Zen upgraded AutoZone from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Two research analysts have rated the stock with a hold rating, eighteen have given a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat.com, AutoZone currently has an average rating of "Buy" and a consensus target price of $3,966.76.

Insider Buying and Selling

In related news, SVP Bailey L. Childress sold 160 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the completion of the transaction, the senior vice president now directly owns 50 shares in the company, valued at $177,500. This represents a 76.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Domingo Hurtado sold 4,800 shares of the stock in a transaction on Tuesday, April 22nd. The stock was sold at an average price of $3,660.00, for a total value of $17,568,000.00. Following the completion of the transaction, the vice president now directly owns 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. In the last ninety days, insiders have sold 11,521 shares of company stock valued at $42,177,331. Corporate insiders own 2.10% of the company's stock.

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.