AutoZone, Inc. (NYSE:AZO) Position Increased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. increased its holdings in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 105.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 313 shares of the company's stock after buying an additional 161 shares during the period. Crossmark Global Holdings Inc.'s holdings in AutoZone were worth $1,193,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Headlands Technologies LLC purchased a new stake in AutoZone in the 4th quarter valued at $29,000. Flagship Wealth Advisors LLC purchased a new stake in AutoZone in the 4th quarter valued at $32,000. Harbour Investments Inc. raised its position in AutoZone by 42.9% in the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company's stock valued at $32,000 after purchasing an additional 3 shares during the last quarter. Minot DeBlois Advisors LLC purchased a new stake in AutoZone in the 4th quarter valued at $45,000. Finally, Tradewinds Capital Management LLC raised its position in AutoZone by 30.0% during the 1st quarter. Tradewinds Capital Management LLC now owns 13 shares of the company's stock worth $50,000 after buying an additional 3 shares during the last quarter. 92.74% of the stock is owned by hedge funds and other institutional investors.

AutoZone Stock Performance

Shares of AutoZone stock traded up $60.50 during trading hours on Monday, reaching $3,766.14. The company's stock had a trading volume of 125,984 shares, compared to its average volume of 130,828. The company's 50 day simple moving average is $3,704.16 and its 200 day simple moving average is $3,565.22. AutoZone, Inc. has a one year low of $2,894.02 and a one year high of $3,916.81. The stock has a market cap of $63.20 billion, a P/E ratio of 25.49, a price-to-earnings-growth ratio of 2.21 and a beta of 0.39.

AutoZone (NYSE:AZO - Get Free Report) last released its quarterly earnings results on Tuesday, May 27th. The company reported $35.36 EPS 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 the consensus estimate of $4.41 billion. AutoZone had a negative return on equity of 56.07% and a net margin of 13.56%. The firm's revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $36.69 EPS. On average, sell-side analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Insider Activity

In related 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 value of $9,737,666.60. Following the completion of the transaction, the chief financial officer owned 427 shares in the company, valued at $1,591,877.35. This represents a 85.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Domingo Hurtado sold 4,800 shares of the stock in a transaction dated Tuesday, April 22nd. The shares were sold at an average price of $3,660.00, for a total transaction of $17,568,000.00. Following the completion of the transaction, the vice president owned 159 shares of the company's stock, valued at $581,940. This represents a 96.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,662 shares of company stock worth $131,999,089 over the last ninety days. Insiders own 2.10% of the company's stock.

Wall Street Analysts Forecast Growth

AZO has been the topic of a number of research reports. Truist Financial set a $3,995.00 price objective on shares of AutoZone in a research note on Friday, May 23rd. Evercore ISI set a $3,950.00 target price on shares of AutoZone in a report on Monday, May 19th. Wells Fargo & Company set a $4,200.00 price target on shares of AutoZone and gave the company an "overweight" rating in a research report on Monday, May 19th. Mizuho lifted their price target on shares of AutoZone from $3,740.00 to $4,050.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. Finally, Roth Capital set a $4,135.00 price target on shares of AutoZone and gave the company a "buy" rating in a research report on Monday, June 2nd. Two equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, AutoZone currently has an average rating of "Buy" and a consensus target price of $4,087.00.

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.