Banco Santander S.A. increased its position in AutoZone, Inc. (NYSE:AZO - Free Report) by 98.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 829 shares of the company's stock after purchasing an additional 411 shares during the period. Banco Santander S.A.'s holdings in AutoZone were worth $3,161,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the company. Headlands Technologies LLC acquired a new position in AutoZone in the 4th quarter valued at about $29,000. Cornerstone Planning Group LLC purchased a new position in shares of AutoZone in the 1st quarter valued at approximately $44,000. Minot DeBlois Advisors LLC acquired a new position in shares of AutoZone in the fourth quarter valued at approximately $45,000. Tradewinds Capital Management LLC raised its stake in shares of AutoZone by 30.0% during the first quarter. Tradewinds Capital Management LLC now owns 13 shares of the company's stock worth $50,000 after purchasing an additional 3 shares during the last quarter. Finally, Golden State Wealth Management LLC lifted its holdings in shares of AutoZone by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 14 shares of the company's stock worth $53,000 after purchasing an additional 7 shares during the period. 92.74% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. UBS Group upped their price objective on shares of AutoZone from $4,025.00 to $4,260.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Mizuho lifted their price objective on AutoZone from $3,740.00 to $4,050.00 and gave the company an "outperform" rating in a report on Thursday, July 3rd. Oppenheimer raised AutoZone from a "market perform" rating to an "outperform" rating and set a $4,600.00 price target for the company in a report on Friday, May 2nd. Truist Financial set a $3,995.00 price objective on AutoZone in a report on Friday, May 23rd. Finally, Roth Capital set a $4,135.00 target price on AutoZone and gave the company a "buy" rating in a report on Monday, June 2nd. Two equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, AutoZone has an average rating of "Buy" and a consensus target price of $4,087.00.
View Our Latest Research Report on AutoZone
AutoZone Trading Up 1.7%
AZO stock traded up $69.97 during midday trading on Wednesday, hitting $4,081.22. 109,255 shares of the company's stock were exchanged, compared to its average volume of 118,641. AutoZone, Inc. has a 12-month low of $2,898.57 and a 12-month high of $4,094.69. The stock has a market capitalization of $68.48 billion, a price-to-earnings ratio of 27.62, a price-to-earnings-growth ratio of 2.39 and a beta of 0.38. The firm has a 50 day moving average price of $3,716.88 and a 200-day moving average price of $3,628.70.
AutoZone (NYSE:AZO - Get Free Report) last issued 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). 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 the consensus estimate of $4.41 billion. During the same period in the previous year, the business posted $36.69 EPS. The business's revenue for the quarter was up 5.4% on a year-over-year basis. On average, sell-side analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.
Insider Buying and Selling at AutoZone
In related news, SVP K. Michelle Borninkhof sold 750 shares of AutoZone stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $3,597.13, for a total value of $2,697,847.50. Following the sale, the senior vice president directly owned 406 shares in the company, valued at $1,460,434.78. This trade represents a 64.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jamere Jackson sold 2,612 shares of AutoZone stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 427 shares in the company, valued at approximately $1,591,877.35. This trade represents a 85.95% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,862 shares of company stock valued at $126,058,789. Corporate insiders own 2.10% of the company's stock.
About AutoZone
(
Free Report)
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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