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Bank Julius Baer & Co. Ltd Zurich Makes New $743,000 Investment in AutoZone, Inc. (NYSE:AZO)

AutoZone logo with Retail/Wholesale background

Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 195 shares of the company's stock, valued at approximately $743,000.

A number of other large investors also recently bought and sold shares of the stock. Obermeyer Wealth Partners purchased a new position in AutoZone during the first quarter worth approximately $225,000. Crestwood Advisors Group LLC raised its stake in shares of AutoZone by 19.2% in the 1st quarter. Crestwood Advisors Group LLC now owns 180 shares of the company's stock valued at $687,000 after acquiring an additional 29 shares during the period. Edgemoor Investment Advisors Inc. purchased a new position in shares of AutoZone in the 1st quarter valued at $229,000. Teachers Retirement System of The State of Kentucky raised its stake in shares of AutoZone by 1.7% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 20,413 shares of the company's stock valued at $77,830,000 after acquiring an additional 350 shares during the period. Finally, Buckhead Capital Management LLC raised its stake in shares of AutoZone by 0.9% in the 1st quarter. Buckhead Capital Management LLC now owns 1,573 shares of the company's stock valued at $5,998,000 after acquiring an additional 14 shares during the period. Hedge funds and other institutional investors own 92.74% of the company's stock.

Insider Activity

In related news, VP Richard Craig Smith sold 3,000 shares of AutoZone stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $3,875.90, for a total value of $11,627,700.00. Following the sale, the vice president directly owned 2,925 shares in the company, valued at $11,337,007.50. This trade represents a 50.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman William C. Rhodes III sold 27,500 shares of AutoZone stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $3,708.93, for a total transaction of $101,995,575.00. Following the completion of the sale, the chairman owned 8,546 shares in the company, valued at approximately $31,696,515.78. This represents a 76.29% decrease in their ownership of the stock. 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. 2.10% of the stock is owned by company insiders.

Analyst Ratings Changes

AZO has been the topic of a number of research reports. UBS Group raised their target price on shares of AutoZone from $4,025.00 to $4,260.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Wells Fargo & Company set a $4,200.00 target price on shares of AutoZone and gave the company an "overweight" rating in a research note on Monday, May 19th. Morgan Stanley reissued an "overweight" rating and issued a $4,000.00 target price (up previously from $3,750.00) on shares of AutoZone in a research note on Wednesday, May 28th. Raymond James Financial reissued a "strong-buy" rating on shares of AutoZone in a research note on Wednesday, May 28th. Finally, Bank of America raised shares of AutoZone from a "neutral" rating to a "buy" rating and raised their target price for the company from $3,900.00 to $4,800.00 in a research note on Wednesday, May 21st. Two investment 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 MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $4,087.00.

Get Our Latest Research Report on AZO

AutoZone Stock Performance

Shares of NYSE AZO traded down $25.97 during midday trading on Monday, hitting $3,794.94. The company's stock had a trading volume of 11,622 shares, compared to its average volume of 132,669. The firm has a market cap of $63.68 billion, a P/E ratio of 25.69, a P/E/G ratio of 2.28 and a beta of 0.39. The firm's fifty day moving average price is $3,711.34 and its 200-day moving average price is $3,599.78. AutoZone, Inc. has a 1-year low of $2,898.57 and a 1-year high of $3,916.81.

AutoZone (NYSE:AZO - Get Free Report) last issued 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 the consensus estimate of $4.41 billion. AutoZone had a net margin of 13.56% and a negative return on equity of 56.07%. The company's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $36.69 earnings per share. As a group, research analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

AutoZone Profile

(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.

See Also

Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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