AutoZone, Inc. (NYSE:AZO) Shares Sold by Blue Zone Wealth Advisors LLC

Blue Zone Wealth Advisors LLC lowered its stake in AutoZone, Inc. (NYSE:AZO - Free Report) by 8.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,305 shares of the company's stock after selling 211 shares during the period. AutoZone makes up about 2.4% of Blue Zone Wealth Advisors LLC's investment portfolio, making the stock its 6th largest holding. Blue Zone Wealth Advisors LLC's holdings in AutoZone were worth $8,788,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Pittenger & Anderson Inc. increased its holdings in shares of AutoZone by 5.2% in the fourth quarter. Pittenger & Anderson Inc. now owns 61 shares of the company's stock valued at $195,000 after buying an additional 3 shares in the last quarter. Sound View Wealth Advisors Group LLC grew its position in AutoZone by 2.0% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 152 shares of the company's stock worth $487,000 after purchasing an additional 3 shares in the last quarter. PDS Planning Inc grew its position in AutoZone by 2.3% during the 4th quarter. PDS Planning Inc now owns 132 shares of the company's stock worth $423,000 after purchasing an additional 3 shares in the last quarter. Harbour Investments Inc. grew its position in AutoZone by 42.9% during the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company's stock worth $32,000 after purchasing an additional 3 shares in the last quarter. Finally, Meeder Advisory Services Inc. grew its position in AutoZone by 0.8% during the 4th quarter. Meeder Advisory Services Inc. now owns 371 shares of the company's stock worth $1,188,000 after purchasing an additional 3 shares in the last quarter. Institutional investors own 92.74% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. The Goldman Sachs Group set a $3,811.00 price objective on shares of AutoZone in a research report on Friday, May 23rd. Roth Mkm lifted their price objective on shares of AutoZone from $3,634.00 to $3,763.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Roth Capital set a $4,135.00 price objective on shares of AutoZone and gave the stock a "buy" rating in a research report on Monday, June 2nd. UBS Group lifted 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. Finally, Argus cut shares of AutoZone from a "buy" rating to a "hold" rating in a report on Wednesday, March 5th. Two investment 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's stock. Based on data from MarketBeat, AutoZone presently has an average rating of "Buy" and an average target price of $4,072.24.

AutoZone Price Performance

NYSE:AZO traded down $6.32 during trading hours on Friday, reaching $3,718.93. The company's stock had a trading volume of 98,851 shares, compared to its average volume of 128,826. The company has a market cap of $62.41 billion, a price-to-earnings ratio of 24.85, a price-to-earnings-growth ratio of 1.86 and a beta of 0.40. AutoZone, Inc. has a one year low of $2,765.82 and a one year high of $3,916.81. The business's 50-day moving average is $3,693.79 and its 200-day moving average is $3,490.13.

AutoZone (NYSE:AZO - Get Free Report) last issued its quarterly earnings data on Tuesday, May 27th. The company reported $35.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $37.07 by ($1.71). The business had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.41 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The company's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $36.69 earnings per share. On average, sell-side analysts predict that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other AutoZone news, VP Richard Craig Smith sold 2,850 shares of the business's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $3,610.00, for a total transaction of $10,288,500.00. Following the completion of the transaction, the vice president now owns 2,924 shares of the company's stock, valued at $10,555,640. The trade was a 49.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Philip B. Daniele sold 2,000 shares of the business's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $3,800.01, for a total transaction of $7,600,020.00. Following the transaction, the chief executive officer now directly owns 163 shares of the company's stock, valued at approximately $619,401.63. This represents a 92.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,398 shares of company stock valued at $45,676,997 in the last quarter. Insiders own 2.10% of the company's stock.

AutoZone Company 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.