AutoZone, Inc. (NYSE:AZO) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp decreased its holdings in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 6.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,754 shares of the company's stock after selling 1,806 shares during the quarter. Boston Trust Walden Corp owned 0.17% of AutoZone worth $105,820,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of AZO. State of Alaska Department of Revenue grew its stake in AutoZone by 1.2% in the 1st quarter. State of Alaska Department of Revenue now owns 2,965 shares of the company's stock worth $11,304,000 after acquiring an additional 35 shares in the last quarter. Kingswood Wealth Advisors LLC increased its stake in shares of AutoZone by 22.8% during the first quarter. Kingswood Wealth Advisors LLC now owns 485 shares of the company's stock valued at $1,849,000 after buying an additional 90 shares during the period. Sagespring Wealth Partners LLC grew its holdings in AutoZone by 33.1% during the 1st quarter. Sagespring Wealth Partners LLC now owns 201 shares of the company's stock worth $766,000 after acquiring an additional 50 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in shares of AutoZone in the 1st quarter worth approximately $687,000. Finally, Mission Wealth Management LP raised its stake in AutoZone by 12.2% in the first quarter. Mission Wealth Management LP now owns 110 shares of the company's stock worth $420,000 after buying an additional 12 shares in the last quarter. 92.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. The Goldman Sachs Group set a $3,811.00 price target on AutoZone in a research report on Friday, May 23rd. Wall Street Zen upgraded shares of AutoZone from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. 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. Evercore ISI set a $3,950.00 price objective on shares of AutoZone in a research report on Monday, May 19th. Finally, Mizuho increased their target price on shares of AutoZone from $3,600.00 to $3,740.00 and gave the company an "outperform" rating in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $4,072.24.

Insider Transactions at AutoZone

In related news, Chairman William C. Rhodes III sold 27,500 shares of the firm's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $3,708.93, for a total transaction of $101,995,575.00. Following the sale, the chairman now directly owns 8,546 shares of the company's stock, valued at $31,696,515.78. This trade represents a 76.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Domingo Hurtado sold 4,800 shares of the company's stock in a transaction that occurred 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 sale, the vice president now owns 159 shares in the company, valued at approximately $581,940. This represents a 96.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,912 shares of company stock worth $136,901,262 over the last 90 days. 2.10% of the stock is currently owned by company insiders.

AutoZone Stock Performance

NYSE AZO traded down $4.75 during trading hours on Thursday, reaching $3,599.90. The stock had a trading volume of 131,695 shares, compared to its average volume of 128,909. AutoZone, Inc. has a 52-week low of $2,801.49 and a 52-week high of $3,916.81. The stock has a fifty day moving average of $3,699.42 and a 200 day moving average of $3,515.58. The stock has a market cap of $60.41 billion, a P/E ratio of 24.36, a price-to-earnings-growth ratio of 2.16 and a beta of 0.40.

AutoZone (NYSE:AZO - Get Free Report) last posted its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $4.41 billion. AutoZone had a negative return on equity of 56.07% and a net margin of 13.56%. The business's quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business posted $36.69 earnings per share. On average, equities research analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current year.

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.