CHURCHILL MANAGEMENT Corp Has $14.55 Million Stock Position in AutoZone, Inc. (NYSE:AZO)

CHURCHILL MANAGEMENT Corp lifted its stake in AutoZone, Inc. (NYSE:AZO - Free Report) by 4.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,815 shares of the company's stock after buying an additional 155 shares during the period. CHURCHILL MANAGEMENT Corp's holdings in AutoZone were worth $14,546,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its stake in AutoZone by 435,031.1% during the first quarter. GAMMA Investing LLC now owns 770,182 shares of the company's stock worth $2,936,535,000 after acquiring an additional 770,005 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in AutoZone by 5.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 324,616 shares of the company's stock valued at $1,039,421,000 after purchasing an additional 17,518 shares during the last quarter. Norges Bank acquired a new position in AutoZone in the fourth quarter valued at about $834,556,000. Deutsche Bank AG grew its stake in AutoZone by 14.6% during the fourth quarter. Deutsche Bank AG now owns 204,822 shares of the company's stock worth $655,840,000 after buying an additional 26,036 shares during the last quarter. Finally, Northern Trust Corp grew its stake in AutoZone by 22.0% during the fourth quarter. Northern Trust Corp now owns 204,748 shares of the company's stock worth $655,603,000 after buying an additional 36,916 shares during the last quarter. Institutional investors own 92.74% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of AutoZone from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. JPMorgan Chase & Co. lifted their price objective on AutoZone from $3,830.00 to $4,350.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. Truist Financial set a $3,995.00 price objective on AutoZone in a research note on Friday, May 23rd. BMO Capital Markets restated an "outperform" rating and set a $4,100.00 target price (up previously from $3,850.00) on shares of AutoZone in a report on Wednesday, May 28th. Finally, Raymond James Financial restated a "strong-buy" rating on shares of AutoZone in a research note on Wednesday, May 28th. Two analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $4,087.00.

AutoZone Price Performance

Shares of NYSE AZO traded down $18.34 during mid-day trading on Friday, hitting $3,667.00. The company's stock had a trading volume of 84,768 shares, compared to its average volume of 130,305. The stock has a market cap of $61.53 billion, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 2.25 and a beta of 0.39. The company's fifty day simple moving average is $3,700.47 and its 200-day simple moving average is $3,541.64. AutoZone, Inc. has a one year low of $2,801.49 and a one year high of $3,916.81.

AutoZone (NYSE:AZO - Get Free Report) last announced 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 net margin of 13.56% and a negative return on equity of 56.07%. AutoZone's revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $36.69 earnings per share. On average, sell-side analysts predict that AutoZone, Inc. will post 152.94 EPS for the current year.

Insider Buying and Selling

In related news, Chairman William C. Rhodes III sold 27,500 shares of AutoZone stock in a transaction on 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 completion of the sale, the chairman directly owned 8,546 shares of the company's stock, valued at $31,696,515.78. The trade was a 76.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Domingo Hurtado sold 4,800 shares of the company's stock in a transaction dated Tuesday, April 22nd. The shares were 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 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 35,662 shares of company stock valued at $131,999,089 over the last 90 days. Company insiders own 2.10% of the company's stock.

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.