1,069 Shares in AutoZone, Inc. (NYSE:AZO) Acquired by Consolidated Planning Corp

Consolidated Planning Corp acquired a new stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,069 shares of the company's stock, valued at approximately $4,076,000.

Several other institutional investors have also recently made changes to their positions in AZO. Headlands Technologies LLC acquired a new stake in shares of AutoZone in the 4th quarter valued at about $29,000. Flagship Wealth Advisors LLC bought a new position in AutoZone in the fourth quarter worth approximately $32,000. Harbour Investments Inc. grew its stake in AutoZone by 42.9% in the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company's stock valued at $32,000 after acquiring an additional 3 shares during the period. Minot DeBlois Advisors LLC bought a new stake in shares of AutoZone during the fourth quarter valued at approximately $45,000. Finally, Itau Unibanco Holding S.A. increased its holdings in shares of AutoZone by 750.0% during the fourth quarter. Itau Unibanco Holding S.A. now owns 17 shares of the company's stock valued at $54,000 after acquiring an additional 15 shares in the last quarter. Institutional investors and hedge funds own 92.74% of the company's stock.

AutoZone Stock Up 0.9%

AZO stock traded up $30.94 during midday trading on Thursday, hitting $3,520.48. The company's stock had a trading volume of 204,154 shares, compared to its average volume of 129,494. The stock has a market cap of $59.07 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 2.09 and a beta of 0.40. The stock's 50-day moving average price is $3,694.65 and its 200 day moving average price is $3,530.39. AutoZone, Inc. has a 1 year low of $2,801.49 and a 1 year high of $3,916.81.

AutoZone (NYSE:AZO - Get Free Report) last released its earnings results on Tuesday, May 27th. The company reported $35.36 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 the consensus estimate of $4.41 billion. AutoZone had a negative return on equity of 56.07% and a net margin of 13.56%. The company's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $36.69 earnings per share. As a group, equities analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on AZO. The Goldman Sachs Group set a $3,811.00 target price on AutoZone in a report on Friday, May 23rd. Raymond James Financial reaffirmed a "strong-buy" rating on shares of AutoZone in a research note on Wednesday, May 28th. Morgan Stanley reiterated an "overweight" rating and set a $4,000.00 price objective (up from $3,750.00) on shares of AutoZone in a report on Wednesday, May 28th. JPMorgan Chase & Co. upped their target price on shares of AutoZone from $3,830.00 to $4,350.00 and gave the stock an "overweight" rating in a report on Friday, May 23rd. Finally, Bank of America upgraded AutoZone from a "neutral" rating to a "buy" rating and lifted their price target 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 assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, AutoZone currently has an average rating of "Buy" and a consensus price target of $4,072.24.

Insiders Place Their Bets

In related news, VP Domingo Hurtado sold 4,800 shares of AutoZone stock in a transaction dated 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 of the company's stock, valued at approximately $581,940. This trade represents a 96.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP K. Michelle Borninkhof sold 750 shares of the business's 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 completion of the sale, the senior vice president now owns 406 shares in the company, valued at $1,460,434.78. This represents a 64.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,662 shares of company stock valued at $131,999,089. Company 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.