D.A. Davidson & CO. Buys 174 Shares of AutoZone, Inc. (NYSE:AZO)

D.A. Davidson & CO. increased its stake in AutoZone, Inc. (NYSE:AZO - Free Report) by 15.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,281 shares of the company's stock after purchasing an additional 174 shares during the period. D.A. Davidson & CO.'s holdings in AutoZone were worth $4,884,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Headlands Technologies LLC bought a new position in shares of AutoZone in the fourth quarter worth approximately $29,000. Flagship Wealth Advisors LLC bought a new position in shares of AutoZone in the fourth quarter worth approximately $32,000. Harbour Investments Inc. increased its position in shares of AutoZone by 42.9% in the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company's stock worth $32,000 after purchasing an additional 3 shares during the last quarter. Tradewinds Capital Management LLC boosted its stake in AutoZone by 30.0% in the first quarter. Tradewinds Capital Management LLC now owns 13 shares of the company's stock worth $50,000 after buying an additional 3 shares in the last quarter. Finally, Minot DeBlois Advisors LLC purchased a new stake in AutoZone in the fourth quarter worth approximately $45,000. 92.74% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, SVP K. Michelle Borninkhof sold 750 shares of the firm's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $3,597.13, for a total transaction of $2,697,847.50. Following the completion of the transaction, the senior vice president directly owned 406 shares in the company, valued at $1,460,434.78. This trade represents a 64.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman William C. Rhodes III sold 27,500 shares of the firm's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $3,708.93, for a total value of $101,995,575.00. Following the transaction, the chairman 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 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 ninety days. Insiders own 2.10% of the company's stock.

AutoZone Trading Down 0.5%

AZO opened at $3,667.00 on Friday. The stock has a fifty day simple moving average of $3,701.69 and a two-hundred day simple moving average of $3,544.02. The company 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. AutoZone, Inc. has a 12-month low of $2,801.49 and a 12-month high of $3,916.81.

AutoZone (NYSE:AZO - Get Free Report) last posted 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). AutoZone had a negative return on equity of 56.07% and a net margin of 13.56%. The firm had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.41 billion. During the same quarter last year, the company posted $36.69 EPS. AutoZone's revenue for the quarter was up 5.4% compared to the same quarter last year. On average, analysts predict that AutoZone, Inc. will post 152.94 EPS for the current year.

Analyst Ratings Changes

AZO has been the subject of a number of analyst reports. Truist Financial set a $3,995.00 price objective on AutoZone in a research note on Friday, May 23rd. Wells Fargo & Company set a $4,200.00 price objective on AutoZone and gave the company an "overweight" rating in a research note on Monday, May 19th. Bank of America raised AutoZone from a "neutral" rating to a "buy" rating and increased their price objective for the company from $3,900.00 to $4,800.00 in a research note on Wednesday, May 21st. Guggenheim increased their price objective on AutoZone from $3,850.00 to $4,100.00 and gave the company a "buy" rating in a research note on Wednesday, May 28th. Finally, DA Davidson increased their price objective on AutoZone from $4,192.00 to $4,850.00 and gave the company a "buy" rating in a research note on Wednesday, May 28th. Two equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, AutoZone has a consensus rating of "Buy" and an average target price of $4,087.00.

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.

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