AutoZone, Inc. (NYSE:AZO) Shares Sold by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC reduced its stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 70.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 198 shares of the company's stock after selling 472 shares during the quarter. Dynamic Advisor Solutions LLC's holdings in AutoZone were worth $755,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AZO. Headlands Technologies LLC bought a new position in AutoZone during the 4th quarter valued at about $29,000. Flagship Wealth Advisors LLC bought a new stake in shares of AutoZone during the 4th quarter worth approximately $32,000. Harbour Investments Inc. boosted its holdings in AutoZone by 42.9% during the 4th 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 purchased a new position in AutoZone during the 4th quarter valued at $45,000. Finally, MV Capital Management Inc. grew its position in AutoZone by 128.6% in the 1st quarter. MV Capital Management Inc. now owns 16 shares of the company's stock valued at $61,000 after acquiring an additional 9 shares during the last quarter. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Chairman William C. Rhodes III sold 27,500 shares of the business's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $3,708.93, for a total transaction of $101,995,575.00. Following the transaction, the chairman now owns 8,546 shares of the company's stock, valued at approximately $31,696,515.78. The trade was a 76.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Richard Craig Smith sold 2,850 shares of the company's stock in a transaction dated 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 sale, the vice president now directly owns 2,924 shares of the company's stock, valued at $10,555,640. This represents a 49.36% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,762 shares of company stock worth $147,189,762. 2.10% of the stock is owned by corporate insiders.

AutoZone Stock Performance

AZO stock traded down $4.75 during midday trading on Wednesday, reaching $3,599.90. The stock had a trading volume of 131,695 shares, compared to its average volume of 128,877. The firm has a fifty day simple moving average of $3,698.61 and a two-hundred day simple moving average of $3,515.00. AutoZone, Inc. has a 52-week low of $2,801.49 and a 52-week high of $3,916.81. The stock has a market cap of $60.41 billion, a PE ratio of 24.36, a P/E/G ratio of 2.15 and a beta of 0.40.

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 the consensus estimate of $37.07 by ($1.71). The firm had revenue of $4.46 billion during 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 company's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $36.69 earnings per share. On average, sell-side analysts predict that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Analysts Set New Price Targets

AZO has been the subject of a number of recent analyst reports. Truist Financial set a $3,995.00 target price on shares of AutoZone in a research note on Friday, May 23rd. Argus lowered shares of AutoZone from a "buy" rating to a "hold" rating in a report on Wednesday, March 5th. Raymond James Financial restated a "strong-buy" rating on shares of AutoZone in a research note on Wednesday, May 28th. Evercore ISI set a $3,950.00 price target on shares of AutoZone in a research note on Monday, May 19th. Finally, The Goldman Sachs Group set a $3,811.00 price target on AutoZone in a report on Friday, May 23rd. Two equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $4,072.24.

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.