AutoZone, Inc. (NYSE:AZO) Shares Bought by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC raised its holdings in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 153.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 340 shares of the company's stock after acquiring an additional 206 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in AutoZone were worth $1,089,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Headlands Technologies LLC purchased a new position in AutoZone in the fourth quarter valued at approximately $29,000. Flagship Wealth Advisors LLC acquired a new stake in AutoZone during the 4th quarter worth $32,000. Harbour Investments Inc. lifted its position 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 last quarter. Minot DeBlois Advisors LLC acquired a new position in AutoZone in the fourth quarter valued at $45,000. Finally, Itau Unibanco Holding S.A. grew 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 worth $54,000 after purchasing an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 92.74% of the company's stock.

AutoZone Stock Down 3.7%

Shares of NYSE AZO traded down $140.40 during midday trading on Tuesday, hitting $3,686.07. The company had a trading volume of 275,384 shares, compared to its average volume of 129,492. The firm has a market capitalization of $61.86 billion, a price-to-earnings ratio of 24.63, a price-to-earnings-growth ratio of 1.86 and a beta of 0.44. AutoZone, Inc. has a twelve month low of $2,728.97 and a twelve month high of $3,916.81. The business has a 50-day simple moving average of $3,692.06 and a two-hundred day simple moving average of $3,455.58.

AutoZone (NYSE:AZO - Get Free Report) last issued its 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 company had revenue of $4.46 billion during the quarter, compared to analysts' expectations of $4.41 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The company's quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the business posted $36.69 earnings per share. On average, equities analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current year.

Insider Activity at AutoZone

In other AutoZone news, CEO Philip B. Daniele sold 2,000 shares of AutoZone stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $3,800.01, for a total transaction of $7,600,020.00. Following the completion of the transaction, the chief executive officer now owns 163 shares in the company, valued at approximately $619,401.63. The trade was a 92.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Dennis W. Leriche sold 1,575 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $3,600.00, for a total value of $5,670,000.00. Following the sale, the vice president now owns 417 shares in the company, valued at approximately $1,501,200. This trade represents a 79.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,521 shares of company stock valued at $42,177,331 in the last ninety days. Corporate insiders own 2.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wedbush reiterated an "outperform" rating and set a $3,700.00 target price on shares of AutoZone in a research report on Wednesday, March 5th. Oppenheimer upgraded AutoZone from a "market perform" rating to an "outperform" rating and set a $4,600.00 price objective for the company in a research note on Friday, May 2nd. Roth Mkm raised their target price on shares of AutoZone from $3,634.00 to $3,763.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Morgan Stanley lifted their target price on shares of AutoZone from $3,490.00 to $3,750.00 and gave the company an "overweight" rating in a report on Wednesday, March 5th. Finally, Raymond James reissued a "strong-buy" rating on shares of AutoZone in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $3,966.76.

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.