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

Focus Partners Advisor Solutions LLC raised its position in AutoZone, Inc. (NYSE:AZO - Free Report) by 153.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 340 shares of the company's stock after purchasing 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 SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in AutoZone during the 4th quarter valued at $29,000. Flagship Wealth Advisors LLC purchased a new position in AutoZone in the 4th quarter worth about $32,000. Harbour Investments Inc. lifted 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 buying an additional 3 shares in the last quarter. Minot DeBlois Advisors LLC purchased a new stake in AutoZone in the 4th quarter valued at about $45,000. Finally, Itau Unibanco Holding S.A. boosted its position in AutoZone by 750.0% in the 4th quarter. Itau Unibanco Holding S.A. now owns 17 shares of the company's stock valued at $54,000 after buying an additional 15 shares during the period. Institutional investors own 92.74% of the company's stock.

Insiders Place Their Bets

In other news, CEO Philip B. Daniele sold 2,000 shares of the company's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $3,800.01, for a total value of $7,600,020.00. Following the sale, the chief executive officer now owns 163 shares in the company, valued at $619,401.63. This represents a 92.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Bailey L. Childress sold 160 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total value of $568,000.00. Following the sale, the senior vice president now directly owns 50 shares in the company, valued at approximately $177,500. This trade represents a 76.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,521 shares of company stock valued at $42,177,331. 2.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AZO has been the topic of several research analyst reports. Oppenheimer raised AutoZone from a "market perform" rating to an "outperform" rating and set a $4,600.00 price objective on the stock in a research note on Friday, May 2nd. UBS Group upped their price objective on shares of AutoZone from $4,025.00 to $4,260.00 and gave the stock a "buy" rating in a research note on Friday. BMO Capital Markets raised their target price on shares of AutoZone from $3,700.00 to $3,850.00 and gave the company an "outperform" rating in a research report on Wednesday, March 5th. Truist Financial set a $3,995.00 price target on shares of AutoZone in a research report on Friday. Finally, Morgan Stanley increased their price objective on shares of AutoZone from $3,750.00 to $4,000.00 and gave the company an "overweight" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, AutoZone currently has a consensus rating of "Buy" and an average price target of $4,033.10.

AutoZone Stock Performance

AZO stock traded up $76.68 during trading on Wednesday, reaching $3,772.34. The company had a trading volume of 78,584 shares, compared to its average volume of 129,312. The firm has a 50-day simple moving average of $3,694.38 and a 200-day simple moving average of $3,457.18. The company has a market cap of $63.31 billion, a price-to-earnings ratio of 25.22, 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.

AutoZone (NYSE:AZO - Get Free Report) last posted its quarterly 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 negative return on equity of 53.89% and a net margin of 14.18%. The company's quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $36.69 EPS. Sell-side analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current year.

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.