G&S Capital LLC Purchases Shares of 101 AutoZone, Inc. (NYSE:AZO)

G&S Capital LLC purchased a new position in 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. The fund purchased 101 shares of the company's stock, valued at approximately $385,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AZO. Blue Trust Inc. lifted its position in shares of AutoZone by 3.5% in the first quarter. Blue Trust Inc. now owns 89 shares of the company's stock worth $339,000 after buying an additional 3 shares in the last quarter. Colonial Trust Co SC raised its holdings in shares of AutoZone by 24.5% during the 4th quarter. Colonial Trust Co SC now owns 61 shares of the company's stock worth $197,000 after acquiring an additional 12 shares in the last quarter. Comerica Bank boosted its position in shares of AutoZone by 5.4% during the 4th quarter. Comerica Bank now owns 4,262 shares of the company's stock valued at $13,647,000 after acquiring an additional 217 shares during the last quarter. Barclays PLC grew its holdings in shares of AutoZone by 82.6% in the fourth quarter. Barclays PLC now owns 170,216 shares of the company's stock valued at $545,033,000 after purchasing an additional 77,015 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of AutoZone by 13.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 66,016 shares of the company's stock valued at $211,383,000 after purchasing an additional 7,586 shares in the last quarter. Institutional investors own 92.74% of the company's stock.

AutoZone Trading Up 2.4%

Shares of AZO opened at $3,606.82 on Monday. The firm has a fifty day moving average price of $3,694.76 and a 200-day moving average price of $3,534.79. The firm has a market capitalization of $60.52 billion, a P/E ratio of 24.41, a P/E/G ratio of 2.16 and a beta of 0.40. 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 released 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 company had revenue of $4.46 billion during the quarter, compared to analysts' expectations of $4.41 billion. AutoZone had a net margin of 13.56% and a negative return on equity of 56.07%. AutoZone's quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm earned $36.69 earnings per share. Analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Insider Activity at AutoZone

In other news, VP Domingo Hurtado sold 4,800 shares of the firm's stock in a transaction on Tuesday, April 22nd. The stock was sold at an average price of $3,660.00, for a total transaction of $17,568,000.00. Following the transaction, the vice president now owns 159 shares in the company, valued at approximately $581,940. This trade represents a 96.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman William C. Rhodes III sold 27,500 shares of the stock in a transaction dated Tuesday, June 10th. The stock was 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 in the company, valued at approximately $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. Over the last quarter, insiders sold 35,662 shares of company stock worth $131,999,089. Company insiders own 2.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Bank of America upgraded shares of 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 report on Wednesday, May 21st. Roth Mkm upped their target price on shares of AutoZone from $3,634.00 to $3,763.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Raymond James Financial reiterated a "strong-buy" rating on shares of AutoZone in a research report on Wednesday, May 28th. BMO Capital Markets reissued an "outperform" rating and set a $4,100.00 price objective (up from $3,850.00) on shares of AutoZone in a research note on Wednesday, May 28th. Finally, Oppenheimer upgraded AutoZone from a "market perform" rating to an "outperform" rating and set a $4,600.00 price objective on the stock in a research report on Friday, May 2nd. Two analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, AutoZone has a consensus rating of "Buy" and a consensus price target of $4,072.24.

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.

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