Janney Montgomery Scott LLC lessened its stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 11.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,438 shares of the company's stock after selling 191 shares during the period. Janney Montgomery Scott LLC's holdings in AutoZone were worth $5,483,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of AZO. GAMMA Investing LLC lifted its holdings in AutoZone by 435,031.1% in the first quarter. GAMMA Investing LLC now owns 770,182 shares of the company's stock valued at $2,936,535,000 after acquiring an additional 770,005 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in shares of AutoZone by 482,040.2% in the 4th quarter. Proficio Capital Partners LLC now owns 419,462 shares of the company's stock valued at $1,343,117,000 after purchasing an additional 419,375 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of AutoZone by 5.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 324,616 shares of the company's stock worth $1,039,421,000 after purchasing an additional 17,518 shares during the period. Norges Bank acquired a new stake in shares of AutoZone during the 4th quarter worth about $834,556,000. Finally, Deutsche Bank AG increased its position in shares of AutoZone by 14.6% during the 4th quarter. Deutsche Bank AG now owns 204,822 shares of the company's stock worth $655,840,000 after purchasing an additional 26,036 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company's stock.
Insider Buying and Selling
In other AutoZone news, Chairman William C. Rhodes III sold 27,500 shares of the firm's stock in a transaction that occurred on 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 sale, the chairman now owns 8,546 shares of the company's stock, valued at approximately $31,696,515.78. This trade represents a 76.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP K. Michelle Borninkhof sold 750 shares of the company's stock in a transaction on Friday, June 20th. The shares were 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 now owns 406 shares of the company's stock, valued at approximately $1,460,434.78. The trade was a 64.88% decrease in their position. 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. Corporate insiders own 2.10% of the company's stock.
AutoZone Trading Up 0.9%
NYSE:AZO traded up $30.94 during mid-day trading on Thursday, hitting $3,520.48. The stock had a trading volume of 204,154 shares, compared to its average volume of 129,494. AutoZone, Inc. has a twelve month low of $2,801.49 and a twelve month high of $3,916.81. The stock has a 50-day simple moving average of $3,696.27 and a two-hundred day simple moving average of $3,529.06. The company has a market capitalization of $59.07 billion, a PE ratio of 23.83, a PEG ratio of 2.09 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 EPS for the quarter, missing analysts' consensus estimates 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 net margin of 13.56% and a negative return on equity of 56.07%. The company's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the company posted $36.69 earnings per share. Sell-side analysts predict that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on AZO shares. Wells Fargo & Company set a $4,200.00 target price on shares of AutoZone and gave the company an "overweight" rating in a research report on Monday, May 19th. BMO Capital Markets restated an "outperform" rating and issued a $4,100.00 price objective (up from $3,850.00) on shares of AutoZone in a report on Wednesday, May 28th. DA Davidson increased their price objective on shares of AutoZone from $4,192.00 to $4,850.00 and gave the stock a "buy" rating in a research report on Wednesday, May 28th. Roth Mkm lifted their target price on shares of AutoZone from $3,634.00 to $3,763.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Finally, Roth Capital set a $4,135.00 price target on AutoZone and gave the stock a "buy" rating in a research note on Monday, June 2nd. Two research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $4,072.24.
Read Our Latest Stock Analysis on AutoZone
About AutoZone
(
Free Report)
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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