149 Shares in AutoZone, Inc. (NYSE:AZO) Acquired by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC purchased a new stake in AutoZone, Inc. (NYSE:AZO - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 149 shares of the company's stock, valued at approximately $568,000.

Several other hedge funds and other institutional investors also recently modified their holdings of AZO. Sound View Wealth Advisors Group LLC raised its holdings in AutoZone by 2.0% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 152 shares of the company's stock worth $487,000 after purchasing an additional 3 shares in the last quarter. Harbour Investments Inc. raised its holdings in AutoZone by 42.9% in the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company's stock worth $32,000 after purchasing an additional 3 shares in the last quarter. PDS Planning Inc raised its holdings in AutoZone by 2.3% in the 4th quarter. PDS Planning Inc now owns 132 shares of the company's stock worth $423,000 after purchasing an additional 3 shares in the last quarter. Meeder Advisory Services Inc. raised its holdings in AutoZone by 0.8% in the 4th quarter. Meeder Advisory Services Inc. now owns 371 shares of the company's stock worth $1,188,000 after purchasing an additional 3 shares in the last quarter. Finally, Tandem Wealth Advisors LLC raised its holdings in AutoZone by 3.6% in the 4th quarter. Tandem Wealth Advisors LLC now owns 87 shares of the company's stock worth $279,000 after purchasing an additional 3 shares in the last quarter. Institutional investors own 92.74% of the company's stock.

AutoZone Stock Performance

Shares of AZO stock traded up $3.97 during trading hours on Tuesday, reaching $3,716.20. The company had a trading volume of 134,608 shares, compared to its average volume of 130,392. The business has a fifty day moving average price of $3,697.59 and a 200-day moving average price of $3,537.20. AutoZone, Inc. has a one year low of $2,801.49 and a one year high of $3,916.81. The firm has a market cap of $62.36 billion, a PE ratio of 25.15, a price-to-earnings-growth ratio of 2.22 and a beta of 0.39.

AutoZone (NYSE:AZO - Get Free Report) last announced its quarterly earnings results on Tuesday, May 27th. The company reported $35.36 EPS for the quarter, missing analysts' consensus estimates of $37.07 by ($1.71). AutoZone had a negative return on equity of 56.07% and a net margin of 13.56%. The company had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.41 billion. During the same quarter in the prior year, the firm earned $36.69 earnings per share. The business's revenue was up 5.4% compared to the same quarter last year. Equities research analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wall Street Zen upgraded shares of AutoZone from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Raymond James Financial restated a "strong-buy" rating on shares of AutoZone in a report on Wednesday, May 28th. Roth Capital set a $4,135.00 price target on shares of AutoZone and gave the stock a "buy" rating in a research note on Monday, June 2nd. Wells Fargo & Company set a $4,200.00 price target on shares of AutoZone and gave the company an "overweight" rating in a research report on Monday, May 19th. Finally, JPMorgan Chase & Co. lifted their price target on shares of AutoZone from $3,830.00 to $4,350.00 and gave the company an "overweight" rating in a research 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $4,072.24.

Insider Activity at AutoZone

In other news, CFO Jamere Jackson sold 2,612 shares of AutoZone stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $3,728.05, for a total value of $9,737,666.60. Following the completion of the sale, the chief financial officer directly owned 427 shares in the company, valued at $1,591,877.35. The trade was a 85.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP K. Michelle Borninkhof sold 750 shares of AutoZone stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $3,597.13, for a total transaction of $2,697,847.50. Following the completion of the sale, the senior vice president owned 406 shares of the company's stock, valued at $1,460,434.78. This represents a 64.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,662 shares of company stock valued at $131,999,089. Insiders own 2.10% of the company's stock.

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.