Mackenzie Financial Corp Has $129.68 Million Stock Position in AutoZone, Inc. (NYSE:AZO)

Mackenzie Financial Corp decreased its holdings in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 6.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,501 shares of the company's stock after selling 2,942 shares during the period. Mackenzie Financial Corp owned approximately 0.24% of AutoZone worth $129,684,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC boosted its holdings in shares of AutoZone by 482,040.2% in the fourth quarter. Proficio Capital Partners LLC now owns 419,462 shares of the company's stock worth $1,343,117,000 after buying an additional 419,375 shares during the period. Price T Rowe Associates Inc. MD raised its position in AutoZone by 5.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 324,616 shares of the company's stock valued at $1,039,421,000 after acquiring an additional 17,518 shares in the last quarter. Norges Bank bought a new position in AutoZone during the fourth quarter valued at approximately $834,556,000. PineStone Asset Management Inc. raised its position in AutoZone by 6.9% during the fourth quarter. PineStone Asset Management Inc. now owns 213,575 shares of the company's stock valued at $683,867,000 after acquiring an additional 13,771 shares in the last quarter. Finally, Deutsche Bank AG raised its position in AutoZone by 14.6% during the fourth quarter. Deutsche Bank AG now owns 204,822 shares of the company's stock valued at $655,840,000 after acquiring an additional 26,036 shares in the last quarter. Institutional investors and hedge funds own 92.74% of the company's stock.

Insiders Place Their Bets

In related news, VP Dennis W. Leriche sold 1,575 shares of the firm's 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 completion of the transaction, the vice president now directly owns 417 shares of the company's stock, valued at approximately $1,501,200. This trade represents a 79.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Domingo Hurtado sold 4,800 shares of the firm's stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $3,660.00, for a total transaction of $17,568,000.00. Following the completion of the transaction, the vice president now directly owns 159 shares of the company's stock, valued at $581,940. This represents a 96.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,521 shares of company stock valued at $42,177,331 in the last quarter. 2.10% of the stock is currently owned by insiders.

AutoZone Stock Performance

AZO traded up $50.06 during mid-day trading on Wednesday, reaching $3,745.72. The stock had a trading volume of 205,343 shares, compared to its average volume of 129,820. The firm's fifty day simple moving average is $3,694.38 and its two-hundred day simple moving average is $3,457.18. The stock has a market capitalization of $62.86 billion, a P/E ratio of 25.02, a P/E/G ratio of 1.86 and a beta of 0.44. AutoZone, Inc. has a 52 week low of $2,728.97 and a 52 week high of $3,916.81.

AutoZone (NYSE:AZO - Get Free Report) last announced its quarterly earnings data on Tuesday, May 27th. The company reported $35.36 earnings per share for the quarter, missing the consensus estimate of $37.07 by ($1.71). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The firm had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.41 billion. During the same period in the prior year, the firm posted $36.69 earnings per share. The business's revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, analysts expect that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AZO. Roth Capital set a $3,763.00 price target on shares of AutoZone in a research report on Wednesday, March 5th. Mizuho lifted their price target on shares of AutoZone from $3,600.00 to $3,740.00 and gave the company an "outperform" rating in a research report on Wednesday, March 5th. BMO Capital Markets lifted their price target on shares of AutoZone from $3,850.00 to $4,100.00 and gave the company an "outperform" rating in a research report on Wednesday. DA Davidson lifted their price target on shares of AutoZone from $4,192.00 to $4,850.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Truist Financial set a $3,995.00 target price on shares of AutoZone in a research report on Friday, May 23rd. Two analysts have rated the stock with a hold rating, eighteen have given a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, AutoZone currently has an average rating of "Buy" and a consensus target price of $4,054.52.

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.