AutoZone, Inc. (NYSE:AZO) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 14.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,091 shares of the company's stock after acquiring an additional 389 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in AutoZone were worth $11,785,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Blue Trust Inc. raised its stake in shares of AutoZone by 3.5% during the 1st quarter. Blue Trust Inc. now owns 89 shares of the company's stock worth $339,000 after acquiring an additional 3 shares in the last quarter. Colonial Trust Co SC raised its stake 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 raised its stake in shares of AutoZone by 5.4% during the 4th quarter. Comerica Bank now owns 4,262 shares of the company's stock worth $13,647,000 after acquiring an additional 217 shares in the last quarter. Barclays PLC raised its stake in shares of AutoZone by 82.6% during the 4th quarter. Barclays PLC now owns 170,216 shares of the company's stock worth $545,033,000 after acquiring an additional 77,015 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in AutoZone by 13.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 66,016 shares of the company's stock worth $211,383,000 after purchasing an additional 7,586 shares during the last quarter. Institutional investors own 92.74% of the company's stock.

Insider Buying and Selling

In related news, VP Domingo Hurtado sold 4,800 shares of the 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 sale, the vice president now directly owns 159 shares of the company's stock, valued at approximately $581,940. This represents a 96.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP K. Michelle Borninkhof sold 750 shares of the company's stock in a transaction 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 transaction, the senior vice president now owns 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 37,662 shares of company stock valued at $139,599,109. Corporate insiders own 2.10% of the company's stock.

AutoZone Stock Performance

NYSE AZO traded down $92.00 during mid-day trading on Wednesday, reaching $3,485.54. 227,703 shares of the stock were exchanged, compared to its average volume of 129,246. The business's 50 day moving average is $3,696.27 and its 200-day moving average is $3,529.06. AutoZone, Inc. has a 1 year low of $2,801.49 and a 1 year high of $3,916.81. The company has a market capitalization of $58.49 billion, a P/E ratio of 23.59, a P/E/G ratio of 2.14 and a beta of 0.40.

AutoZone (NYSE:AZO - Get Free Report) last announced 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). AutoZone had a negative return on equity of 56.07% and a net margin of 13.56%. The firm had revenue of $4.46 billion for the quarter, compared to analysts' expectations of $4.41 billion. During the same period last year, the company posted $36.69 earnings per share. The business's quarterly revenue was up 5.4% on a year-over-year basis. Equities analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AZO has been the topic of several research analyst reports. Wells Fargo & Company set a $4,200.00 target price on shares of AutoZone and gave the stock an "overweight" rating in a research report on Monday, May 19th. Truist Financial set a $3,995.00 target price on shares of AutoZone in a research report on Friday, May 23rd. Morgan Stanley reissued an "overweight" rating and set a $4,000.00 target price (up previously from $3,750.00) on shares of AutoZone in a research report on Wednesday, May 28th. Raymond James Financial reissued a "strong-buy" rating on shares of AutoZone in a research report on Wednesday, May 28th. Finally, Oppenheimer raised shares of AutoZone from a "market perform" rating to an "outperform" rating and set a $4,600.00 target price on the stock in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, AutoZone currently has an average rating of "Buy" and a consensus price target of $4,072.24.

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.