AutoZone, Inc. (NYSE:AZO) Position Lifted by Osprey Private Wealth LLC

Osprey Private Wealth LLC raised its holdings in AutoZone, Inc. (NYSE:AZO - Free Report) by 24.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,024 shares of the company's stock after purchasing an additional 203 shares during the period. AutoZone accounts for approximately 2.3% of Osprey Private Wealth LLC's portfolio, making the stock its 19th largest holding. Osprey Private Wealth LLC's holdings in AutoZone were worth $3,904,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of AZO. Headlands Technologies LLC acquired a new position in shares of AutoZone in the fourth quarter valued at approximately $29,000. Flagship Wealth Advisors LLC acquired a new position in shares of AutoZone in the fourth quarter valued at approximately $32,000. Harbour Investments Inc. raised its position in shares of AutoZone by 42.9% in the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company's stock valued at $32,000 after buying an additional 3 shares during the last quarter. Minot DeBlois Advisors LLC acquired a new position in shares of AutoZone in the fourth quarter valued at approximately $45,000. Finally, Itau Unibanco Holding S.A. raised its position in shares of AutoZone by 750.0% in the fourth quarter. Itau Unibanco Holding S.A. now owns 17 shares of the company's stock valued at $54,000 after buying an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 92.74% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on AZO. Roth Capital set a $4,135.00 price objective on shares of AutoZone and gave the company a "buy" rating in a research report on Monday, June 2nd. Oppenheimer raised shares of AutoZone from a "market perform" rating to an "outperform" rating and set a $4,600.00 price objective for the company in a research report on Friday, May 2nd. Raymond James reissued a "strong-buy" rating on shares of AutoZone in a research report on Wednesday, May 28th. The Goldman Sachs Group set a $3,811.00 price target on shares of AutoZone in a research report on Friday, May 23rd. Finally, JPMorgan Chase & Co. upped their price target on shares of AutoZone from $3,830.00 to $4,350.00 and gave the stock an "overweight" rating in a research report on Friday, May 23rd. Two 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $4,072.24.

AutoZone Stock Down 1.3%

Shares of AutoZone stock traded down $49.13 during trading hours on Friday, hitting $3,634.34. The company's stock had a trading volume of 119,857 shares, compared to its average volume of 128,931. AutoZone, Inc. has a 1-year low of $2,792.14 and a 1-year high of $3,916.81. The business has a fifty day moving average of $3,693.02 and a 200 day moving average of $3,503.61. The company has a market capitalization of $60.99 billion, a PE ratio of 24.28, a P/E/G ratio of 1.86 and a beta of 0.40.

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). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.41 billion. During the same period in the previous year, the company earned $36.69 EPS. AutoZone's revenue was up 5.4% on a year-over-year basis. On average, sell-side analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Insider Transactions at AutoZone

In other news, Chairman William C. Rhodes III sold 27,500 shares of the company's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $3,708.93, for a total value of $101,995,575.00. Following the completion of the transaction, the chairman now directly owns 8,546 shares in the company, valued at approximately $31,696,515.78. This represents a 76.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Domingo Hurtado sold 4,800 shares of the company'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 owns 159 shares of the company's stock, valued at $581,940. This trade represents a 96.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,762 shares of company stock valued at $147,189,762 over the last 90 days. Corporate 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.