Sather Financial Group Inc decreased its stake in AutoZone, Inc. (NYSE:AZO - Free Report) by 4.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,111 shares of the company's stock after selling 395 shares during the period. AutoZone makes up 2.3% of Sather Financial Group Inc's portfolio, making the stock its 21st biggest position. Sather Financial Group Inc owned 0.05% of AutoZone worth $34,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently modified their holdings of the company. Blue Trust Inc. raised its stake in AutoZone by 3.5% during the first quarter. Blue Trust Inc. now owns 89 shares of the company's stock valued at $339,000 after buying an additional 3 shares in the last quarter. Colonial Trust Co SC raised its stake in AutoZone by 24.5% during the fourth quarter. Colonial Trust Co SC now owns 61 shares of the company's stock valued at $197,000 after buying an additional 12 shares in the last quarter. Comerica Bank raised its stake in AutoZone by 5.4% during the fourth quarter. Comerica Bank now owns 4,262 shares of the company's stock valued at $13,647,000 after buying an additional 217 shares in the last quarter. Barclays PLC raised its stake in AutoZone by 82.6% during the fourth quarter. Barclays PLC now owns 170,216 shares of the company's stock valued at $545,033,000 after buying an additional 77,015 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in AutoZone by 13.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 66,016 shares of the company's stock valued at $211,383,000 after buying an additional 7,586 shares in the last quarter. Hedge funds and other institutional investors own 92.74% of the company's stock.
AutoZone Stock Performance
Shares of AZO traded down $4.32 during mid-day trading on Wednesday, hitting $3,869.53. 49,950 shares of the company traded hands, compared to its average volume of 132,830. The stock has a 50-day moving average price of $3,709.54 and a two-hundred day moving average price of $3,605.41. The stock has a market cap of $64.93 billion, a price-to-earnings ratio of 26.14, a P/E/G ratio of 2.27 and a beta of 0.39. AutoZone, Inc. has a 1 year low of $2,898.57 and a 1 year high of $3,919.50.
AutoZone (NYSE:AZO - Get Free Report) last released its quarterly earnings data on Tuesday, May 27th. The company reported $35.36 EPS for the quarter, missing the consensus estimate of $37.07 by ($1.71). AutoZone had a net margin of 13.56% and a negative return on equity of 56.07%. The business had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.41 billion. During the same quarter last year, the business earned $36.69 EPS. AutoZone's revenue for the quarter was up 5.4% compared to the same quarter last year. On average, analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current year.
Insider Buying and Selling at AutoZone
In related news, VP Richard Craig Smith sold 3,000 shares of the business's stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $3,875.90, for a total value of $11,627,700.00. Following the completion of the sale, the vice president owned 2,925 shares of the company's stock, valued at approximately $11,337,007.50. The trade was a 50.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP K. Michelle Borninkhof sold 750 shares of the business'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 completion of the sale, the senior vice president directly owned 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. Insiders have sold 33,862 shares of company stock valued at $126,058,789 in the last 90 days. Insiders own 2.10% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have issued reports on AZO. Roth Capital set a $4,135.00 price objective on AutoZone and gave the company a "buy" rating in a research note on Monday, June 2nd. Evercore ISI set a $3,950.00 price objective on AutoZone in a research note on Monday, May 19th. Guggenheim upped their target price on AutoZone from $3,850.00 to $4,100.00 and gave the company a "buy" rating in a report on Wednesday, May 28th. Truist Financial set a $3,995.00 target price on AutoZone in a report on Friday, May 23rd. Finally, Morgan Stanley reissued an "overweight" rating and issued a $4,000.00 price objective (up from $3,750.00) on shares of AutoZone in a report on Wednesday, May 28th. Two investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, AutoZone has an average rating of "Buy" and a consensus target price of $4,087.00.
Get Our Latest Stock Analysis on AZO
AutoZone Profile
(
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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