Sherbrooke Park Advisers LLC Invests $288,000 in AutoZone, Inc. (NYSE:AZO)

Sherbrooke Park Advisers LLC purchased a new position in AutoZone, Inc. (NYSE:AZO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 90 shares of the company's stock, valued at approximately $288,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Rafferty Asset Management LLC grew its holdings in shares of AutoZone by 9.7% in the fourth quarter. Rafferty Asset Management LLC now owns 1,694 shares of the company's stock worth $5,424,000 after purchasing an additional 150 shares during the last quarter. Raiffeisen Bank International AG bought a new position in shares of AutoZone in the fourth quarter worth about $4,304,000. ProShare Advisors LLC grew its holdings in shares of AutoZone by 12.5% in the fourth quarter. ProShare Advisors LLC now owns 2,505 shares of the company's stock worth $8,021,000 after purchasing an additional 278 shares during the last quarter. Quantinno Capital Management LP grew its holdings in AutoZone by 16.9% during the 4th quarter. Quantinno Capital Management LP now owns 4,900 shares of the company's stock worth $15,691,000 after acquiring an additional 708 shares in the last quarter. Finally, Pathstone Holdings LLC grew its holdings in AutoZone by 6.2% during the 4th quarter. Pathstone Holdings LLC now owns 3,994 shares of the company's stock worth $12,789,000 after acquiring an additional 232 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors.

AutoZone Stock Up 2.4%

Shares of AutoZone stock opened at $3,877.00 on Tuesday. The firm has a market capitalization of $65.06 billion, a P/E ratio of 25.90, a PEG ratio of 1.86 and a beta of 0.44. The company has a 50 day moving average price of $3,664.99 and a 200 day moving average price of $3,429.72. 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, March 4th. The company reported $28.29 EPS for the quarter, missing the consensus estimate of $29.11 by ($0.82). The company had revenue of $3.95 billion during the quarter, compared to analysts' expectations of $3.98 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. As a group, research analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Insider Activity at AutoZone

In other AutoZone news, SVP Bailey L. Childress sold 160 shares of AutoZone stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the completion of the sale, the senior vice president now directly owns 50 shares in the company, valued at approximately $177,500. The trade was a 76.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Philip B. Daniele sold 2,000 shares of AutoZone stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $3,800.01, for a total transaction of $7,600,020.00. Following the sale, the chief executive officer now owns 163 shares of the company's stock, valued at approximately $619,401.63. The trade was a 92.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,521 shares of company stock valued at $42,177,331 in the last three months. 2.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AZO. Roth Mkm increased their target price on shares of AutoZone from $3,634.00 to $3,763.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Evercore ISI increased their target price on shares of AutoZone from $3,525.00 to $3,700.00 and gave the stock an "outperform" rating in a report on Wednesday, March 5th. Oppenheimer upgraded 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 report on Friday, May 2nd. The Goldman Sachs Group upgraded shares of AutoZone from a "sell" rating to a "neutral" rating and increased their target price for the stock from $3,044.00 to $3,811.00 in a report on Tuesday, April 1st. Finally, Argus cut shares of AutoZone from a "buy" rating to a "hold" rating in a report on Wednesday, March 5th. Three investment 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $3,837.82.

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.

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