Shufro Rose & Co. LLC Sells 310 Shares of AutoZone, Inc. (NYSE:AZO)

Shufro Rose & Co. LLC lessened its position in AutoZone, Inc. (NYSE:AZO - Free Report) by 13.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,030 shares of the company's stock after selling 310 shares during the period. Shufro Rose & Co. LLC's holdings in AutoZone were worth $6,500,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Proficio Capital Partners LLC lifted its position in AutoZone by 482,040.2% in the 4th quarter. Proficio Capital Partners LLC now owns 419,462 shares of the company's stock valued at $1,343,117,000 after acquiring an additional 419,375 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of AutoZone by 5.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 324,616 shares of the company's stock worth $1,039,421,000 after purchasing an additional 17,518 shares during the last quarter. Norges Bank bought a new position in shares of AutoZone in the fourth quarter valued at approximately $834,556,000. PineStone Asset Management Inc. lifted its holdings in shares of AutoZone by 6.9% in the fourth quarter. PineStone Asset Management Inc. now owns 213,575 shares of the company's stock valued at $683,867,000 after purchasing an additional 13,771 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in shares of 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 buying an additional 26,036 shares during the last quarter. Institutional investors own 92.74% of the company's stock.

AutoZone Price Performance

Shares of NYSE AZO traded up $50.06 during trading on Wednesday, reaching $3,745.72. 205,343 shares of the stock traded hands, compared to its average volume of 129,820. The company has a 50-day moving average of $3,694.38 and a 200-day moving average of $3,457.18. AutoZone, Inc. has a 52-week low of $2,728.97 and a 52-week high of $3,916.81. The stock has a market capitalization of $62.86 billion, a P/E ratio of 25.02, a price-to-earnings-growth ratio of 1.86 and a beta of 0.44.

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). The business had revenue of $4.46 billion for the quarter, compared to analysts' expectations of $4.41 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. AutoZone's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the company earned $36.69 earnings per share. Analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on AZO. Bank of America raised AutoZone from a "neutral" rating to a "buy" rating and increased their price target for the company from $3,900.00 to $4,800.00 in a research report on Wednesday, May 21st. Argus downgraded shares of AutoZone from a "buy" rating to a "hold" 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 price target on the stock in a report on Friday, May 2nd. Raymond James increased their price objective on shares of AutoZone from $4,000.00 to $4,200.00 and gave the company a "strong-buy" rating in a research note 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 assigned a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, AutoZone presently has a consensus rating of "Buy" and an average target price of $4,054.52.

Insider Activity at AutoZone

In other news, VP Domingo Hurtado sold 4,800 shares of the company's stock in a transaction dated Tuesday, April 22nd. The stock was 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 in the company, valued at $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 link. Also, SVP Bailey L. Childress sold 160 shares of the stock in a transaction dated Wednesday, March 5th. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,521 shares of company stock worth $42,177,331. 2.10% of the stock is owned by corporate insiders.

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.