AutoZone, Inc. (NYSE:AZO) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank raised its holdings in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 13.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,136 shares of the company's stock after buying an additional 871 shares during the period. Toronto Dominion Bank's holdings in AutoZone were worth $22,848,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Proficio Capital Partners LLC lifted its holdings in AutoZone by 482,040.2% in the fourth quarter. Proficio Capital Partners LLC now owns 419,462 shares of the company's stock worth $1,343,117,000 after buying an additional 419,375 shares during the period. Norges Bank purchased a new position in shares of AutoZone during the fourth quarter valued at approximately $834,556,000. Strategic Financial Concepts LLC bought a new stake in shares of AutoZone during the fourth quarter valued at approximately $471,629,000. Wealthfront Advisers LLC increased its position in shares of AutoZone by 6,083.9% during the fourth quarter. Wealthfront Advisers LLC now owns 90,656 shares of the company's stock valued at $290,281,000 after acquiring an additional 89,190 shares in the last quarter. Finally, Barclays PLC grew its position in AutoZone by 82.6% in the 4th quarter. Barclays PLC now owns 170,216 shares of the company's stock worth $545,033,000 after purchasing an additional 77,015 shares during the period. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AZO. 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 research note on Friday, May 2nd. Mizuho lifted their target price on shares of AutoZone from $3,600.00 to $3,740.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Roth Mkm lifted their target price on shares of AutoZone from $3,634.00 to $3,763.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. UBS Group lifted their target price on shares of AutoZone from $4,025.00 to $4,260.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Finally, DA Davidson boosted their price target on shares of AutoZone from $4,192.00 to $4,850.00 and gave the stock a "buy" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, AutoZone presently has an average rating of "Buy" and an average price target of $4,054.52.

Insider Transactions at AutoZone

In other AutoZone news, SVP K. Michelle Borninkhof sold 136 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $3,550.08, for a total transaction of $482,810.88. Following the transaction, the senior vice president now owns 403 shares in the company, valued at approximately $1,430,682.24. This represents a 25.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Bailey L. Childress sold 160 shares of the company's 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 transaction, the senior vice president now owns 50 shares in the company, valued at $177,500. The trade was a 76.19% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,521 shares of company stock valued at $42,177,331. Company insiders own 2.10% of the company's stock.

AutoZone Price Performance

AZO stock traded up $46.58 during mid-day trading on Friday, reaching $3,736.21. The company had a trading volume of 190,971 shares, compared to its average volume of 129,819. The company has a market capitalization of $62.70 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 1.86 and a beta of 0.44. The firm has a 50 day moving average of $3,698.83 and a 200 day moving average of $3,471.00. AutoZone, Inc. has a 12 month low of $2,728.97 and a 12 month high of $3,916.81.

AutoZone (NYSE:AZO - Get Free Report) last issued its earnings results on Tuesday, May 27th. The company reported $35.36 EPS for the quarter, missing analysts' consensus estimates of $37.07 by ($1.71). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The company had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.41 billion. During the same quarter in the prior year, the company earned $36.69 earnings per share. AutoZone's revenue was up 5.4% on a year-over-year basis. Analysts anticipate that AutoZone, Inc. will post 152.94 EPS for the current year.

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.