Townsquare Capital LLC raised its position in AutoZone, Inc. (NYSE:AZO - Free Report) by 18.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,464 shares of the company's stock after buying an additional 233 shares during the quarter. Townsquare Capital LLC's holdings in AutoZone were worth $5,582,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in AZO. Blue Trust Inc. lifted its stake in AutoZone by 3.5% during the first quarter. Blue Trust Inc. now owns 89 shares of the company's stock worth $339,000 after purchasing an additional 3 shares during the last quarter. Colonial Trust Co SC raised its holdings in shares of AutoZone by 24.5% during the 4th quarter. Colonial Trust Co SC now owns 61 shares of the company's stock worth $197,000 after buying an additional 12 shares in the last quarter. Comerica Bank lifted its position in shares of AutoZone by 5.4% during the 4th quarter. Comerica Bank now owns 4,262 shares of the company's stock worth $13,647,000 after buying an additional 217 shares during the last quarter. Barclays PLC boosted its stake in AutoZone by 82.6% in 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, Hudson Valley Investment Advisors Inc. ADV boosted its stake in AutoZone by 10.1% in the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 2,954 shares of the company's stock valued at $11,267,000 after buying an additional 271 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.
AutoZone Stock Down 0.6%
AZO stock opened at $4,036.97 on Friday. The firm has a market cap of $67.74 billion, a price-to-earnings ratio of 27.32, a PEG ratio of 2.41 and a beta of 0.38. The company's fifty day simple moving average is $3,737.09 and its 200 day simple moving average is $3,644.88. AutoZone, Inc. has a 12-month low of $2,898.57 and a 12-month high of $4,094.69.
AutoZone (NYSE:AZO - Get Free Report) last announced its quarterly earnings data on Tuesday, May 27th. The company reported $35.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $4.41 billion. During the same period in the prior year, the firm earned $36.69 earnings per share. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. Research analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current year.
Insiders Place Their Bets
In other AutoZone news, CFO Jamere Jackson sold 2,612 shares of the firm's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $3,728.05, for a total value of $9,737,666.60. Following the completion of the sale, the chief financial officer directly owned 427 shares in the company, valued at approximately $1,591,877.35. This trade represents a 85.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman William C. Rhodes III sold 27,500 shares of AutoZone stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $3,708.93, for a total transaction of $101,995,575.00. Following the completion of the sale, the chairman directly owned 8,546 shares of the company's stock, valued at approximately $31,696,515.78. This trade represents a 76.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,862 shares of company stock valued at $126,058,789 over the last 90 days. 2.10% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on AZO. Wall Street Zen raised shares of AutoZone from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Truist Financial set a $3,995.00 target price on shares of AutoZone in a research note on Friday, May 23rd. Bank of America upgraded 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 note on Wednesday, May 21st. DA Davidson boosted their price objective on AutoZone from $4,192.00 to $4,850.00 and gave the stock a "buy" rating in a research report on Wednesday, May 28th. Finally, Mizuho increased their target price on AutoZone from $3,740.00 to $4,050.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. Two analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, AutoZone currently has a consensus rating of "Buy" and an average target price of $4,087.00.
Check Out Our Latest Research Report on AutoZone
AutoZone Company 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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