Triasima Portfolio Management inc. Acquires Shares of 79 AutoZone, Inc. (NYSE:AZO)

Triasima Portfolio Management inc. bought a new position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 79 shares of the company's stock, valued at approximately $301,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. PDS Planning Inc increased its holdings in AutoZone by 2.3% in the fourth quarter. PDS Planning Inc now owns 132 shares of the company's stock valued at $423,000 after buying an additional 3 shares during the last quarter. Harbour Investments Inc. increased its holdings in AutoZone by 42.9% in the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company's stock valued at $32,000 after buying an additional 3 shares during the last quarter. Meeder Advisory Services Inc. increased its holdings in AutoZone by 0.8% in the fourth quarter. Meeder Advisory Services Inc. now owns 371 shares of the company's stock valued at $1,188,000 after buying an additional 3 shares during the last quarter. Tandem Wealth Advisors LLC increased its holdings in AutoZone by 3.6% in the fourth quarter. Tandem Wealth Advisors LLC now owns 87 shares of the company's stock valued at $279,000 after buying an additional 3 shares during the last quarter. Finally, United Capital Financial Advisors LLC increased its holdings in AutoZone by 0.3% in the fourth quarter. United Capital Financial Advisors LLC now owns 1,120 shares of the company's stock valued at $3,585,000 after buying an additional 3 shares during the last quarter. 92.74% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP Domingo Hurtado sold 4,800 shares of the stock in a transaction that occurred on 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 directly owned 159 shares in the company, valued at $581,940. This represents a 96.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP K. Michelle Borninkhof sold 750 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The shares were 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. This represents a 64.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,662 shares of company stock valued at $131,999,089 in the last 90 days. Insiders own 2.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Guggenheim boosted their price objective on AutoZone from $3,850.00 to $4,100.00 and gave the stock a "buy" rating in a research report on Wednesday, May 28th. Roth Capital set a $4,135.00 price target on AutoZone and gave the company a "buy" rating in a report on Monday, June 2nd. Mizuho boosted their target price on shares of AutoZone from $3,740.00 to $4,050.00 and gave the company an "outperform" rating in a research note on Thursday, July 3rd. Truist Financial set a $3,995.00 price target on shares of AutoZone in a research note on Friday, May 23rd. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $4,100.00 price target (up from $3,850.00) on shares of AutoZone in a research note on Wednesday, May 28th. Two research analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $4,087.00.

AutoZone Trading Up 0.9%

NYSE:AZO traded up $34.63 during mid-day trading on Friday, hitting $3,684.05. The company's stock had a trading volume of 46,451 shares, compared to its average volume of 130,225. The company has a market capitalization of $61.82 billion, a price-to-earnings ratio of 24.93, a P/E/G ratio of 2.20 and a beta of 0.39. The stock has a fifty day moving average of $3,701.06 and a 200-day moving average of $3,573.70. AutoZone, Inc. has a fifty-two week low of $2,894.02 and a fifty-two week high of $3,916.81.

AutoZone (NYSE:AZO - Get Free Report) last released its quarterly 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). The business had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.41 billion. AutoZone had a negative return on equity of 56.07% and a net margin of 13.56%. The firm's revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company earned $36.69 earnings per share. On average, equities analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal 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.