Two Sigma Advisers LP Trims Stock Holdings in AutoZone, Inc. (NYSE:AZO)

Two Sigma Advisers LP reduced its stake in AutoZone, Inc. (NYSE:AZO - Free Report) by 54.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 400 shares of the company's stock after selling 474 shares during the quarter. Two Sigma Advisers LP's holdings in AutoZone were worth $1,281,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Proficio Capital Partners LLC increased 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 during the period. Norges Bank bought a new position in shares of AutoZone in the 4th quarter worth $834,556,000. Strategic Financial Concepts LLC bought a new stake in shares of AutoZone during the fourth quarter worth about $471,629,000. Wealthfront Advisers LLC lifted its holdings in shares of AutoZone by 6,083.9% in the fourth quarter. Wealthfront Advisers LLC now owns 90,656 shares of the company's stock valued at $290,281,000 after purchasing an additional 89,190 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of 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 acquiring an additional 77,015 shares in the last quarter. 92.74% of the stock is owned by institutional investors.

AutoZone Stock Performance

NYSE:AZO traded down $30.26 during mid-day trading on Wednesday, hitting $3,717.74. The company had a trading volume of 95,052 shares, compared to its average volume of 129,414. The business's fifty day moving average is $3,697.68 and its two-hundred day moving average is $3,479.05. The firm has a market cap of $62.39 billion, a P/E ratio of 24.84, a P/E/G ratio of 1.86 and a beta of 0.40. AutoZone, Inc. has a fifty-two week low of $2,750.53 and a fifty-two week 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $37.07 by ($1.71). The firm had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.41 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company posted $36.69 earnings per share. Equities analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Wedbush reissued an "outperform" rating and issued a $3,700.00 price objective on shares of AutoZone in a report on Wednesday, March 5th. BMO Capital Markets restated an "outperform" rating and set a $4,100.00 price target (up previously from $3,850.00) on shares of AutoZone in a research report on Wednesday, May 28th. Guggenheim upped their price target on shares of AutoZone from $3,850.00 to $4,100.00 and gave the company a "buy" rating in a research report on Wednesday, May 28th. DA Davidson lifted their price target on AutoZone from $4,192.00 to $4,850.00 and gave the company a "buy" rating in a research report on Wednesday, May 28th. Finally, Wells Fargo & Company set a $4,200.00 target price on shares of AutoZone and gave the company an "overweight" rating in a research note on Monday, May 19th. Two equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $4,054.52.

Insider Buying and Selling at AutoZone

In other AutoZone news, CFO Jamere Jackson sold 2,612 shares of the firm's stock in a transaction on Friday, May 30th. The stock was 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 now directly owns 427 shares of the company's stock, valued at $1,591,877.35. This trade represents a 85.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Dennis W. Leriche sold 1,575 shares of AutoZone stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $3,600.00, for a total transaction of $5,670,000.00. Following the transaction, the vice president now directly owns 417 shares in the company, valued at $1,501,200. This trade represents a 79.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,973 shares of company stock valued at $51,346,997. 2.10% of the stock is currently owned by company insiders.

AutoZone 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.