Valeo Financial Advisors LLC Buys Shares of 69 AutoZone, Inc. (NYSE:AZO)

Valeo Financial Advisors LLC bought a new stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 69 shares of the company's stock, valued at approximately $263,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. M&T Bank Corp raised its position in AutoZone by 1.8% in the 1st quarter. M&T Bank Corp now owns 3,791 shares of the company's stock valued at $14,454,000 after purchasing an additional 66 shares during the last quarter. May Hill Capital LLC acquired a new stake in AutoZone during the first quarter worth approximately $210,000. Highview Capital Management LLC DE boosted its holdings in shares of AutoZone by 6.6% in the 1st quarter. Highview Capital Management LLC DE now owns 321 shares of the company's stock valued at $1,224,000 after purchasing an additional 20 shares in the last quarter. Ninety One UK Ltd acquired a new stake in shares of AutoZone during the 1st quarter valued at $63,105,000. Finally, Crossmark Global Holdings Inc. raised its position in AutoZone by 105.9% during the 1st quarter. Crossmark Global Holdings Inc. now owns 313 shares of the company's stock worth $1,193,000 after purchasing an additional 161 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on AZO shares. Truist Financial set a $3,995.00 target price on AutoZone in a research note on Friday, May 23rd. UBS Group raised 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. The Goldman Sachs Group set a $3,811.00 price target on shares of AutoZone in a research note on Friday, May 23rd. BMO Capital Markets restated an "outperform" rating and issued a $4,100.00 target price (up from $3,850.00) on shares of AutoZone in a report on Wednesday, May 28th. Finally, DA Davidson boosted their price objective 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, May 28th. Two research 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $4,087.00.

Insider Transactions at AutoZone

In related news, SVP K. Michelle Borninkhof sold 750 shares of the company's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $3,597.13, for a total value of $2,697,847.50. Following the completion of the transaction, the senior vice president 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction, the chief financial officer owned 427 shares in the company, valued at $1,591,877.35. The trade was a 85.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,662 shares of company stock valued at $131,999,089 in the last three months. 2.10% of the stock is currently owned by company insiders.

AutoZone Stock Up 1.6%

NYSE AZO traded up $60.50 during trading on Monday, hitting $3,766.14. The company's stock had a trading volume of 125,984 shares, compared to its average volume of 130,828. The firm has a 50 day moving average price of $3,704.16 and a 200 day moving average price of $3,565.22. The firm has a market cap of $63.20 billion, a P/E ratio of 25.49, a price-to-earnings-growth ratio of 2.21 and a beta of 0.39. AutoZone, Inc. has a 52 week low of $2,894.02 and a 52 week high of $3,916.81.

AutoZone (NYSE:AZO - Get Free Report) last issued its quarterly earnings results on Tuesday, May 27th. The company reported $35.36 EPS for the quarter, missing the consensus estimate of $37.07 by ($1.71). AutoZone had a net margin of 13.56% and a negative return on equity of 56.07%. The company had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.41 billion. During the same period last year, the company posted $36.69 earnings per share. The business's revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities analysts expect that AutoZone, Inc. will post 152.94 earnings per share 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.