Geller Advisors LLC Sells 196 Shares of AutoZone, Inc. (NYSE:AZO)

Geller Advisors LLC reduced its holdings in AutoZone, Inc. (NYSE:AZO - Free Report) by 46.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 225 shares of the company's stock after selling 196 shares during the quarter. Geller Advisors LLC's holdings in AutoZone were worth $720,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of AZO. Headlands Technologies LLC acquired a new stake in AutoZone in the fourth quarter valued at $29,000. Flagship Wealth Advisors LLC bought a new stake in shares of AutoZone in the 4th quarter valued at about $32,000. Harbour Investments Inc. increased its stake in shares of 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 period. Itau Unibanco Holding S.A. raised its position in shares of AutoZone by 750.0% during the fourth quarter. Itau Unibanco Holding S.A. now owns 17 shares of the company's stock worth $54,000 after acquiring an additional 15 shares during the last quarter. Finally, Crews Bank & Trust acquired a new position in shares of AutoZone in the fourth quarter worth approximately $61,000. Institutional investors own 92.74% of the company's stock.

Insider Activity

In other AutoZone news, VP Dennis W. Leriche sold 1,575 shares of the company's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $3,600.00, for a total value of $5,670,000.00. Following the completion of the transaction, the vice president now owns 417 shares in the company, valued at $1,501,200. This represents a 79.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Bailey L. Childress sold 160 shares of AutoZone stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total value of $568,000.00. Following the sale, the senior vice president now owns 50 shares in the company, valued at $177,500. The trade was a 76.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,521 shares of company stock worth $42,177,331 over the last quarter. Insiders own 2.10% of the company's stock.

AutoZone Stock Performance

AZO stock opened at $3,658.70 on Friday. The company has a market capitalization of $61.40 billion, a P/E ratio of 24.44, a price-to-earnings-growth ratio of 1.86 and a beta of 0.44. AutoZone, Inc. has a 52-week low of $2,728.97 and a 52-week high of $3,916.81. The business has a 50-day simple moving average of $3,649.54 and a two-hundred day simple moving average of $3,398.25.

AutoZone (NYSE:AZO - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $29.11 by ($0.82). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.98 billion. As a group, sell-side analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on AZO. Truist Financial raised their price target on shares of AutoZone from $3,841.00 to $3,995.00 and gave the stock a "buy" rating in a report on Tuesday. Roth Mkm lifted their target price on shares of AutoZone from $3,634.00 to $3,763.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. StockNews.com cut shares of AutoZone from a "buy" rating to a "hold" rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their price objective on AutoZone from $3,775.00 to $3,830.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 5th. Finally, Oppenheimer upgraded AutoZone from a "market perform" rating to an "outperform" rating and set a $4,600.00 target price on the stock in a research report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat.com, AutoZone has a consensus rating of "Buy" and a consensus price target of $3,821.91.

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.

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