Natixis Makes New $285,000 Investment in AutoZone, Inc. (NYSE:AZO)

Natixis bought a new position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 89 shares of the company's stock, valued at approximately $285,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norinchukin Bank The grew its stake in shares of AutoZone by 8.5% in the 4th quarter. Norinchukin Bank The now owns 778 shares of the company's stock worth $2,491,000 after buying an additional 61 shares during the last quarter. Ossiam grew its stake in shares of AutoZone by 536.8% in the 4th quarter. Ossiam now owns 2,719 shares of the company's stock worth $8,706,000 after buying an additional 2,292 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in AutoZone in the 4th quarter valued at approximately $4,438,000. Dimensional Fund Advisors LP lifted its position in AutoZone by 6.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 50,974 shares of the company's stock valued at $163,214,000 after acquiring an additional 3,009 shares in the last quarter. Finally, Forum Financial Management LP lifted its position in AutoZone by 2.2% in the 4th quarter. Forum Financial Management LP now owns 138 shares of the company's stock valued at $443,000 after acquiring an additional 3 shares in the last quarter. Hedge funds and other institutional investors own 92.74% of the company's stock.

Analyst Ratings Changes

AZO has been the topic of several analyst reports. Roth Capital set a $3,763.00 price objective on AutoZone in a research report on Wednesday, March 5th. Wedbush reissued an "outperform" rating and set a $3,700.00 price target on shares of AutoZone in a report on Wednesday, March 5th. The Goldman Sachs Group raised AutoZone from a "sell" rating to a "neutral" rating and increased their price target for the company from $3,044.00 to $3,811.00 in a report on Tuesday, April 1st. Guggenheim increased their price target on AutoZone from $3,750.00 to $3,850.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Finally, Truist Financial increased their price target on AutoZone from $3,753.00 to $3,841.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Four investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $3,724.00.

Insider Buying and Selling at AutoZone

In other AutoZone news, SVP Bailey L. Childress sold 160 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the transaction, the senior vice president now directly owns 50 shares in the company, valued at $177,500. This represents a 76.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Domingo Hurtado sold 4,800 shares of the stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $3,660.00, for a total value of $17,568,000.00. Following the completion of the sale, the vice president now owns 159 shares in the company, valued at approximately $581,940. The trade was a 96.79 % 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 three months. Insiders own 2.10% of the company's stock.

AutoZone Stock Performance

NYSE AZO traded up $15.67 during mid-day trading on Wednesday, reaching $3,720.62. 12,859 shares of the stock were exchanged, compared to its average volume of 131,346. The business's 50 day moving average is $3,601.66 and its 200-day moving average is $3,368.15. AutoZone, Inc. has a 1 year low of $2,728.97 and a 1 year high of $3,916.81. The company has a market capitalization of $62.44 billion, a P/E ratio of 24.87, a P/E/G ratio of 1.86 and a beta of 0.54.

AutoZone (NYSE:AZO - Get Free Report) last posted its quarterly earnings data on Tuesday, March 4th. The company reported $28.29 earnings per share for the quarter, missing analysts' consensus estimates of $29.11 by ($0.82). The company had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.98 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. Equities analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

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.