Nissay Asset Management Corp Japan ADV Buys 10,987 Shares of AutoZone, Inc. (NYSE:AZO)

Nissay Asset Management Corp Japan ADV increased its stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 49.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,364 shares of the company's stock after purchasing an additional 10,987 shares during the quarter. AutoZone makes up approximately 0.7% of Nissay Asset Management Corp Japan ADV's portfolio, making the stock its 27th largest position. Nissay Asset Management Corp Japan ADV owned about 0.20% of AutoZone worth $108,153,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in AutoZone during the fourth quarter valued at approximately $29,000. Flagship Wealth Advisors LLC acquired a new stake in AutoZone during the fourth quarter worth $32,000. Harbour Investments Inc. boosted its stake in AutoZone by 42.9% during the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company's stock worth $32,000 after buying an additional 3 shares in the last quarter. Minot DeBlois Advisors LLC acquired a new stake in AutoZone during the fourth quarter worth $45,000. Finally, Itau Unibanco Holding S.A. boosted its stake in shares of AutoZone by 750.0% in the 4th quarter. Itau Unibanco Holding S.A. now owns 17 shares of the company's stock valued at $54,000 after purchasing an additional 15 shares in the last quarter. Institutional investors own 92.74% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Truist Financial boosted their target price on shares of AutoZone from $3,841.00 to $3,995.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Roth Mkm lifted their price target on shares of AutoZone from $3,634.00 to $3,763.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Argus cut shares of AutoZone from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Bank of America boosted their price objective on shares of AutoZone from $3,600.00 to $3,700.00 and gave the company a "neutral" rating in a report on Wednesday, March 5th. Finally, Roth Capital set a $3,763.00 price objective on shares of AutoZone in a report on Wednesday, March 5th. Three 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 company. According to MarketBeat.com, AutoZone has a consensus rating of "Buy" and an average target price of $3,821.91.

AutoZone Price Performance

NYSE AZO traded up $21.61 on Friday, hitting $3,779.98. 161,315 shares of the stock were exchanged, compared to its average volume of 130,310. The business's fifty day moving average is $3,658.37 and its 200 day moving average is $3,420.58. AutoZone, Inc. has a 52 week low of $2,728.97 and a 52 week high of $3,916.81. The company has a market capitalization of $63.44 billion, a PE ratio of 25.25, a P/E/G ratio of 1.86 and a beta of 0.44.

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

Insider Activity

In other AutoZone news, SVP K. Michelle Borninkhof sold 136 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $3,550.08, for a total transaction of $482,810.88. Following the sale, the senior vice president now directly owns 403 shares in the company, valued at $1,430,682.24. This represents a 25.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Philip B. Daniele sold 2,000 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $3,800.01, for a total transaction of $7,600,020.00. Following the sale, the chief executive officer now owns 163 shares in the company, valued at $619,401.63. The trade was a 92.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,521 shares of company stock valued at $42,177,331 over the last ninety days. 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.