AutoZone, Inc. (NYSE:AZO) is Clio Asset Management LLC's 9th Largest Position

Clio Asset Management LLC increased its holdings in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 32.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,337 shares of the company's stock after purchasing an additional 573 shares during the quarter. AutoZone accounts for approximately 4.9% of Clio Asset Management LLC's portfolio, making the stock its 9th biggest position. Clio Asset Management LLC's holdings in AutoZone were worth $6,043,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Realta Investment Advisors increased its holdings in shares of AutoZone by 27.3% in the fourth quarter. Realta Investment Advisors now owns 415 shares of the company's stock valued at $1,073,000 after purchasing an additional 89 shares during the period. AlphaMark Advisors LLC lifted its position in shares of AutoZone by 3.7% in the fourth quarter. AlphaMark Advisors LLC now owns 226 shares of the company's stock valued at $584,000 after acquiring an additional 8 shares in the last quarter. Atlantic Union Bankshares Corp lifted its position in shares of AutoZone by 30.4% in the fourth quarter. Atlantic Union Bankshares Corp now owns 730 shares of the company's stock valued at $1,887,000 after acquiring an additional 170 shares in the last quarter. Ellsworth Advisors LLC lifted its position in shares of AutoZone by 3.9% in the fourth quarter. Ellsworth Advisors LLC now owns 1,794 shares of the company's stock valued at $4,639,000 after acquiring an additional 67 shares in the last quarter. Finally, LGT Capital Partners LTD. increased its stake in AutoZone by 32.2% in the fourth quarter. LGT Capital Partners LTD. now owns 27,250 shares of the company's stock valued at $70,458,000 after purchasing an additional 6,630 shares during the last quarter. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. UBS Group upped their target price on AutoZone from $3,100.00 to $3,425.00 and gave the company a "buy" rating in a research note on Wednesday, February 28th. DA Davidson raised their price objective on AutoZone from $2,770.00 to $3,025.00 and gave the stock a "neutral" rating in a report on Wednesday, February 28th. Barclays raised their target price on AutoZone from $2,779.00 to $3,100.00 and gave the company an "overweight" rating in a report on Thursday, February 29th. Wedbush raised their price objective on AutoZone from $2,950.00 to $3,400.00 and gave the company an "outperform" rating in a research note on Wednesday, February 28th. Finally, StockNews.com lowered AutoZone from a "buy" rating to a "hold" rating in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $3,080.72.

AutoZone Stock Performance

Shares of AZO stock traded down $41.14 during trading hours on Friday, hitting $3,151.65. The company had a trading volume of 173,056 shares, compared to its average volume of 145,713. AutoZone, Inc. has a 12 month low of $2,277.88 and a 12 month high of $3,256.37. The firm has a market capitalization of $54.52 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 1.67 and a beta of 0.70. The firm's fifty day moving average is $2,929.55 and its 200 day moving average is $2,707.69.

AutoZone (NYSE:AZO - Get Free Report) last released its quarterly earnings results on Tuesday, February 27th. The company reported $28.89 EPS for the quarter, topping analysts' consensus estimates of $26.08 by $2.81. The business had revenue of $3.86 billion for the quarter, compared to analyst estimates of $4.32 billion. AutoZone had a negative return on equity of 56.06% and a net margin of 14.70%. AutoZone's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the company earned $24.64 EPS. On average, sell-side analysts expect that AutoZone, Inc. will post 151.33 EPS for the current fiscal year.

Insider Buying and Selling

In other AutoZone news, Chairman William C. Rhodes III sold 6,700 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $3,190.22, for a total value of $21,374,474.00. Following the transaction, the chairman now directly owns 15,357 shares in the company, valued at approximately $48,992,208.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Eric S. Gould sold 2,100 shares of the firm's stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $3,200.00, for a total transaction of $6,720,000.00. Following the sale, the vice president now owns 910 shares of the company's stock, valued at approximately $2,912,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman William C. Rhodes III sold 6,700 shares of the firm's stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $3,190.22, for a total value of $21,374,474.00. Following the sale, the chairman now directly owns 15,357 shares in the company, valued at approximately $48,992,208.54. The disclosure for this sale can be found here. Insiders have sold a total of 27,797 shares of company stock worth $81,010,974 in the last three months. Insiders own 2.50% of the company's stock.

About AutoZone

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.