International Assets Investment Management LLC Boosts Stock Holdings in AutoZone, Inc. (NYSE:AZO)

International Assets Investment Management LLC grew its holdings in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 232,194.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 731,728 shares of the company's stock after buying an additional 731,413 shares during the quarter. AutoZone accounts for about 0.4% of International Assets Investment Management LLC's investment portfolio, making the stock its 27th biggest position. International Assets Investment Management LLC owned 4.23% of AutoZone worth $1,891,963,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Rosenberg Matthew Hamilton increased its holdings in AutoZone by 8.2% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 53 shares of the company's stock worth $135,000 after purchasing an additional 4 shares during the period. CWM LLC increased its holdings in AutoZone by 1.3% during the 3rd quarter. CWM LLC now owns 301 shares of the company's stock worth $765,000 after purchasing an additional 4 shares during the period. Private Trust Co. NA increased its holdings in AutoZone by 2.9% during the 3rd quarter. Private Trust Co. NA now owns 142 shares of the company's stock worth $361,000 after purchasing an additional 4 shares during the period. Venturi Wealth Management LLC increased its holdings in AutoZone by 2.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 202 shares of the company's stock worth $513,000 after purchasing an additional 4 shares during the period. Finally, Plancorp LLC increased its holdings in shares of AutoZone by 3.0% in the 3rd quarter. Plancorp LLC now owns 136 shares of the company's stock valued at $345,000 after acquiring an additional 4 shares during the period. Institutional investors own 92.74% of the company's stock.

AutoZone Price Performance

AZO traded up $19.90 on Friday, reaching $3,104.94. 84,663 shares of the stock were exchanged, compared to its average volume of 132,935. The company's 50-day moving average price is $2,966.62 and its 200 day moving average price is $2,727.18. AutoZone, Inc. has a fifty-two week low of $2,277.88 and a fifty-two week high of $3,256.37. The firm has a market capitalization of $53.72 billion, a PE ratio of 21.86, a PEG ratio of 1.63 and a beta of 0.70.

AutoZone (NYSE:AZO - Get Free Report) last issued 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 company had revenue of $3.86 billion during the quarter, compared to analysts' expectations of $4.32 billion. AutoZone had a negative return on equity of 56.06% and a net margin of 14.70%. The firm's revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $24.64 EPS. As a group, equities analysts forecast that AutoZone, Inc. will post 151.33 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Philip B. Daniele sold 4,190 shares of the business's stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $3,161.68, for a total value of $13,247,439.20. Following the completion of the transaction, the chief executive officer now owns 900 shares of the company's stock, valued at approximately $2,845,512. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Philip B. Daniele sold 4,190 shares of the business's stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $3,161.68, for a total value of $13,247,439.20. Following the completion of the transaction, the chief executive officer now owns 900 shares of the company's stock, valued at approximately $2,845,512. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Eric S. Gould sold 2,100 shares of AutoZone stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $3,200.00, for a total value of $6,720,000.00. Following the completion of the transaction, the vice president now owns 910 shares of the company's stock, valued at approximately $2,912,000. The disclosure for this sale can be found here. Insiders sold a total of 19,997 shares of company stock valued at $61,108,338 in the last quarter. 2.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AZO. Truist Financial lifted their price target on AutoZone from $3,363.00 to $3,523.00 and gave the company a "buy" rating in a report on Tuesday. William Blair reiterated an "outperform" rating on shares of AutoZone in a report on Wednesday, December 13th. Wedbush lifted their price target on AutoZone from $2,950.00 to $3,400.00 and gave the company an "outperform" rating in a report on Wednesday, February 28th. DA Davidson lifted their price target on AutoZone from $2,770.00 to $3,025.00 and gave the company a "neutral" rating in a report on Wednesday, February 28th. Finally, UBS Group lifted their price target on AutoZone from $3,100.00 to $3,425.00 and gave the company a "buy" rating in a report on Wednesday, February 28th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, AutoZone currently has a consensus rating of "Moderate Buy" and a consensus target price of $3,089.61.

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.