Hendley & Co. Inc. Sells 679 Shares of AutoZone, Inc. (NYSE:AZO)

Hendley & Co. Inc. decreased its holdings in AutoZone, Inc. (NYSE:AZO - Free Report) by 34.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,298 shares of the company's stock after selling 679 shares during the quarter. AutoZone accounts for approximately 1.3% of Hendley & Co. Inc.'s investment portfolio, making the stock its 26th biggest holding. Hendley & Co. Inc.'s holdings in AutoZone were worth $3,356,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in AZO. International Assets Investment Management LLC lifted its holdings in shares of AutoZone by 232,194.6% in the fourth quarter. International Assets Investment Management LLC now owns 731,728 shares of the company's stock valued at $1,891,963,000 after purchasing an additional 731,413 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its stake in AutoZone by 107,977.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 699,260 shares of the company's stock valued at $1,724,500,000 after acquiring an additional 698,613 shares in the last quarter. Royal Bank of Canada boosted its holdings in AutoZone by 1.3% during the 3rd quarter. Royal Bank of Canada now owns 441,566 shares of the company's stock worth $1,121,572,000 after acquiring an additional 5,650 shares during the last quarter. Wellington Management Group LLP boosted its holdings in AutoZone by 111.4% during the 3rd quarter. Wellington Management Group LLP now owns 335,190 shares of the company's stock worth $851,379,000 after acquiring an additional 176,623 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of AutoZone in the 4th quarter worth $658,788,000. Institutional investors and hedge funds own 92.74% of the company's stock.

AutoZone Trading Down 0.6 %

Shares of AZO stock traded down $17.87 during trading hours on Wednesday, reaching $3,025.75. The stock had a trading volume of 90,037 shares, compared to its average volume of 156,992. The stock's fifty day simple moving average is $2,981.38 and its 200 day simple moving average is $2,739.09. The firm has a market capitalization of $52.41 billion, a PE ratio of 21.31, a PEG ratio of 1.63 and a beta of 0.70. AutoZone, Inc. has a 12 month low of $2,277.88 and a 12 month high of $3,256.37.

AutoZone (NYSE:AZO - Get Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $28.89 EPS for the quarter, beating the consensus estimate of $26.08 by $2.81. The firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $4.32 billion. AutoZone had a net margin of 14.70% and a negative return on equity of 56.06%. The business's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the firm earned $24.64 EPS. As a group, equities research analysts anticipate that AutoZone, Inc. will post 151.33 EPS for the current fiscal year.

Insider Buying and Selling

In other AutoZone news, VP Eric S. Gould sold 2,100 shares of the firm's stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $3,200.00, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other AutoZone news, VP Eric S. Gould sold 2,100 shares of the business's stock in a transaction that occurred on 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Grant E. Mcgee sold 693 shares of the firm's stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $2,654.14, for a total transaction of $1,839,319.02. Following the sale, the vice president now owns 251 shares in the company, valued at approximately $666,189.14. The disclosure for this sale can be found here. Insiders sold a total of 19,583 shares of company stock worth $60,056,012 over the last ninety days. 2.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. William Blair restated an "outperform" rating on shares of AutoZone in a report on Wednesday, December 13th. Wedbush boosted their target price on AutoZone from $2,950.00 to $3,400.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 28th. DA Davidson increased their price target on AutoZone from $2,770.00 to $3,025.00 and gave the company a "neutral" rating in a research report on Wednesday, February 28th. Barclays boosted their price objective on AutoZone from $2,779.00 to $3,100.00 and gave the stock an "overweight" rating in a research report on Thursday, February 29th. Finally, Evercore ISI raised their target price on AutoZone from $3,375.00 to $3,400.00 and gave the company an "outperform" rating in a research report on Tuesday, March 26th. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average 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.

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