1,615 Shares in AutoZone, Inc. (NYSE:AZO) Bought by Sapient Capital LLC

Sapient Capital LLC bought a new stake in AutoZone, Inc. (NYSE:AZO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,615 shares of the company's stock, valued at approximately $4,176,000.

Other institutional investors have also modified their holdings of the company. RB Capital Management LLC purchased a new position in AutoZone in the 1st quarter valued at $274,000. Fairfield Bush & CO. purchased a new stake in shares of AutoZone in the 1st quarter worth about $57,000. Roundview Capital LLC boosted its position in shares of AutoZone by 8.1% in the 1st quarter. Roundview Capital LLC now owns 426 shares of the company's stock worth $871,000 after buying an additional 32 shares in the last quarter. Cetera Advisor Networks LLC boosted its position in shares of AutoZone by 31.7% in the 1st quarter. Cetera Advisor Networks LLC now owns 237 shares of the company's stock worth $485,000 after buying an additional 57 shares in the last quarter. Finally, Sei Investments Co. boosted its position in shares of AutoZone by 24.4% in the 1st quarter. Sei Investments Co. now owns 12,966 shares of the company's stock worth $26,331,000 after buying an additional 2,545 shares in the last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.

AutoZone Trading Down 0.6 %

NYSE:AZO traded down $18.99 on Thursday, hitting $3,006.76. 115,877 shares of the company's stock traded hands, compared to its average volume of 156,412. AutoZone, Inc. has a 1 year low of $2,277.88 and a 1 year high of $3,256.37. The firm has a 50-day moving average price of $2,981.38 and a 200-day moving average price of $2,739.09. The company has a market cap of $52.08 billion, a PE ratio of 21.17, a price-to-earnings-growth ratio of 1.63 and a beta of 0.70.

AutoZone (NYSE:AZO - Get Free Report) last released its earnings results on Tuesday, February 27th. The company reported $28.89 earnings per share for the quarter, beating the consensus estimate of $26.08 by $2.81. The company had revenue of $3.86 billion for 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 business's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $24.64 EPS. On average, research analysts forecast that AutoZone, Inc. will post 151.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AZO has been the subject of a number of research analyst reports. Truist Financial upped their price objective on shares of AutoZone from $3,363.00 to $3,523.00 and gave the company a "buy" rating in a research note on Tuesday, April 2nd. Mizuho initiated coverage on AutoZone in a report on Tuesday, March 19th. They issued a "buy" rating and a $3,450.00 price target for the company. StockNews.com upgraded AutoZone from a "hold" rating to a "buy" rating in a research note on Thursday, April 4th. DA Davidson upped 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. Finally, TheStreet lowered AutoZone from a "c" rating to a "d+" rating in a research report on Wednesday, December 20th. 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $3,089.61.

Insider Activity

In other AutoZone news, VP Eric S. Gould sold 2,100 shares of AutoZone stock in a transaction that occurred on 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 transaction, the vice president now directly owns 910 shares of the company's stock, valued at approximately $2,912,000. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, VP Eric S. Gould sold 2,100 shares of the business's stock in a transaction that occurred 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 directly owns 910 shares in the company, valued at $2,912,000. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Grant E. Mcgee sold 693 shares of the company's stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $2,654.14, for a total value of $1,839,319.02. Following the completion of the sale, the vice president now owns 251 shares in the company, valued at $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 in the last three months. 2.50% of the stock is owned by insiders.

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.