Yousif Capital Management LLC Has $6.81 Million Position in AutoZone, Inc. (NYSE:AZO)

Yousif Capital Management LLC cut its position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 22.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,633 shares of the company's stock after selling 744 shares during the period. Yousif Capital Management LLC's holdings in AutoZone were worth $6,808,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. CWM LLC raised its stake in shares of AutoZone by 1.3% in the 3rd quarter. CWM LLC now owns 301 shares of the company's stock valued at $765,000 after acquiring an additional 4 shares during the period. AE Wealth Management LLC raised its stake in shares of AutoZone by 65.6% in the 3rd quarter. AE Wealth Management LLC now owns 651 shares of the company's stock valued at $1,654,000 after acquiring an additional 258 shares during the period. Private Trust Co. NA raised its stake in shares of AutoZone by 2.9% in the 3rd quarter. Private Trust Co. NA now owns 142 shares of the company's stock valued at $361,000 after acquiring an additional 4 shares during the period. Galvin Gaustad & Stein LLC raised its stake in shares of AutoZone by 0.8% in the 3rd quarter. Galvin Gaustad & Stein LLC now owns 7,400 shares of the company's stock valued at $18,797,000 after acquiring an additional 60 shares during the period. Finally, Czech National Bank raised its stake in shares of AutoZone by 45.7% in the 3rd quarter. Czech National Bank now owns 3,174 shares of the company's stock valued at $8,062,000 after acquiring an additional 996 shares during the period. 92.74% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at AutoZone

In related news, VP Eric S. Gould sold 2,100 shares of the 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 sale, 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 filing with the SEC, which is available through this hyperlink. In other AutoZone news, Chairman William C. Rhodes III sold 6,700 shares of the firm's stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $3,190.22, for a total transaction of $21,374,474.00. Following the sale, the chairman now directly owns 15,357 shares of the company's stock, valued at approximately $48,992,208.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 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 disclosure for this sale can be found here. In the last three months, insiders have sold 15,990 shares of company stock valued at $50,335,193. Insiders own 2.50% of the company's stock.

AutoZone Trading Down 1.3 %

Shares of AZO traded down $40.11 during trading hours on Thursday, reaching $2,948.40. The company had a trading volume of 236,075 shares, compared to its average volume of 155,333. The firm has a 50 day simple moving average of $3,024.63 and a 200-day simple moving average of $2,769.99. The company has a market capitalization of $51.07 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 1.47 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $26.08 by $2.81. The business 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 revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm posted $24.64 EPS. Sell-side analysts forecast that AutoZone, Inc. will post 152.4 earnings per share for the current year.

Analyst Ratings Changes

AZO has been the topic of several recent research reports. Evercore ISI cut their target price on shares of AutoZone from $3,400.00 to $3,346.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 16th. Wedbush upped their target price on shares of AutoZone from $2,950.00 to $3,400.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 28th. Truist Financial upped their target price on shares of AutoZone from $3,363.00 to $3,523.00 and gave the stock a "buy" rating in a research note on Tuesday, April 2nd. Barclays boosted their price target on shares of AutoZone from $2,779.00 to $3,100.00 and gave the stock an "overweight" rating in a report on Thursday, February 29th. Finally, StockNews.com cut shares of AutoZone from a "buy" rating to a "hold" rating in a report on Friday, April 12th. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $3,086.61.

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.