Schonfeld Strategic Advisors LLC Sells 288 Shares of AutoZone, Inc. (NYSE:AZO)

Schonfeld Strategic Advisors LLC lessened its holdings in AutoZone, Inc. (NYSE:AZO - Free Report) by 19.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,212 shares of the company's stock after selling 288 shares during the period. Schonfeld Strategic Advisors LLC's holdings in AutoZone were worth $3,881,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of AZO. Franklin Resources Inc. raised its position in shares of AutoZone by 18.1% in the third quarter. Franklin Resources Inc. now owns 44,946 shares of the company's stock valued at $141,717,000 after purchasing an additional 6,898 shares during the period. Assenagon Asset Management S.A. increased its stake in AutoZone by 29.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 34,808 shares of the company's stock valued at $111,455,000 after acquiring an additional 7,922 shares during the period. Silverleafe Capital Partners LLC increased its position in shares of AutoZone by 1.0% during the fourth quarter. Silverleafe Capital Partners LLC now owns 2,642 shares of the company's stock valued at $8,460,000 after purchasing an additional 26 shares during the period. Barclays PLC boosted its stake in AutoZone by 82.6% during the fourth quarter. Barclays PLC now owns 170,216 shares of the company's stock worth $545,033,000 after buying an additional 77,015 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of AutoZone by 13.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 66,016 shares of the company's stock valued at $211,383,000 after buying an additional 7,586 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group raised AutoZone from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $3,044.00 to $3,811.00 in a report on Tuesday, April 1st. DA Davidson upgraded AutoZone from a "neutral" rating to a "buy" rating and increased their price target for the stock from $3,500.00 to $4,192.00 in a research report on Friday, March 21st. Truist Financial lifted their price target on AutoZone from $3,841.00 to $3,995.00 and gave the company a "buy" rating in a report on Tuesday. Bank of America upped their target price on shares of AutoZone from $3,600.00 to $3,700.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 5th. Finally, Morgan Stanley increased their price objective on AutoZone from $3,490.00 to $3,750.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. Four analysts have rated the stock with a hold rating, seventeen have given a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $3,821.91.

Insiders Place Their Bets

In other AutoZone news, CEO Philip B. Daniele sold 2,000 shares of AutoZone stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $3,800.01, for a total value of $7,600,020.00. Following the sale, the chief executive officer now directly owns 163 shares in the company, valued at approximately $619,401.63. The trade was a 92.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Domingo Hurtado sold 4,800 shares of the business's stock in a transaction dated Tuesday, April 22nd. The stock was sold at an average price of $3,660.00, for a total transaction of $17,568,000.00. Following the sale, the vice president now directly owns 159 shares in the company, valued at $581,940. This trade represents a 96.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,521 shares of company stock worth $42,177,331. Corporate insiders own 2.10% of the company's stock.

AutoZone Stock Performance

NYSE:AZO traded down $0.39 on Wednesday, reaching $3,746.63. The company's stock had a trading volume of 86,473 shares, compared to its average volume of 131,581. The business's 50-day moving average price is $3,636.76 and its two-hundred day moving average price is $3,389.32. AutoZone, Inc. has a 1-year low of $2,728.97 and a 1-year high of $3,916.81. The firm has a market cap of $62.88 billion, a PE ratio of 25.03, a PEG ratio of 1.86 and a beta of 0.44.

AutoZone (NYSE:AZO - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share for the quarter, missing the consensus estimate of $29.11 by ($0.82). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The company had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.98 billion. As a group, sell-side analysts expect that AutoZone, Inc. will post 152.94 EPS for the current year.

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.