Two Sigma Securities LLC Purchases 308 Shares of AutoZone, Inc. (NYSE:AZO)

Two Sigma Securities LLC raised its stake in AutoZone, Inc. (NYSE:AZO - Free Report) by 41.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,043 shares of the company's stock after buying an additional 308 shares during the period. AutoZone comprises 0.4% of Two Sigma Securities LLC's holdings, making the stock its 16th biggest holding. Two Sigma Securities LLC's holdings in AutoZone were worth $3,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of AZO. Nebula Research & Development LLC grew its position in shares of AutoZone by 511.9% in the fourth quarter. Nebula Research & Development LLC now owns 618 shares of the company's stock valued at $1,979,000 after purchasing an additional 517 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in shares of AutoZone by 3.4% in the 4th quarter. Lord Abbett & CO. LLC now owns 21,929 shares of the company's stock valued at $70,217,000 after buying an additional 728 shares during the period. Kovitz Investment Group Partners LLC boosted its stake in shares of AutoZone by 27.5% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 7,583 shares of the company's stock valued at $24,280,000 after buying an additional 1,634 shares during the period. Empire Financial Management Company LLC lifted its stake in AutoZone by 10.9% during the fourth quarter. Empire Financial Management Company LLC now owns 438 shares of the company's stock worth $1,402,000 after purchasing an additional 43 shares during the last quarter. Finally, Guardian Wealth Management Inc. lifted its stake in AutoZone by 0.7% during the fourth quarter. Guardian Wealth Management Inc. now owns 1,885 shares of the company's stock worth $6,036,000 after purchasing an additional 14 shares during the last quarter. Institutional investors own 92.74% of the company's stock.

AutoZone Stock Performance

Shares of NYSE:AZO traded up $35.69 during trading hours on Wednesday, hitting $3,740.64. The stock had a trading volume of 35,981 shares, compared to its average volume of 131,042. The stock's fifty day simple moving average is $3,601.66 and its 200 day simple moving average is $3,368.15. The firm has a market capitalization of $62.78 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 1.86 and a beta of 0.54. AutoZone, Inc. has a 1-year low of $2,728.97 and a 1-year high of $3,916.81.

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 analysts' consensus estimates of $29.11 by ($0.82). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The business had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.98 billion. As a group, research analysts anticipate that AutoZone, Inc. will post 152.94 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AZO shares. Morgan Stanley boosted their price objective on AutoZone from $3,490.00 to $3,750.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. Barclays upped their price objective on AutoZone from $3,024.00 to $3,585.00 and gave the stock an "overweight" rating in a report on Thursday, January 9th. Wells Fargo & Company upped their target price on AutoZone from $3,750.00 to $3,850.00 and gave the company an "overweight" rating in a report on Wednesday, March 5th. Mizuho boosted their target price on shares of AutoZone from $3,600.00 to $3,740.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Finally, Guggenheim lifted their price target on shares of AutoZone from $3,750.00 to $3,850.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Four investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, AutoZone has an average rating of "Buy" and an average target price of $3,724.00.

Insider Buying and Selling at AutoZone

In other AutoZone news, VP Domingo Hurtado sold 4,800 shares of AutoZone stock in a transaction that occurred on Tuesday, April 22nd. The shares were sold at an average price of $3,660.00, for a total transaction of $17,568,000.00. Following the transaction, the vice president now directly owns 159 shares in the company, valued at approximately $581,940. The trade was a 96.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Bailey L. Childress sold 160 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the transaction, the senior vice president now owns 50 shares in the company, valued at approximately $177,500. This represents a 76.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,521 shares of company stock valued at $42,177,331. Corporate insiders own 2.10% of the company's stock.

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.