AutoZone, Inc. $AZO Shares Purchased by Intact Investment Management Inc.

Intact Investment Management Inc. boosted its holdings in AutoZone, Inc. (NYSE:AZO) by 700.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 400 shares of the company’s stock after purchasing an additional 350 shares during the quarter. Intact Investment Management Inc.’s holdings in AutoZone were worth $1,357,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. purchased a new stake in AutoZone in the third quarter valued at approximately $26,000. Turning Point Benefit Group Inc. purchased a new stake in AutoZone in the third quarter valued at approximately $25,000. Global Trust Asset Management LLC lifted its stake in AutoZone by 600.0% in the third quarter. Global Trust Asset Management LLC now owns 7 shares of the company’s stock valued at $30,000 after buying an additional 6 shares during the last quarter. Salomon & Ludwin LLC purchased a new stake in AutoZone in the third quarter valued at approximately $34,000. Finally, Torren Management LLC purchased a new stake in AutoZone in the fourth quarter valued at approximately $27,000. 92.74% of the stock is owned by institutional investors and hedge funds.

AutoZone Stock Performance

NYSE:AZO opened at $3,481.60 on Tuesday. The stock has a fifty day moving average price of $3,544.72 and a two-hundred day moving average price of $3,627.63. The stock has a market capitalization of $57.38 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 1.84 and a beta of 0.43. AutoZone, Inc. has a 1 year low of $3,210.72 and a 1 year high of $4,388.11.

AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, March 3rd. The company reported $27.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $27.59 by $0.04. The firm had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.31 billion. AutoZone had a negative return on equity of 72.31% and a net margin of 12.47%.AutoZone’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $28.29 earnings per share. On average, analysts predict that AutoZone, Inc. will post 148.93 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AZO shares. DA Davidson set a $4,300.00 price objective on AutoZone in a research note on Thursday, March 5th. Oppenheimer restated an “outperform” rating and set a $4,300.00 price target (up from $4,150.00) on shares of AutoZone in a research note on Tuesday, March 10th. UBS Group set a $4,800.00 price target on AutoZone in a research note on Tuesday, March 3rd. Citigroup upped their price target on AutoZone from $4,200.00 to $4,300.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Finally, Evercore upped their price target on AutoZone from $4,100.00 to $4,125.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $4,312.13.

Insiders Place Their Bets

In other AutoZone news, Director Earl G. Graves, Jr. sold 50 shares of the company’s stock in a transaction on Friday, April 10th. The stock was sold at an average price of $3,478.72, for a total value of $173,936.00. Following the sale, the director owned 4,837 shares of the company’s stock, valued at approximately $16,826,568.64. This represents a 1.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.60% of the company’s stock.

About AutoZone

AutoZone, Inc (NYSE: AZO) is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.

AutoZone serves both do?it?yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.