AutoZone, Inc. (NYSE:AZO) Stake Lifted by TRUE Private Wealth Advisors

TRUE Private Wealth Advisors increased its stake in shares of AutoZone, Inc. (NYSE:AZO) by 30.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 160 shares of the company’s stock after buying an additional 37 shares during the quarter. TRUE Private Wealth Advisors’ holdings in AutoZone were worth $414,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Householder Group Estate & Retirement Specialist LLC bought a new position in AutoZone during the 3rd quarter worth $25,000. Rock Creek Group LP bought a new position in shares of AutoZone in the third quarter worth $25,000. First Capital Advisors Group LLC. bought a new position in shares of AutoZone in the second quarter worth $32,000. Mascoma Wealth Management LLC bought a new position in shares of AutoZone in the third quarter worth $38,000. Finally, MUFG Americas Holdings Corp grew its stake in shares of AutoZone by 166.7% in the third quarter. MUFG Americas Holdings Corp now owns 16 shares of the company’s stock worth $34,000 after purchasing an additional 10 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Evercore ISI decreased their target price on AutoZone from $3,400.00 to $3,346.00 and set an “outperform” rating for the company in a research note on Tuesday. Barclays raised their target price on AutoZone from $2,779.00 to $3,100.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. Morgan Stanley raised their target price on AutoZone from $2,900.00 to $3,100.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. UBS Group raised their target price on AutoZone from $3,100.00 to $3,425.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Finally, JPMorgan Chase & Co. raised their target price on AutoZone from $3,000.00 to $3,200.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $3,086.61.

AutoZone Stock Performance

Shares of NYSE AZO opened at $2,938.26 on Thursday. The firm has a market cap of $50.89 billion, a price-to-earnings ratio of 20.69, a P/E/G ratio of 1.45 and a beta of 0.70. The business’s 50-day simple moving average is $2,994.12 and its 200-day simple moving average is $2,752.63. AutoZone, Inc. has a 52 week low of $2,277.88 and a 52 week high of $3,256.37.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $28.89 EPS for the quarter, beating analysts’ consensus estimates of $26.08 by $2.81. The business had revenue of $3.86 billion for the quarter, compared to analyst estimates of $4.32 billion. AutoZone had a negative return on equity of 56.06% and a net margin of 14.70%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $24.64 EPS. As a group, equities research analysts forecast that AutoZone, Inc. will post 151.98 earnings per share for the current year.

Insider Buying and Selling at AutoZone

In other AutoZone news, Chairman William C. Rhodes III sold 6,700 shares of AutoZone stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $3,190.22, for a total value of $21,374,474.00. Following the transaction, the chairman now directly owns 15,357 shares of the company’s stock, valued at approximately $48,992,208.54. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, VP Eric S. Gould sold 2,100 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $3,200.00, for a total transaction of $6,720,000.00. Following the transaction, the vice president now owns 910 shares of the company’s stock, valued at $2,912,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman William C. Rhodes III sold 6,700 shares of the business’s stock in a transaction on 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 completion of the sale, the chairman now directly owns 15,357 shares in the company, valued at approximately $48,992,208.54. The disclosure for this sale can be found here. Insiders have sold 17,890 shares of company stock valued at $55,531,693 in the last 90 days. 2.50% of the stock is currently owned by insiders.

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.