Yousif Capital Management LLC Decreases Holdings in AutoZone, Inc. (NYSE:AZO)

Yousif Capital Management LLC trimmed its position in shares of AutoZone, Inc. (NYSE:AZO) by 22.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its stake in AutoZone by 232,194.6% in the 4th quarter. International Assets Investment Management LLC now owns 731,728 shares of the company’s stock worth $1,891,963,000 after acquiring an additional 731,413 shares in the last quarter. Wellington Management Group LLP grew its stake in AutoZone by 111.4% in the 3rd quarter. Wellington Management Group LLP now owns 335,190 shares of the company’s stock worth $851,379,000 after acquiring an additional 176,623 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its stake in shares of AutoZone by 341.5% during the third quarter. Ontario Teachers Pension Plan Board now owns 159,285 shares of the company’s stock valued at $404,582,000 after purchasing an additional 123,208 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of AutoZone by 42.6% during the fourth quarter. Nordea Investment Management AB now owns 195,084 shares of the company’s stock valued at $501,512,000 after purchasing an additional 58,234 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of AutoZone by 196.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 51,460 shares of the company’s stock valued at $133,055,000 after purchasing an additional 34,092 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Chairman William C. Rhodes III sold 6,700 shares of the business’s stock in a transaction that occurred 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 owns 15,357 shares in the company, valued at approximately $48,992,208.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Chairman William C. Rhodes III sold 6,700 shares of the business’s stock in a transaction that occurred 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 owns 15,357 shares in the company, valued at approximately $48,992,208.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Richard Craig Smith sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $2,997.76, for a total transaction of $8,993,280.00. Following the sale, the vice president now owns 2,921 shares of the company’s stock, valued at approximately $8,756,456.96. The disclosure for this sale can be found here. Insiders sold 15,990 shares of company stock worth $50,335,193 in the last 90 days. Corporate insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AZO shares. Barclays increased their target price on shares of AutoZone from $2,779.00 to $3,100.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. Morgan Stanley increased their target price on shares of AutoZone from $2,900.00 to $3,100.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Truist Financial raised their price target on shares of AutoZone from $3,363.00 to $3,523.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. DA Davidson raised their price target on shares of AutoZone from $2,770.00 to $3,025.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Finally, Evercore ISI decreased their price target on shares of AutoZone from $3,400.00 to $3,346.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $3,086.61.

AutoZone Trading Up 0.9 %

NYSE:AZO opened at $2,988.51 on Thursday. The company’s 50-day moving average price is $3,020.17 and its 200-day moving average price is $2,768.74. The company has a market cap of $51.76 billion, a P/E ratio of 21.04, a P/E/G ratio of 1.47 and a beta of 0.70. AutoZone, Inc. has a twelve month low of $2,277.88 and a twelve month high of $3,256.37.

AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $28.89 earnings per share for the quarter, beating analysts’ consensus estimates of $26.08 by $2.81. The firm had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $4.32 billion. AutoZone had a net margin of 14.70% and a negative return on equity of 56.06%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $24.64 earnings per share. On average, analysts expect that AutoZone, Inc. will post 152.4 earnings per share for the current year.

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.