Koshinski Asset Management Inc. Has $3.38 Million Holdings in AutoZone, Inc. $AZO

Koshinski Asset Management Inc. cut its holdings in AutoZone, Inc. (NYSE:AZO) by 16.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 996 shares of the company’s stock after selling 196 shares during the period. Koshinski Asset Management Inc.’s holdings in AutoZone were worth $3,377,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AZO. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of AutoZone by 39.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 176,986 shares of the company’s stock valued at $584,730,000 after acquiring an additional 50,071 shares during the last quarter. AQR Capital Management LLC increased its position in shares of AutoZone by 80.8% in the third quarter. AQR Capital Management LLC now owns 101,185 shares of the company’s stock valued at $432,059,000 after acquiring an additional 45,212 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of AutoZone by 401.2% in the third quarter. Victory Capital Management Inc. now owns 51,803 shares of the company’s stock valued at $222,247,000 after acquiring an additional 41,467 shares during the last quarter. Rakuten Investment Management Inc. acquired a new stake in shares of AutoZone in the third quarter valued at about $149,656,000. Finally, Vanguard Group Inc. increased its holdings in AutoZone by 1.5% during the third quarter. Vanguard Group Inc. now owns 1,797,548 shares of the company’s stock worth $7,711,912,000 after buying an additional 26,544 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Price Performance

NYSE:AZO opened at $3,552.69 on Friday. AutoZone, Inc. has a one year low of $3,210.72 and a one year high of $4,388.11. The company has a market cap of $58.55 billion, a P/E ratio of 24.89, a P/E/G ratio of 1.81 and a beta of 0.43. The firm’s fifty day moving average price is $3,530.25 and its two-hundred day moving average price is $3,617.57.

AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, March 3rd. The company reported $27.63 EPS for the quarter, beating the consensus estimate of $27.59 by $0.04. AutoZone had a net margin of 12.47% and a negative return on equity of 72.31%. The firm had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same period in the previous year, the company earned $28.29 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, equities research analysts expect that AutoZone, Inc. will post 148.93 earnings per share for the current year.

Insider Activity at AutoZone

In other news, Director Earl G. Graves, Jr. sold 50 shares of the company’s stock in a transaction that occurred 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 transaction, 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 can be accessed through this link. Insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Mizuho boosted their target price on shares of AutoZone from $3,550.00 to $3,600.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Barclays boosted their target price on shares of AutoZone from $3,800.00 to $3,900.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Oppenheimer restated an “outperform” rating and set a $4,300.00 target price (up from $4,150.00) on shares of AutoZone in a report on Tuesday, March 10th. TD Cowen lowered their price target on AutoZone from $4,400.00 to $4,250.00 and set a “buy” rating on the stock in a research report on Monday, March 16th. Finally, Citigroup boosted their price target on AutoZone from $4,200.00 to $4,300.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $4,312.13.

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.