MGO One Seven LLC Lowers Stock Position in AutoZone, Inc. $AZO

MGO One Seven LLC lessened its holdings in AutoZone, Inc. (NYSE:AZO) by 18.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 703 shares of the company’s stock after selling 159 shares during the period. MGO One Seven LLC’s holdings in AutoZone were worth $2,384,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of AutoZone by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,797,548 shares of the company’s stock worth $7,711,912,000 after purchasing an additional 26,544 shares during the period. PineStone Asset Management Inc. lifted its position in shares of AutoZone by 1.5% in the 4th quarter. PineStone Asset Management Inc. now owns 269,173 shares of the company’s stock worth $912,900,000 after purchasing an additional 3,868 shares during the period. Northern Trust Corp lifted its position in shares of AutoZone by 1.2% in the 3rd quarter. Northern Trust Corp now owns 189,789 shares of the company’s stock worth $814,240,000 after purchasing an additional 2,333 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of AutoZone by 39.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 176,986 shares of the company’s stock worth $584,730,000 after purchasing an additional 50,071 shares during the period. Finally, Marshfield Associates lifted its position in shares of AutoZone by 3.2% in the 3rd quarter. Marshfield Associates now owns 172,332 shares of the company’s stock worth $739,347,000 after purchasing an additional 5,293 shares during the period. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AZO shares. UBS Group set a $4,800.00 price target on shares of AutoZone in a research report on Tuesday, March 3rd. Evercore upped their price target on shares of AutoZone from $4,100.00 to $4,125.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. BMO Capital Markets lowered their price target on shares of AutoZone from $4,400.00 to $4,300.00 and set an “outperform” rating for the company in a research report on Wednesday, March 4th. Mizuho increased their target price on shares of AutoZone from $3,550.00 to $3,600.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Finally, Robert W. Baird cut shares of AutoZone from an “outperform” rating to a “neutral” rating and set a $3,900.00 target price for the company. in a research report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, AutoZone has a consensus rating of “Moderate Buy” and an average price target of $4,312.13.

Insider Transactions at AutoZone

In other AutoZone news, Director Earl G. Graves, Jr. sold 50 shares of the company’s stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $3,478.72, for a total transaction of $173,936.00. Following the transaction, the director owned 4,837 shares in the company, valued at approximately $16,826,568.64. This represents a 1.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.60% of the company’s stock.

AutoZone Trading Up 0.0%

Shares of AutoZone stock opened at $3,497.52 on Monday. AutoZone, Inc. has a 12-month low of $3,210.72 and a 12-month high of $4,388.11. The firm has a market capitalization of $57.64 billion, a price-to-earnings ratio of 24.50, a PEG ratio of 1.79 and a beta of 0.43. The firm’s 50 day simple moving average is $3,530.25 and its two-hundred day simple moving average is $3,617.57.

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

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.