Prime Capital Investment Advisors LLC Purchases 38 Shares of AutoZone, Inc. (NYSE:AZO)

Prime Capital Investment Advisors LLC grew its position in shares of AutoZone, Inc. (NYSE:AZO) by 12.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 355 shares of the company’s stock after purchasing an additional 38 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in AutoZone were worth $918,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AZO. Householder Group Estate & Retirement Specialist LLC acquired a new stake in AutoZone in the 3rd quarter valued at $25,000. Rock Creek Group LP acquired a new stake in AutoZone in the 3rd quarter valued at $25,000. First Capital Advisors Group LLC. acquired a new stake in AutoZone in the 2nd quarter valued at $32,000. Mascoma Wealth Management LLC acquired a new stake in AutoZone in the 3rd quarter valued at $38,000. Finally, MUFG Americas Holdings Corp grew its position in AutoZone by 166.7% in the 3rd quarter. MUFG Americas Holdings Corp now owns 16 shares of the company’s stock valued at $34,000 after purchasing an additional 10 shares during the period. Institutional investors own 92.74% of the company’s stock.

Insider Activity at AutoZone

In related news, VP Grant E. Mcgee sold 693 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $2,654.14, for a total value of $1,839,319.02. Following the sale, the vice president now directly owns 251 shares in the company, valued at approximately $666,189.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Grant E. Mcgee sold 693 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $2,654.14, for a total value of $1,839,319.02. Following the sale, the vice president now directly owns 251 shares in the company, valued at approximately $666,189.14. The sale was disclosed in a document filed 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 dated Tuesday, March 26th. The shares were sold at an average price of $3,190.22, for a total value of $21,374,474.00. Following the completion of the sale, the chairman now owns 15,357 shares in the company, valued at $48,992,208.54. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,583 shares of company stock worth $60,056,012. Company insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AZO shares. UBS Group lifted their price target on shares of AutoZone from $3,100.00 to $3,425.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. JPMorgan Chase & Co. lifted their price objective on shares of AutoZone from $3,000.00 to $3,200.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. DA Davidson lifted their price objective 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. StockNews.com raised shares of AutoZone from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. Finally, TheStreet downgraded shares of AutoZone from a “c” rating to a “d+” rating in a report on Wednesday, December 20th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $3,089.61.

AutoZone Stock Performance

Shares of NYSE:AZO opened at $3,042.78 on Wednesday. The company’s 50-day moving average is $2,976.10 and its 200 day moving average is $2,737.07. The company has a market capitalization of $52.70 billion, a P/E ratio of 21.43, a price-to-earnings-growth ratio of 1.64 and a beta of 0.70. AutoZone, Inc. has a fifty-two week low of $2,277.88 and a fifty-two week 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 (EPS) for the quarter, beating analysts’ consensus estimates of $26.08 by $2.81. AutoZone had a negative return on equity of 56.06% and a net margin of 14.70%. The business had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $4.32 billion. During the same period in the previous year, the business posted $24.64 EPS. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. As a group, research analysts predict that AutoZone, Inc. will post 151.33 earnings per share for the current year.

AutoZone Company 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.