Private Advisor Group LLC Has $1.76 Million Stock Holdings in AutoZone, Inc. (NYSE:AZO)

Private Advisor Group LLC increased its holdings in shares of AutoZone, Inc. (NYSE:AZOFree Report) by 37.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 680 shares of the company’s stock after purchasing an additional 184 shares during the period. Private Advisor Group LLC’s holdings in AutoZone were worth $1,758,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Venturi Wealth Management LLC lifted its position in shares of AutoZone by 2.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 202 shares of the company’s stock worth $513,000 after purchasing an additional 4 shares during the last quarter. Plancorp LLC increased its stake in AutoZone by 3.0% during the third quarter. Plancorp LLC now owns 136 shares of the company’s stock valued at $345,000 after acquiring an additional 4 shares during the period. Alcosta Capital Management Inc. increased its stake in AutoZone by 0.3% during the third quarter. Alcosta Capital Management Inc. now owns 1,255 shares of the company’s stock valued at $3,188,000 after acquiring an additional 4 shares during the period. Hohimer Wealth Management LLC increased its stake in AutoZone by 1.1% during the third quarter. Hohimer Wealth Management LLC now owns 361 shares of the company’s stock valued at $917,000 after acquiring an additional 4 shares during the period. Finally, Summit Trail Advisors LLC increased its stake in AutoZone by 3.8% during the fourth quarter. Summit Trail Advisors LLC now owns 110 shares of the company’s stock valued at $283,000 after acquiring an additional 4 shares during the period. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Stock Down 1.4 %

AZO stock opened at $2,937.92 on Tuesday. The business’s fifty day moving average is $3,054.09 and its 200-day moving average is $2,806.69. The company has a market cap of $50.88 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 1.48 and a beta of 0.72. AutoZone, Inc. has a twelve month low of $2,277.88 and a twelve month high of $3,256.37.

AutoZone (NYSE:AZOGet Free Report) last posted its quarterly earnings results 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 company had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $4.32 billion. AutoZone had a negative return on equity of 56.06% and a net margin of 14.70%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $24.64 EPS. Research analysts anticipate that AutoZone, Inc. will post 152.4 earnings per share for the current fiscal year.

Insider Activity

In related news, Chairman William C. Rhodes III sold 6,700 shares of the company’s stock in a transaction on 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 approximately $48,992,208.54. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Chairman William C. Rhodes III sold 6,700 shares of the company’s stock in a transaction on 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 approximately $48,992,208.54. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Philip B. Daniele sold 4,190 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $3,161.68, for a total transaction of $13,247,439.20. Following the completion of the sale, the chief executive officer now owns 900 shares of the company’s stock, valued at approximately $2,845,512. The disclosure for this sale can be found here. Insiders have sold a total of 15,990 shares of company stock valued at $50,335,193 in the last 90 days. 2.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Truist Financial boosted their price target on AutoZone from $3,363.00 to $3,523.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. boosted their price target 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. Citigroup lowered their price target on AutoZone from $3,505.00 to $3,420.00 and set a “buy” rating on the stock in a research note on Tuesday, May 7th. Morgan Stanley upped their price objective 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. Finally, UBS Group upped their price objective 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. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AutoZone presently has a consensus rating of “Moderate Buy” and a consensus price target of $3,108.83.

Get Our Latest Analysis on AZO

AutoZone Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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