Hager Investment Management Services LLC Has $227,000 Stake in AutoZone, Inc. $AZO

Hager Investment Management Services LLC decreased its position in AutoZone, Inc. (NYSE:AZO) by 86.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67 shares of the company’s stock after selling 444 shares during the quarter. Hager Investment Management Services LLC’s holdings in AutoZone were worth $227,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Turning Point Benefit Group Inc. acquired a new position in shares of AutoZone in the third quarter valued at approximately $25,000. Raleigh Capital Management Inc. acquired a new stake in AutoZone during the third quarter worth approximately $26,000. Global Trust Asset Management LLC grew its position in AutoZone by 600.0% during the third quarter. Global Trust Asset Management LLC now owns 7 shares of the company’s stock worth $30,000 after buying an additional 6 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in AutoZone during the third quarter worth approximately $34,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in AutoZone during the third quarter worth approximately $43,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Stock Up 2.4%

NYSE AZO opened at $3,469.94 on Thursday. AutoZone, Inc. has a twelve month low of $3,210.72 and a twelve month high of $4,388.11. The company has a market cap of $57.18 billion, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 1.74 and a beta of 0.41. The business’s fifty day moving average is $3,597.38 and its 200 day moving average is $3,697.06.

AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, March 3rd. The company reported $27.63 earnings per share for the quarter, beating the consensus estimate of $27.59 by $0.04. AutoZone had a negative return on equity of 72.31% and a net margin of 12.47%.The company had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same quarter last year, the business posted $28.29 EPS. AutoZone’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, research analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Insider Buying and Selling at AutoZone

In related news, VP Richard Craig Smith sold 5,910 shares of the firm’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $3,700.00, for a total transaction of $21,867,000.00. Following the sale, the vice president owned 2,627 shares of the company’s stock, valued at $9,719,900. This trade represents a 69.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AZO. Robert W. Baird downgraded AutoZone from an “outperform” rating to a “neutral” rating and set a $3,900.00 price target on the stock. in a research report on Monday, February 9th. UBS Group set a $4,800.00 price target on AutoZone in a research report on Tuesday, March 3rd. DA Davidson set a $4,300.00 price target on AutoZone in a research report on Thursday, March 5th. Citigroup increased 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. Finally, JPMorgan Chase & Co. increased their price target on AutoZone from $4,100.00 to $4,300.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $4,312.13.

AutoZone Profile

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.