Lbp Am Sa Reduces Stock Position in AutoZone, Inc. $AZO

Lbp Am Sa lowered its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 18.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 912 shares of the company’s stock after selling 200 shares during the quarter. Lbp Am Sa’s holdings in AutoZone were worth $3,093,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in AutoZone by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,797,548 shares of the company’s stock valued at $7,711,912,000 after acquiring an additional 26,544 shares during the period. PineStone Asset Management Inc. boosted its holdings in AutoZone by 1.5% during the 4th quarter. PineStone Asset Management Inc. now owns 269,173 shares of the company’s stock valued at $912,900,000 after acquiring an additional 3,868 shares during the period. Northern Trust Corp boosted its holdings in AutoZone by 1.2% during the 3rd quarter. Northern Trust Corp now owns 189,789 shares of the company’s stock valued at $814,240,000 after acquiring an additional 2,333 shares during the period. Marshfield Associates boosted its holdings in AutoZone by 3.2% during the 3rd quarter. Marshfield Associates now owns 172,332 shares of the company’s stock valued at $739,347,000 after acquiring an additional 5,293 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in AutoZone by 0.5% during the 3rd quarter. Alliancebernstein L.P. now owns 166,369 shares of the company’s stock valued at $713,763,000 after acquiring an additional 747 shares during the period. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Price Performance

Shares of NYSE AZO opened at $3,578.99 on Friday. The stock has a market capitalization of $58.98 billion, a P/E ratio of 25.07, a price-to-earnings-growth ratio of 1.78 and a beta of 0.41. AutoZone, Inc. has a 1-year low of $3,210.72 and a 1-year high of $4,388.11. The business has a fifty day moving average price of $3,573.58 and a 200 day moving average price of $3,668.63.

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

Insider Transactions at AutoZone

In other AutoZone news, Director Earl G. Graves, Jr. sold 50 shares of the stock in a transaction dated 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 completion of the sale, the director directly owned 4,837 shares in the company, valued at approximately $16,826,568.64. This trade represents a 1.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Richard Craig Smith sold 5,910 shares of the stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $3,700.00, for a total value of $21,867,000.00. Following the completion of the sale, the vice president owned 2,627 shares of the company’s stock, valued at approximately $9,719,900. This trade represents a 69.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AZO. DA Davidson set a $4,300.00 price objective on AutoZone in a report on Thursday, March 5th. Argus raised AutoZone from a “hold” rating to a “buy” rating and set a $4,325.00 price target on the stock in a research report on Monday, March 9th. Truist Financial dropped their price target on AutoZone from $4,076.00 to $4,045.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. Morgan Stanley increased their price target on AutoZone from $4,000.00 to $4,020.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Finally, UBS Group set a $4,800.00 price target on AutoZone in a research report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, AutoZone has an average rating of “Moderate Buy” and an average price target 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.