E. Ohman J or Asset Management AB Sells 187 Shares of AutoZone, Inc. $AZO

E. Ohman J or Asset Management AB lessened its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 26.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 508 shares of the company’s stock after selling 187 shares during the period. E. Ohman J or Asset Management AB’s holdings in AutoZone were worth $1,723,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in AZO. Laurel Wealth Advisors LLC boosted its stake in shares of AutoZone by 371,123.0% in the second quarter. Laurel Wealth Advisors LLC now owns 935,482 shares of the company’s stock valued at $3,472,724,000 after buying an additional 935,230 shares during the period. Norges Bank bought a new position in AutoZone during the 2nd quarter worth $981,202,000. Vontobel Holding Ltd. raised its holdings in AutoZone by 277.3% in the 3rd quarter. Vontobel Holding Ltd. now owns 102,567 shares of the company’s stock valued at $440,037,000 after acquiring an additional 75,382 shares in the last quarter. AQR Capital Management LLC raised its holdings in AutoZone by 80.8% in the 3rd quarter. AQR Capital Management LLC now owns 101,185 shares of the company’s stock valued at $432,059,000 after acquiring an additional 45,212 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of AutoZone by 401.2% during the 3rd quarter. Victory Capital Management Inc. now owns 51,803 shares of the company’s stock valued at $222,247,000 after acquiring an additional 41,467 shares during the period. 92.74% of the stock is owned by institutional investors.

Insider Transactions at AutoZone

In other news, VP Richard Craig Smith sold 5,910 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the vice president directly owned 2,627 shares in the company, valued at $9,719,900. This trade represents a 69.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Earl G. Graves, Jr. sold 250 shares of AutoZone stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $3,295.00, for a total value of $823,750.00. Following the completion of the transaction, the director directly owned 4,887 shares in the company, valued at approximately $16,102,665. This represents a 4.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 9,447 shares of company stock worth $34,179,923 over the last ninety days. 2.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on AZO shares. Raymond James Financial decreased their price target on AutoZone from $4,800.00 to $4,600.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, December 10th. The Goldman Sachs Group upped their price objective on shares of AutoZone from $4,274.00 to $4,345.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Truist Financial decreased their target price on shares of AutoZone from $4,076.00 to $4,045.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. Jefferies Financial Group restated a “buy” rating and set a $4,400.00 price objective on shares of AutoZone in a research report on Wednesday, December 10th. Finally, UBS Group set a $4,800.00 price target on AutoZone in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, AutoZone currently has a consensus rating of “Moderate Buy” and a consensus price target of $4,312.13.

AutoZone Stock Down 0.2%

Shares of AutoZone stock opened at $3,346.50 on Wednesday. The stock has a market cap of $55.15 billion, a price-to-earnings ratio of 23.44, a P/E/G ratio of 1.71 and a beta of 0.41. AutoZone, Inc. has a twelve month low of $3,210.72 and a twelve month high of $4,388.11. The company’s fifty day moving average is $3,650.25 and its 200 day moving average is $3,758.71.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, March 3rd. The company reported $27.63 earnings per share (EPS) for the quarter, topping 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 business had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.31 billion. During the same period last year, the company earned $28.29 EPS. AutoZone’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, equities analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share 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.