L2 Asset Management LLC purchased a new position in shares of AutoZone, Inc. (NYSE:AZO – Get Rating) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 153 shares of the company’s stock, valued at approximately $320,000.
A number of other large investors also recently modified their holdings of AZO. D Orazio & Associates Inc. acquired a new stake in AutoZone during the third quarter worth approximately $25,000. Allworth Financial LP acquired a new stake in AutoZone during the fourth quarter worth approximately $29,000. CVA Family Office LLC bought a new stake in AutoZone during the fourth quarter worth $31,000. Larson Financial Group LLC lifted its stake in AutoZone by 157.1% during the fourth quarter. Larson Financial Group LLC now owns 18 shares of the company’s stock worth $38,000 after purchasing an additional 11 shares during the last quarter. Finally, Rosenberg Matthew Hamilton lifted its stake in AutoZone by 280.0% during the fourth quarter. Rosenberg Matthew Hamilton now owns 19 shares of the company’s stock worth $40,000 after purchasing an additional 14 shares during the last quarter. 95.97% of the stock is currently owned by institutional investors and hedge funds.
AZO has been the subject of several recent analyst reports. Truist Financial cut their target price on AutoZone from $2,329.00 to $2,215.00 in a research note on Wednesday, March 2nd. Argus upgraded AutoZone from a “hold” rating to a “buy” rating and set a $2,210.00 target price for the company in a research note on Tuesday, March 29th. JPMorgan Chase & Co. upped their target price on AutoZone from $2,175.00 to $2,200.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 2nd. Citigroup increased their price target on AutoZone from $2,210.00 to $2,250.00 in a research note on Friday. Finally, Raymond James increased their price target on AutoZone from $2,100.00 to $2,400.00 and gave the company an “outperform” rating in a research note on Tuesday, April 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $2,075.11.
AutoZone (NYSE:AZO – Get Rating) last issued its quarterly earnings results on Tuesday, March 1st. The company reported $22.30 earnings per share for the quarter, topping analysts’ consensus estimates of $17.79 by $4.51. AutoZone had a negative return on equity of 109.21% and a net margin of 15.44%. The firm had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same period last year, the business posted $14.93 EPS. The business’s revenue was up 15.8% compared to the same quarter last year. On average, research analysts expect that AutoZone, Inc. will post 111.56 EPS for the current fiscal year.
In other news, VP Albert Saltiel sold 2,752 shares of the firm’s stock in a transaction dated Thursday, April 7th. The stock was sold at an average price of $2,154.70, for a total value of $5,929,734.40. Following the completion of the sale, the vice president now directly owns 323 shares in the company, valued at approximately $695,968.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Eric S. Gould sold 2,550 shares of the firm’s stock in a transaction dated Thursday, March 24th. The shares were sold at an average price of $2,000.00, for a total value of $5,100,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,682 shares of company stock valued at $16,146,334. Company insiders own 2.60% of the company’s stock.
AutoZone Company Profile (Get Rating)
AutoZone, Inc retails and distributes automotive replacement parts and accessories. The company offers 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. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps, as well as tire repairs.
- Get a free copy of the StockNews.com research report on AutoZone (AZO)
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