Legacy Bridge LLC Invests $32,000 in AutoZone, Inc. (NYSE:AZO)

Legacy Bridge LLC purchased a new position in AutoZone, Inc. (NYSE:AZO – Get Rating) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 13 shares of the company’s stock, valued at approximately $32,000.

Several other large investors have also recently modified their holdings of AZO. Royal Bank of Canada raised its position in shares of AutoZone by 368.0% in the 1st quarter. Royal Bank of Canada now owns 411,450 shares of the company’s stock worth $841,242,000 after purchasing an additional 323,536 shares during the last quarter. Great West Life Assurance Co. Can purchased a new position in AutoZone in the 3rd quarter worth about $88,576,000. Price T Rowe Associates Inc. MD raised its position in AutoZone by 24.6% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 141,802 shares of the company’s stock worth $303,731,000 after buying an additional 28,025 shares during the last quarter. Assenagon Asset Management S.A. raised its position in AutoZone by 297.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 32,749 shares of the company’s stock worth $70,146,000 after buying an additional 24,519 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky purchased a new position in AutoZone in the 3rd quarter worth about $51,994,000. Hedge funds and other institutional investors own 91.12% of the company’s stock.

Insider Activity at AutoZone

In other AutoZone news, CEO William C. Rhodes III sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $2,479.29, for a total value of $2,975,148.00. Following the completion of the transaction, the chief executive officer now directly owns 3,800 shares in the company, valued at approximately $9,421,302. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other AutoZone news, CEO William C. Rhodes III sold 3,800 shares of the company’s stock in a transaction that occurred on Wednesday, January 11th. The stock was sold at an average price of $2,431.95, for a total value of $9,241,410.00. Following the completion of the transaction, the chief executive officer now directly owns 14,825 shares in the company, valued at approximately $36,053,658.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William C. Rhodes III sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $2,479.29, for a total value of $2,975,148.00. Following the completion of the transaction, the chief executive officer now owns 3,800 shares of the company’s stock, valued at $9,421,302. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,872 shares of company stock worth $94,603,027. 2.59% of the stock is owned by company insiders.

AutoZone Trading Down 2.0 %

Shares of NYSE:AZO opened at $2,365.00 on Friday. The stock has a 50 day moving average of $2,452.02 and a 200 day moving average of $2,386.42. The company has a market cap of $44.39 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 1.65 and a beta of 0.69. AutoZone, Inc. has a 12-month low of $1,703.32 and a 12-month high of $2,610.05.

AutoZone (NYSE:AZO – Get Rating) last announced its quarterly earnings data on Tuesday, February 28th. The company reported $24.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $21.33 by $3.31. The company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.56 billion. AutoZone had a negative return on equity of 64.72% and a net margin of 14.32%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the company posted $22.30 EPS. Equities research analysts predict that AutoZone, Inc. will post 127.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. DA Davidson boosted their target price on AutoZone from $1,950.00 to $2,360.00 in a research report on Wednesday, December 7th. Roth Capital reissued a “buy” rating on shares of AutoZone in a research report on Tuesday, February 28th. Wells Fargo & Company upped their price target on shares of AutoZone from $2,450.00 to $2,850.00 and gave the company an “overweight” rating in a research report on Tuesday, November 29th. Bank of America lowered shares of AutoZone from a “neutral” rating to an “underperform” rating in a research report on Wednesday, December 14th. Finally, Wedbush upped their price target on shares of AutoZone from $2,350.00 to $2,600.00 in a research report on Monday, November 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, AutoZone presently has a consensus rating of “Moderate Buy” and an average target price of $2,652.76.

About AutoZone

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AutoZone, Inc engages in the retail and distribution of automotive replacement parts and accessories. The firm offers ALLDATA, which produces, sells, and maintains diagnostic and repair information software used in the automotive repair industry and E-commerce, which includes direct sales to customers.