Buckhead Capital Management LLC Acquires 203 Shares of AutoZone, Inc. (NYSE:AZO)

Buckhead Capital Management LLC increased its position in AutoZone, Inc. (NYSE:AZO) by 14.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,652 shares of the company’s stock after acquiring an additional 203 shares during the quarter. AutoZone comprises 1.6% of Buckhead Capital Management LLC’s investment portfolio, making the stock its 22nd largest holding. Buckhead Capital Management LLC’s holdings in AutoZone were worth $4,271,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Rock Creek Group LP purchased a new position in AutoZone during the 3rd quarter valued at about $25,000. ORG Partners LLC purchased a new position in AutoZone during the 3rd quarter valued at about $43,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in AutoZone during the 3rd quarter valued at about $51,000. Turtle Creek Wealth Advisors LLC purchased a new position in AutoZone during the 4th quarter valued at about $54,000. Finally, Buck Wealth Strategies LLC purchased a new position in AutoZone during the 3rd quarter valued at about $64,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Insider Buying and Selling

In related news, VP Eric S. Gould sold 2,100 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $3,200.00, for a total transaction of $6,720,000.00. Following the completion of the sale, the vice president now directly owns 910 shares of the company’s stock, valued at approximately $2,912,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other AutoZone news, VP Eric S. Gould sold 2,100 shares of AutoZone stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $3,200.00, for a total transaction of $6,720,000.00. Following the completion of the sale, the vice president now directly owns 910 shares of the company’s stock, valued at approximately $2,912,000. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman William C. Rhodes III sold 6,700 shares of AutoZone stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $3,190.22, for a total value of $21,374,474.00. Following the sale, the chairman now directly owns 15,357 shares of the company’s stock, valued at $48,992,208.54. The disclosure for this sale can be found here. In the last three months, insiders sold 15,990 shares of company stock valued at $50,335,193. Insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Truist Financial lifted their price target on AutoZone from $3,363.00 to $3,523.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Wedbush boosted their target price on AutoZone from $2,950.00 to $3,400.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 28th. JPMorgan Chase & Co. boosted their target price on AutoZone from $3,000.00 to $3,200.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Barclays boosted their target price on AutoZone from $2,779.00 to $3,100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Finally, DA Davidson boosted their target price on AutoZone from $2,770.00 to $3,025.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, AutoZone currently has a consensus rating of “Moderate Buy” and a consensus price target of $3,086.61.

AutoZone Price Performance

Shares of NYSE:AZO traded down $9.59 during trading on Wednesday, hitting $2,946.81. 95,197 shares of the company’s stock were exchanged, compared to its average volume of 153,550. AutoZone, Inc. has a 52-week low of $2,277.88 and a 52-week high of $3,256.37. The business’s 50-day simple moving average is $3,039.60 and its 200 day simple moving average is $2,781.38. The company has a market cap of $51.04 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 1.49 and a beta of 0.70.

AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, February 27th. The company reported $28.89 earnings per share for the quarter, beating the consensus estimate of $26.08 by $2.81. The business had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $4.32 billion. AutoZone had a negative return on equity of 56.06% and a net margin of 14.70%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $24.64 EPS. On average, sell-side analysts anticipate that AutoZone, Inc. will post 152.4 EPS for the current fiscal year.

AutoZone Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides 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.