Eschler Asset Management LLP Has $1.49 Million Holdings in AutoZone, Inc. (NYSE:AZO)

Eschler Asset Management LLP lowered its position in AutoZone, Inc. (NYSE:AZO) by 30.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 464 shares of the company’s stock after selling 199 shares during the quarter. AutoZone comprises approximately 3.5% of Eschler Asset Management LLP’s investment portfolio, making the stock its 8th biggest holding. Eschler Asset Management LLP’s holdings in AutoZone were worth $1,486,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in AutoZone in the 4th quarter valued at approximately $29,000. Flagship Wealth Advisors LLC bought a new position in shares of AutoZone in the fourth quarter worth $32,000. Harbour Investments Inc. increased its holdings in shares of AutoZone by 42.9% during the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock valued at $32,000 after purchasing an additional 3 shares during the period. Itau Unibanco Holding S.A. raised its stake in shares of AutoZone by 750.0% during the fourth quarter. Itau Unibanco Holding S.A. now owns 17 shares of the company’s stock valued at $54,000 after purchasing an additional 15 shares in the last quarter. Finally, Crews Bank & Trust acquired a new stake in AutoZone in the fourth quarter worth about $61,000. Institutional investors own 92.74% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Evercore ISI raised their target price on shares of AutoZone from $3,525.00 to $3,700.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Oppenheimer raised AutoZone from a “market perform” rating to an “outperform” rating and set a $4,600.00 target price on the stock in a report on Friday, May 2nd. Truist Financial increased their price target on AutoZone from $3,841.00 to $3,995.00 and gave the company a “buy” rating in a research note on Tuesday. DA Davidson raised AutoZone from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $3,500.00 to $4,192.00 in a research note on Friday, March 21st. Finally, BMO Capital Markets raised their target price on AutoZone from $3,700.00 to $3,850.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Four analysts have rated the stock with a hold rating, seventeen have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, AutoZone has an average rating of “Buy” and a consensus price target of $3,821.91.

AutoZone Stock Down 1.9 %

Shares of AutoZone stock opened at $3,674.75 on Friday. The stock has a market cap of $61.67 billion, a PE ratio of 24.55, a price-to-earnings-growth ratio of 1.86 and a beta of 0.44. AutoZone, Inc. has a 12 month low of $2,728.97 and a 12 month high of $3,916.81. The business has a fifty day simple moving average of $3,646.08 and a 200-day simple moving average of $3,394.93.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share for the quarter, missing the consensus estimate of $29.11 by ($0.82). The business had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.98 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. Analysts expect that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Insider Activity at AutoZone

In other news, CEO Philip B. Daniele sold 2,000 shares of the business’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $3,800.01, for a total transaction of $7,600,020.00. Following the transaction, the chief executive officer now directly owns 163 shares in the company, valued at $619,401.63. The trade was a 92.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Domingo Hurtado sold 4,800 shares of the company’s stock in a transaction on Tuesday, April 22nd. The stock was sold at an average price of $3,660.00, for a total transaction of $17,568,000.00. Following the completion of the transaction, the vice president now directly owns 159 shares in the company, valued at $581,940. This trade represents a 96.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,521 shares of company stock valued at $42,177,331. Corporate insiders own 2.10% of the company’s stock.

AutoZone Company 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.