MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $6.10 Million Stake in AutoZone, Inc. (NYSE:AZO)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its stake in AutoZone, Inc. (NYSE:AZO) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,906 shares of the company’s stock after selling 67 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in AutoZone were worth $6,103,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC increased its stake in shares of AutoZone by 482,040.2% in the 4th quarter. Proficio Capital Partners LLC now owns 419,462 shares of the company’s stock valued at $1,343,117,000 after buying an additional 419,375 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of AutoZone by 5.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 324,616 shares of the company’s stock valued at $1,039,421,000 after acquiring an additional 17,518 shares during the period. Norges Bank bought a new position in AutoZone in the fourth quarter valued at about $834,556,000. PineStone Asset Management Inc. increased its position in AutoZone by 6.9% in the fourth quarter. PineStone Asset Management Inc. now owns 213,575 shares of the company’s stock worth $683,867,000 after purchasing an additional 13,771 shares during the period. Finally, Deutsche Bank AG increased its position in AutoZone by 14.6% in the fourth quarter. Deutsche Bank AG now owns 204,822 shares of the company’s stock worth $655,840,000 after purchasing an additional 26,036 shares during the period. Institutional investors and hedge funds own 92.74% of the company’s stock.

Insider Buying and Selling at AutoZone

In other news, VP Domingo Hurtado sold 4,800 shares of the stock in a transaction dated Tuesday, April 22nd. The shares were sold at an average price of $3,660.00, for a total value of $17,568,000.00. Following the sale, the vice president now directly owns 159 shares of the company’s stock, valued at approximately $581,940. This represents a 96.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Bailey L. Childress sold 160 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the completion of the transaction, the senior vice president now owns 50 shares of the company’s stock, valued at $177,500. This trade represents a 76.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,521 shares of company stock valued at $42,177,331 in the last 90 days. 2.10% of the stock is currently owned by company insiders.

AutoZone Trading Up 0.6%

Shares of NYSE AZO opened at $3,779.98 on Monday. The stock has a fifty day simple moving average of $3,658.37 and a two-hundred day simple moving average of $3,423.45. AutoZone, Inc. has a 1-year low of $2,728.97 and a 1-year high of $3,916.81. The firm has a market cap of $63.44 billion, a price-to-earnings ratio of 25.25, a price-to-earnings-growth ratio of 1.86 and a beta of 0.44.

AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing analysts’ consensus estimates 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 forecast that AutoZone, Inc. will post 152.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Bank of America raised their target price on shares of AutoZone from $3,600.00 to $3,700.00 and gave the company a “neutral” rating in a research note on Wednesday, March 5th. The Goldman Sachs Group upgraded shares of AutoZone from a “sell” rating to a “neutral” rating and increased their price objective for the company from $3,044.00 to $3,811.00 in a report on Tuesday, April 1st. Truist Financial lifted their target price on shares of AutoZone from $3,841.00 to $3,995.00 and gave the stock a “buy” rating in a report on Tuesday, May 6th. Roth Capital set a $3,763.00 target price on shares of AutoZone in a research report on Wednesday, March 5th. Finally, Wedbush restated an “outperform” rating and issued a $3,700.00 price target on shares of AutoZone in a research report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, AutoZone presently has a consensus rating of “Buy” and a consensus price target of $3,821.91.

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.