Crossmark Global Holdings Inc. cut its position in shares of AutoZone, Inc. (NYSE:AZO – Free Report) by 49.3% during the 4th quarter, Holdings Channel reports. The firm owned 650 shares of the company’s stock after selling 632 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in AutoZone were worth $2,204,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Raleigh Capital Management Inc. purchased a new position in shares of AutoZone in the 3rd quarter worth approximately $26,000. Turning Point Benefit Group Inc. purchased a new stake in shares of AutoZone during the third quarter valued at approximately $25,000. Global Trust Asset Management LLC increased its position in shares of AutoZone by 600.0% during the third quarter. Global Trust Asset Management LLC now owns 7 shares of the company’s stock valued at $30,000 after acquiring an additional 6 shares during the last quarter. Torren Management LLC bought a new stake in AutoZone during the fourth quarter worth $27,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in AutoZone during the third quarter worth $43,000. 92.74% of the stock is owned by institutional investors.
Insider Activity at AutoZone
In related news, Director Earl G. Graves, Jr. sold 50 shares of the firm’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $3,478.72, for a total transaction of $173,936.00. Following the transaction, the director directly owned 4,837 shares of the company’s stock, valued at approximately $16,826,568.64. This trade represents a 1.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.60% of the company’s stock.
AutoZone Price Performance
AutoZone (NYSE:AZO – Get Free Report) last announced its earnings results on Tuesday, March 3rd. The company reported $27.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $27.59 by $0.04. AutoZone had a net margin of 12.47% and a negative return on equity of 72.31%. The company had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.31 billion. During the same period in the previous year, the business earned $28.29 earnings per share. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. As a group, equities research analysts expect that AutoZone, Inc. will post 148.93 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on AZO shares. Barclays upped their price objective on AutoZone from $3,800.00 to $3,900.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Truist Financial lowered their target price on AutoZone from $4,076.00 to $4,045.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Citigroup boosted their price target on shares of AutoZone from $4,200.00 to $4,300.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. The Goldman Sachs Group increased their price target on shares of AutoZone from $4,274.00 to $4,345.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Finally, Roth Mkm decreased their price objective on shares of AutoZone from $4,650.00 to $4,526.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, AutoZone has an average rating of “Moderate Buy” and an average price target of $4,312.13.
Check Out Our Latest Stock Report on AZO
AutoZone Profile
AutoZone, Inc (NYSE: AZO) is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.
AutoZone serves both do‑it‑yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.
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