Applied Finance Capital Management LLC Buys 384 Shares of AutoZone, Inc. $AZO

Applied Finance Capital Management LLC grew its stake in AutoZone, Inc. (NYSE:AZOFree Report) by 109.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 735 shares of the company’s stock after acquiring an additional 384 shares during the period. Applied Finance Capital Management LLC’s holdings in AutoZone were worth $2,493,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Lazard Asset Management LLC raised its holdings in AutoZone by 6.3% in the 2nd quarter. Lazard Asset Management LLC now owns 51 shares of the company’s stock valued at $189,000 after acquiring an additional 3 shares during the period. Covestor Ltd raised its holdings in AutoZone by 5.5% in the 3rd quarter. Covestor Ltd now owns 58 shares of the company’s stock valued at $250,000 after acquiring an additional 3 shares during the period. SYM FINANCIAL Corp raised its holdings in AutoZone by 3.6% in the 3rd quarter. SYM FINANCIAL Corp now owns 86 shares of the company’s stock valued at $369,000 after acquiring an additional 3 shares during the period. Assetmark Inc. raised its holdings in AutoZone by 1.4% in the 3rd quarter. Assetmark Inc. now owns 212 shares of the company’s stock valued at $908,000 after acquiring an additional 3 shares during the period. Finally, Camden National Bank raised its holdings in AutoZone by 3.6% in the 3rd quarter. Camden National Bank now owns 86 shares of the company’s stock valued at $369,000 after acquiring an additional 3 shares during the period. Institutional investors own 92.74% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on AZO. JPMorgan Chase & Co. increased their price target on shares of AutoZone from $4,100.00 to $4,300.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. Robert W. Baird cut shares of AutoZone from an “outperform” rating to a “neutral” rating and set a $3,900.00 price target on the stock. in a report on Monday, February 9th. BMO Capital Markets lowered their price target on shares of AutoZone from $4,400.00 to $4,300.00 and set an “outperform” rating on the stock in a report on Wednesday, March 4th. UBS Group set a $4,800.00 price target on shares of AutoZone in a report on Tuesday, March 3rd. Finally, Argus raised shares of AutoZone from a “hold” rating to a “buy” rating and set a $4,325.00 price target on the stock in a report on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, AutoZone presently has a consensus rating of “Moderate Buy” and a consensus target price of $4,312.13.

Read Our Latest Research Report on AZO

AutoZone Stock Performance

NYSE AZO opened at $3,318.09 on Friday. The firm’s fifty day moving average price is $3,492.44 and its two-hundred day moving average price is $3,597.74. The stock has a market cap of $54.68 billion, a PE ratio of 23.25, a PEG ratio of 1.73 and a beta of 0.43. AutoZone, Inc. has a fifty-two week low of $3,210.72 and a fifty-two week high of $4,388.11.

AutoZone (NYSE:AZOGet Free Report) last posted its earnings results on Tuesday, March 3rd. The company reported $27.63 earnings per share for the quarter, topping analysts’ consensus estimates of $27.59 by $0.04. The firm had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.31 billion. AutoZone had a net margin of 12.47% and a negative return on equity of 72.31%. The company’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $28.29 earnings per share. As a group, sell-side analysts predict that AutoZone, Inc. will post 148.93 earnings per share for the current fiscal year.

Insider Buying and Selling at AutoZone

In other AutoZone news, Director Earl G. Graves, Jr. sold 50 shares of the business’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $3,478.72, for a total transaction of $173,936.00. Following the sale, the director owned 4,837 shares of the company’s stock, valued at approximately $16,826,568.64. The trade was a 1.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.60% of the company’s stock.

AutoZone Profile

(Free Report)

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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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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