Gen Wealth Partners Inc Purchases 54 Shares of AutoZone, Inc. (NYSE:AZO)

Gen Wealth Partners Inc raised its position in AutoZone, Inc. (NYSE:AZO) by 30.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 234 shares of the company’s stock after purchasing an additional 54 shares during the quarter. Gen Wealth Partners Inc’s holdings in AutoZone were worth $749,000 as of its most recent SEC filing.

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

AutoZone Price Performance

Shares of AZO stock opened at $3,658.70 on Friday. The stock has a 50 day simple moving average of $3,649.54 and a 200-day simple moving average of $3,398.25. AutoZone, Inc. has a 1-year low of $2,728.97 and a 1-year high of $3,916.81. The company has a market cap of $61.40 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 1.86 and a beta of 0.44.

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

Insiders Place Their Bets

In other news, SVP Bailey L. Childress sold 160 shares of the company’s stock in a transaction 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 sale, the senior vice president now owns 50 shares of the company’s stock, valued at $177,500. This represents a 76.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Domingo Hurtado sold 4,800 shares of the firm’s stock in a transaction dated 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 approximately $581,940. This represents a 96.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 11,521 shares of company stock worth $42,177,331. Corporate insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AZO. Guggenheim lifted their price target on shares of AutoZone from $3,750.00 to $3,850.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. DA Davidson upgraded shares of AutoZone from a “neutral” rating to a “buy” rating and raised their target price for the company from $3,500.00 to $4,192.00 in a research note on Friday, March 21st. Truist Financial increased their price objective on shares of AutoZone from $3,841.00 to $3,995.00 and gave the company a “buy” rating in a research report on Tuesday. Evercore ISI upped their target price on AutoZone from $3,525.00 to $3,700.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Finally, Wedbush reaffirmed an “outperform” rating and set a $3,700.00 price target on shares of AutoZone in a research report on Wednesday, March 5th. Four investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $3,821.91.

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.