Evelyn Partners Asset Management Ltd lessened its holdings in shares of AutoZone, Inc. (NYSE:AZO – Free Report) by 16.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,921 shares of the company’s stock after selling 372 shares during the period. AutoZone comprises approximately 1.5% of Evelyn Partners Asset Management Ltd’s investment portfolio, making the stock its 26th biggest position. Evelyn Partners Asset Management Ltd’s holdings in AutoZone were worth $6,515,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the business. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in shares of AutoZone by 6.6% during the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,966 shares of the company’s stock valued at $21,315,000 after acquiring an additional 306 shares in the last quarter. Numerai GP LLC raised its stake in shares of AutoZone by 1,199.3% during the third quarter. Numerai GP LLC now owns 1,754 shares of the company’s stock valued at $7,525,000 after acquiring an additional 1,619 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of AutoZone during the fourth quarter valued at approximately $1,808,000. ANTIPODES PARTNERS Ltd raised its stake in shares of AutoZone by 185.7% during the third quarter. ANTIPODES PARTNERS Ltd now owns 640 shares of the company’s stock valued at $2,746,000 after acquiring an additional 416 shares in the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund raised its stake in shares of AutoZone by 15.2% during the fourth quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 14,224 shares of the company’s stock valued at $48,241,000 after acquiring an additional 1,882 shares in the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.
Analysts Set New Price Targets
Several analysts have recently weighed in on the stock. Evercore reaffirmed an “outperform” rating on shares of AutoZone in a research note on Tuesday, May 26th. Morgan Stanley decreased their price target on shares of AutoZone from $4,020.00 to $3,605.00 and set an “overweight” rating for the company in a research note on Wednesday, May 27th. Robert W. Baird decreased their price target on shares of AutoZone from $3,900.00 to $3,600.00 and set a “neutral” rating for the company in a research note on Wednesday, May 27th. TD Cowen reaffirmed a “buy” rating and set a $3,700.00 price target on shares of AutoZone in a research note on Thursday, June 4th. Finally, The Goldman Sachs Group decreased their price target on shares of AutoZone from $4,345.00 to $4,096.00 and set a “buy” rating for the company in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $4,040.87.
Insider Buying and Selling
In other AutoZone news, Director Brian Hannasch acquired 165 shares of AutoZone stock in a transaction that occurred on Friday, May 29th. The stock was bought at an average price of $2,987.00 per share, with a total value of $492,855.00. Following the completion of the purchase, the director directly owned 1,219 shares of the company’s stock, valued at approximately $3,641,153. This represents a 15.65% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Earl G. Graves, Jr. sold 50 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 4,837 shares of the company’s stock, valued at $16,826,568.64. This trade represents a 1.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.60% of the company’s stock.
AutoZone Stock Up 0.9%
Shares of NYSE:AZO opened at $3,110.16 on Friday. The company has a market capitalization of $51.26 billion, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 1.58 and a beta of 0.35. AutoZone, Inc. has a 52 week low of $2,928.11 and a 52 week high of $4,388.11. The firm has a 50 day moving average of $3,367.14 and a 200 day moving average of $3,514.38.
AutoZone (NYSE:AZO – Get Free Report) last issued its quarterly earnings data on Tuesday, May 26th. The company reported $38.07 EPS for the quarter, topping analysts’ consensus estimates of $36.22 by $1.85. The company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.86 billion. AutoZone had a net margin of 12.40% and a negative return on equity of 80.35%. AutoZone’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $35.36 earnings per share. On average, sell-side analysts expect that AutoZone, Inc. will post 150.45 EPS for the current year.
AutoZone Company 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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