Knollwood Investment Advisory LLC reduced its stake in AutoZone, Inc. (NYSE:AZO – Free Report) by 34.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 758 shares of the company’s stock after selling 390 shares during the period. Knollwood Investment Advisory LLC’s holdings in AutoZone were worth $2,571,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in AutoZone by 14.4% in the 4th quarter. Brighton Jones LLC now owns 111 shares of the company’s stock valued at $356,000 after buying an additional 14 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in AutoZone in the 2nd quarter valued at about $356,000. Guggenheim Capital LLC boosted its position in AutoZone by 3.8% in the 2nd quarter. Guggenheim Capital LLC now owns 248 shares of the company’s stock valued at $921,000 after buying an additional 9 shares during the last quarter. NewEdge Advisors LLC boosted its position in AutoZone by 8.9% in the 2nd quarter. NewEdge Advisors LLC now owns 1,376 shares of the company’s stock valued at $5,110,000 after buying an additional 112 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in AutoZone by 52.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 11,763 shares of the company’s stock valued at $43,667,000 after buying an additional 4,039 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of AutoZone from $4,300.00 to $3,850.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 27th. Morgan Stanley cut their target price on shares of AutoZone from $4,020.00 to $3,605.00 and set an “overweight” rating on the stock in a report on Wednesday, May 27th. UBS Group set a $4,800.00 price target on shares of AutoZone in a research note on Tuesday, March 3rd. Oppenheimer restated an “outperform” rating and issued a $4,300.00 price target (up from $4,150.00) on shares of AutoZone in a research note on Tuesday, March 10th. Finally, BNP Paribas Exane lowered their price objective on shares of AutoZone from $4,478.00 to $3,979.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $4,040.87.
Insider Buying and Selling
In related news, Director Brian Hannasch acquired 165 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were acquired at an average price of $2,987.00 per share, for a total transaction of $492,855.00. Following the completion of the purchase, the director directly owned 1,219 shares of the company’s stock, valued at $3,641,153. The trade was a 15.65% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Earl G. Graves, Jr. sold 50 shares of the firm’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 sale, the director owned 4,837 shares of the company’s stock, valued at $16,826,568.64. The trade was a 1.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.60% of the stock is owned by company insiders.
AutoZone Price Performance
NYSE AZO opened at $3,110.16 on Friday. AutoZone, Inc. has a 12 month low of $2,928.11 and a 12 month high of $4,388.11. The firm has a market capitalization of $51.26 billion, a PE ratio of 21.38, a P/E/G ratio of 1.58 and a beta of 0.35. The company’s 50 day simple moving average is $3,367.14 and its 200 day simple moving average is $3,514.38.
AutoZone (NYSE:AZO – Get Free Report) last posted its quarterly earnings data on Tuesday, May 26th. The company reported $38.07 EPS for the quarter, beating analysts’ consensus estimates of $36.22 by $1.85. AutoZone had a net margin of 12.40% and a negative return on equity of 80.35%. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same quarter last year, the business earned $35.36 earnings per share. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. Sell-side analysts anticipate that AutoZone, Inc. will post 150.45 earnings per share for the current fiscal year.
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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