AutoZone, Inc. (NYSE:AZO) Shares Acquired by Signaturefd LLC

Signaturefd LLC raised its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 3.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 429 shares of the company’s stock after buying an additional 16 shares during the period. Signaturefd LLC’s holdings in AutoZone were worth $1,109,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of AZO. CWM LLC raised its stake in shares of AutoZone by 1.3% in the 3rd quarter. CWM LLC now owns 301 shares of the company’s stock valued at $765,000 after purchasing an additional 4 shares in the last quarter. Private Trust Co. NA increased its holdings in shares of AutoZone by 2.9% in the 3rd quarter. Private Trust Co. NA now owns 142 shares of the company’s stock valued at $361,000 after acquiring an additional 4 shares during the last quarter. Venturi Wealth Management LLC raised its position in shares of AutoZone by 2.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 202 shares of the company’s stock valued at $513,000 after acquiring an additional 4 shares in the last quarter. Plancorp LLC lifted its stake in AutoZone by 3.0% during the third quarter. Plancorp LLC now owns 136 shares of the company’s stock worth $345,000 after purchasing an additional 4 shares during the last quarter. Finally, Alcosta Capital Management Inc. boosted its holdings in AutoZone by 0.3% in the third quarter. Alcosta Capital Management Inc. now owns 1,255 shares of the company’s stock worth $3,188,000 after purchasing an additional 4 shares during the period. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at AutoZone

In other news, CEO Philip B. Daniele sold 4,190 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $3,161.68, for a total transaction of $13,247,439.20. Following the completion of the sale, the chief executive officer now owns 900 shares in the company, valued at approximately $2,845,512. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Philip B. Daniele sold 4,190 shares of AutoZone stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $3,161.68, for a total value of $13,247,439.20. Following the transaction, the chief executive officer now directly owns 900 shares of the company’s stock, valued at $2,845,512. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Eric S. Gould sold 2,100 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $3,200.00, for a total transaction of $6,720,000.00. Following the completion of the sale, the vice president now owns 910 shares of the company’s stock, valued at approximately $2,912,000. The disclosure for this sale can be found here. Insiders have sold 15,990 shares of company stock valued at $50,335,193 in the last quarter. Insiders own 2.50% of the company’s stock.

AutoZone Stock Performance

AZO opened at $2,963.27 on Tuesday. The company has a market capitalization of $51.32 billion, a PE ratio of 20.87, a P/E/G ratio of 1.48 and a beta of 0.70. The stock’s fifty day moving average is $3,010.24 and its 200-day moving average is $2,764.30. AutoZone, Inc. has a one year low of $2,277.88 and a one year high of $3,256.37.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, February 27th. The company reported $28.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $26.08 by $2.81. AutoZone had a negative return on equity of 56.06% and a net margin of 14.70%. The firm had revenue of $3.86 billion for the quarter, compared to analyst estimates of $4.32 billion. During the same period in the previous year, the company earned $24.64 earnings per share. AutoZone’s revenue was up 4.6% compared to the same quarter last year. On average, equities research analysts forecast that AutoZone, Inc. will post 152.4 EPS for the current fiscal year.

Analysts Set New Price Targets

AZO has been the topic of a number of recent research reports. Morgan Stanley raised their price target on shares of AutoZone from $2,900.00 to $3,100.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. DA Davidson raised their target price on shares of AutoZone from $2,770.00 to $3,025.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Truist Financial upped their target price on AutoZone from $3,363.00 to $3,523.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. UBS Group increased their price target on AutoZone from $3,100.00 to $3,425.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Finally, Wedbush boosted their price objective on AutoZone from $2,950.00 to $3,400.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $3,086.61.

About AutoZone

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.