Clearbridge Investments LLC Has $15.98 Million Stake in AutoZone, Inc. (NYSE:AZO)

Clearbridge Investments LLC grew its position in shares of AutoZone, Inc. (NYSE:AZOFree Report) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,179 shares of the company’s stock after purchasing an additional 179 shares during the quarter. Clearbridge Investments LLC’s holdings in AutoZone were worth $15,976,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Plancorp LLC increased its stake in AutoZone by 3.0% in the third quarter. Plancorp LLC now owns 136 shares of the company’s stock valued at $345,000 after purchasing an additional 4 shares in the last quarter. Alcosta Capital Management Inc. increased its holdings in AutoZone by 0.3% during the 3rd 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 in the last quarter. Hohimer Wealth Management LLC raised its stake in shares of AutoZone by 1.1% in the third quarter. Hohimer Wealth Management LLC now owns 361 shares of the company’s stock worth $917,000 after purchasing an additional 4 shares during the last quarter. Summit Trail Advisors LLC lifted its stake in AutoZone by 3.8% during the 4th quarter. Summit Trail Advisors LLC now owns 110 shares of the company’s stock valued at $283,000 after acquiring an additional 4 shares in the last quarter. Finally, Guardian Capital LP boosted its holdings in AutoZone by 1.3% during the 4th quarter. Guardian Capital LP now owns 301 shares of the company’s stock worth $778,000 after acquiring an additional 4 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

Insider Buying and Selling at AutoZone

In other news, VP Richard Craig Smith sold 3,000 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $2,997.76, for a total transaction of $8,993,280.00. Following the completion of the sale, the vice president now directly owns 2,921 shares in the company, valued at $8,756,456.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other AutoZone news, VP Richard Craig Smith sold 3,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $2,997.76, for a total value of $8,993,280.00. Following the completion of the transaction, the vice president now directly owns 2,921 shares in the company, valued at approximately $8,756,456.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman William C. Rhodes III sold 6,700 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $3,190.22, for a total transaction of $21,374,474.00. Following the completion of the transaction, the chairman now directly owns 15,357 shares of the company’s stock, valued at $48,992,208.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,990 shares of company stock worth $50,335,193. 2.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wedbush dropped their price target on shares of AutoZone from $3,400.00 to $3,200.00 and set an “outperform” rating on the stock in a research report on Wednesday. Mizuho dropped their price target on shares of AutoZone from $3,450.00 to $3,280.00 and set a “buy” rating on the stock in a research note on Wednesday. UBS Group reduced their price objective on shares of AutoZone from $3,465.00 to $3,340.00 and set a “buy” rating for the company in a research note on Wednesday. Citigroup cut their price target on AutoZone from $3,420.00 to $3,250.00 and set a “buy” rating for the company in a report on Wednesday. Finally, JPMorgan Chase & Co. upped their price target on AutoZone from $3,000.00 to $3,200.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Five investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $3,066.53.

View Our Latest Research Report on AZO

AutoZone Stock Up 0.6 %

Shares of NYSE AZO traded up $15.36 during midday trading on Friday, reaching $2,792.90. The company had a trading volume of 93,928 shares, compared to its average volume of 152,881. The stock has a market cap of $48.37 billion, a PE ratio of 19.69, a price-to-earnings-growth ratio of 1.39 and a beta of 0.72. AutoZone, Inc. has a one year low of $2,277.88 and a one year high of $3,256.37. The firm’s fifty day moving average price is $3,009.41 and its 200-day moving average price is $2,827.75.

AutoZone (NYSE:AZOGet Free Report) last released its quarterly earnings data on Tuesday, May 21st. The company reported $36.69 earnings per share for the quarter, beating analysts’ consensus estimates of $35.67 by $1.02. AutoZone had a negative return on equity of 56.06% and a net margin of 14.70%. The firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the prior year, the firm posted $34.12 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, equities research analysts expect that AutoZone, Inc. will post 151.5 EPS for the current year.

AutoZone Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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