NBC Securities Inc. Buys 19 Shares of AutoZone, Inc. (NYSE:AZO)

NBC Securities Inc. raised its stake in shares of AutoZone, Inc. (NYSE:AZOFree Report) by 5.3% during the 1st quarter, Holdings Channel reports. The fund owned 376 shares of the company’s stock after purchasing an additional 19 shares during the period. NBC Securities Inc.’s holdings in AutoZone were worth $1,185,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC lifted its holdings in shares of AutoZone by 232,194.6% during the 4th quarter. International Assets Investment Management LLC now owns 731,728 shares of the company’s stock valued at $1,891,963,000 after purchasing an additional 731,413 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of AutoZone by 1.3% during the 3rd quarter. Royal Bank of Canada now owns 441,566 shares of the company’s stock valued at $1,121,572,000 after purchasing an additional 5,650 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of AutoZone by 111.4% during the 3rd quarter. Wellington Management Group LLP now owns 335,190 shares of the company’s stock valued at $851,379,000 after purchasing an additional 176,623 shares during the last quarter. Norges Bank purchased a new stake in shares of AutoZone during the 4th quarter valued at $678,350,000. Finally, Morgan Stanley lifted its holdings in shares of AutoZone by 4.5% during the 3rd quarter. Morgan Stanley now owns 259,964 shares of the company’s stock valued at $660,309,000 after purchasing an additional 11,104 shares during the last quarter. Institutional investors own 92.74% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. DA Davidson increased their price objective on AutoZone from $2,770.00 to $3,025.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. JPMorgan Chase & Co. raised their target price on AutoZone from $3,000.00 to $3,200.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Truist Financial reduced their target price on AutoZone from $3,523.00 to $3,394.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd. Morgan Stanley reduced their target price on AutoZone from $3,100.00 to $3,038.00 and set an “overweight” rating for the company in a research note on Wednesday, May 22nd. Finally, UBS Group reduced their target price on AutoZone from $3,465.00 to $3,340.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $3,104.13.

Get Our Latest Report on AZO

AutoZone Stock Up 1.0 %

Shares of AutoZone stock traded up $29.92 on Wednesday, hitting $2,968.75. 120,812 shares of the company were exchanged, compared to its average volume of 149,913. The stock has a market capitalization of $50.71 billion, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 1.47 and a beta of 0.71. The company has a 50-day moving average price of $2,893.59 and a 200 day moving average price of $2,848.46. AutoZone, Inc. has a 1-year low of $2,375.35 and a 1-year high of $3,256.37.

AutoZone (NYSE:AZOGet Free Report) last issued its earnings results on Tuesday, May 21st. The company reported $36.69 earnings per share for the quarter, topping the consensus estimate of $35.67 by $1.02. The business had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.29 billion. AutoZone had a negative return on equity of 54.58% and a net margin of 14.60%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $34.12 EPS. Research analysts forecast that AutoZone, Inc. will post 151.57 EPS for the current year.

Insider Activity

In other news, Chairman William C. Rhodes III sold 6,700 shares of AutoZone stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $3,190.22, for a total transaction of $21,374,474.00. Following the sale, the chairman now owns 15,357 shares of the company’s stock, valued at approximately $48,992,208.54. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Chairman William C. Rhodes III sold 6,700 shares of AutoZone stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $3,190.22, for a total transaction of $21,374,474.00. Following the sale, the chairman now owns 15,357 shares of the company’s stock, valued at approximately $48,992,208.54. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Eric S. Gould sold 2,100 shares of AutoZone 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 sale, the vice president now directly owns 910 shares in the company, valued at approximately $2,912,000. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.

AutoZone Company 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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