AutoZone, Inc. (NYSE:AZO) Stock Holdings Lessened by Dakota Wealth Management

Dakota Wealth Management trimmed its position in shares of AutoZone, Inc. (NYSE:AZO) by 6.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 305 shares of the company’s stock after selling 20 shares during the period. Dakota Wealth Management’s holdings in AutoZone were worth $904,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its holdings in shares of AutoZone by 35.3% during the 1st quarter. SG Americas Securities LLC now owns 3,534 shares of the company’s stock valued at $11,138,000 after acquiring an additional 922 shares in the last quarter. Sei Investments Co. grew its holdings in shares of AutoZone by 60.7% during the 1st quarter. Sei Investments Co. now owns 22,315 shares of the company’s stock valued at $70,326,000 after acquiring an additional 8,427 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in AutoZone by 12.9% in the first quarter. Oppenheimer & Co. Inc. now owns 3,509 shares of the company’s stock worth $11,059,000 after purchasing an additional 401 shares in the last quarter. Parnassus Investments LLC boosted its holdings in AutoZone by 32.0% in the fourth quarter. Parnassus Investments LLC now owns 243,571 shares of the company’s stock worth $629,780,000 after purchasing an additional 58,989 shares in the last quarter. Finally, Peak Financial Advisors LLC bought a new stake in AutoZone in the second quarter worth $2,816,000. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at AutoZone

In other AutoZone news, VP Jenna M. Bedsole purchased 36 shares of the stock in a transaction dated Thursday, May 23rd. The stock was bought at an average price of $2,757.10 per share, for a total transaction of $99,255.60. Following the transaction, the vice president now directly owns 36 shares in the company, valued at $99,255.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Truist Financial decreased their price objective on shares of AutoZone from $3,523.00 to $3,394.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. Barclays cut their target price on shares of AutoZone from $3,100.00 to $3,024.00 and set an “overweight” rating for the company in a research report on Thursday, May 23rd. Mizuho cut their target price on shares of AutoZone from $3,450.00 to $3,280.00 and set a “buy” rating for the company in a research report on Wednesday, May 22nd. UBS Group cut their target price on shares of AutoZone from $3,465.00 to $3,340.00 and set a “buy” rating for the company in a research report on Wednesday, May 22nd. Finally, Guggenheim boosted their target price on shares of AutoZone from $3,150.00 to $3,225.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $3,112.71.

AutoZone Stock Performance

AZO traded up $29.87 during midday trading on Tuesday, hitting $3,202.05. The company had a trading volume of 32,463 shares, compared to its average volume of 144,750. AutoZone, Inc. has a twelve month low of $2,375.35 and a twelve month high of $3,256.37. The firm’s 50-day simple moving average is $2,990.37 and its 200-day simple moving average is $2,959.51. The company has a market capitalization of $54.70 billion, a PE ratio of 21.94, a P/E/G ratio of 1.58 and a beta of 0.71.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, May 21st. The company reported $36.69 EPS for the quarter, topping the consensus estimate of $35.67 by $1.02. AutoZone had a net margin of 14.60% and a negative return on equity of 54.58%. The company had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter in the previous year, the company earned $34.12 EPS. AutoZone’s revenue was up 3.6% on a year-over-year basis. As a group, sell-side analysts anticipate that AutoZone, Inc. will post 151.37 EPS for the current fiscal year.

AutoZone Profile

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.