Cibc World Markets Corp Has $8.58 Million Stake in AutoZone, Inc. (NYSE:AZO)

Cibc World Markets Corp grew its position in AutoZone, Inc. (NYSE:AZO) by 15.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,679 shares of the company’s stock after buying an additional 367 shares during the quarter. Cibc World Markets Corp’s holdings in AutoZone were worth $8,578,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AZO. Geode Capital Management LLC raised its position in AutoZone by 1.8% during the third quarter. Geode Capital Management LLC now owns 421,716 shares of the company’s stock valued at $1,326,545,000 after purchasing an additional 7,365 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in shares of AutoZone by 482,040.2% during the 4th quarter. Proficio Capital Partners LLC now owns 419,462 shares of the company’s stock worth $1,343,117,000 after buying an additional 419,375 shares in the last quarter. PineStone Asset Management Inc. lifted its position in shares of AutoZone by 6.9% during the 4th quarter. PineStone Asset Management Inc. now owns 213,575 shares of the company’s stock worth $683,867,000 after buying an additional 13,771 shares during the last quarter. Marshfield Associates boosted its stake in AutoZone by 0.5% in the third quarter. Marshfield Associates now owns 169,586 shares of the company’s stock valued at $534,204,000 after buying an additional 796 shares in the last quarter. Finally, Baillie Gifford & Co. grew its position in AutoZone by 35.6% in the fourth quarter. Baillie Gifford & Co. now owns 163,089 shares of the company’s stock valued at $522,211,000 after acquiring an additional 42,776 shares during the last quarter. Institutional investors own 92.74% of the company’s stock.

Insider Buying and Selling at AutoZone

In other AutoZone news, VP Dennis W. Leriche sold 1,575 shares of AutoZone stock in a transaction on Friday, March 7th. The shares were sold at an average price of $3,600.00, for a total value of $5,670,000.00. Following the completion of the sale, the vice president now directly owns 417 shares of the company’s stock, valued at approximately $1,501,200. The trade was a 79.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Bailey L. Childress sold 160 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the transaction, the senior vice president now directly owns 50 shares in the company, valued at $177,500. This trade represents a 76.19 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,871 shares of company stock valued at $6,720,811. 2.10% of the stock is currently owned by company insiders.

AutoZone Stock Down 0.3 %

AZO stock opened at $3,611.51 on Wednesday. The firm has a market cap of $60.61 billion, a price-to-earnings ratio of 24.13, a PEG ratio of 1.86 and a beta of 0.71. The company’s fifty day simple moving average is $3,415.14 and its 200 day simple moving average is $3,250.39. AutoZone, Inc. has a 12-month low of $2,728.97 and a 12-month high of $3,704.43.

AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, March 4th. The company reported $28.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $29.11 by ($0.82). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The business had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.98 billion. Research analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AZO shares. Citigroup raised their price target on shares of AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Wedbush restated an “outperform” rating and issued a $3,700.00 target price on shares of AutoZone in a research report on Wednesday, March 5th. Morgan Stanley upped their price target on shares of AutoZone from $3,490.00 to $3,750.00 and gave the stock an “overweight” rating in a report on Wednesday, March 5th. Bank of America raised their price objective on AutoZone from $3,600.00 to $3,700.00 and gave the company a “neutral” rating in a report on Wednesday, March 5th. Finally, Raymond James reaffirmed a “strong-buy” rating on shares of AutoZone in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $3,651.91.

AutoZone Company 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.