Thoroughbred Financial Services LLC Sells 5 Shares of AutoZone, Inc. (NYSE:AZO)

Thoroughbred Financial Services LLC lessened its stake in AutoZone, Inc. (NYSE:AZO) by 0.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 835 shares of the company’s stock after selling 5 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in AutoZone were worth $2,673,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Headlands Technologies LLC purchased a new position in AutoZone during the 4th quarter valued at approximately $29,000. Flagship Wealth Advisors LLC bought a new position in shares of AutoZone during the 4th quarter valued at approximately $32,000. Harbour Investments Inc. grew its holdings in shares of AutoZone by 42.9% in the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock valued at $32,000 after purchasing an additional 3 shares in the last quarter. Crews Bank & Trust bought a new stake in AutoZone in the fourth quarter worth $61,000. Finally, McIlrath & Eck LLC increased its position in AutoZone by 25.0% in the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after purchasing an additional 4 shares during the last quarter. Institutional investors own 92.74% of the company’s stock.

AutoZone Trading Down 4.5 %

AZO opened at $3,654.02 on Friday. AutoZone, Inc. has a 12 month low of $2,728.97 and a 12 month high of $3,916.81. The stock has a fifty day moving average price of $3,531.36 and a 200-day moving average price of $3,301.82. The firm has a market cap of $61.32 billion, a price-to-earnings ratio of 24.41, a PEG ratio of 1.86 and a beta of 0.54.

AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing the consensus estimate of $29.11 by ($0.82). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The firm had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.98 billion. On average, equities research analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on AZO. Raymond James reissued a “strong-buy” rating on shares of AutoZone in a research note on Wednesday, March 5th. Barclays lifted their price target on AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. JPMorgan Chase & Co. upped their price objective on AutoZone from $3,775.00 to $3,830.00 and gave the company an “overweight” rating in a research report on Wednesday, March 5th. TD Cowen lifted their target price on AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, Bank of America boosted their target price on AutoZone from $3,600.00 to $3,700.00 and gave the company a “neutral” rating in a research report on Wednesday, March 5th. Five equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, AutoZone presently has an average rating of “Moderate Buy” and a consensus price target of $3,724.00.

Insider Buying and Selling at AutoZone

In other AutoZone news, 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 value of $568,000.00. Following the completion of the sale, the senior vice president now directly owns 50 shares in the company, valued at approximately $177,500. This trade represents a 76.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Philip B. Daniele sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $3,800.01, for a total value of $7,600,020.00. Following the sale, the chief executive officer now owns 163 shares in the company, valued at $619,401.63. The trade was a 92.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,721 shares of company stock worth $24,609,331 over the last three months. Corporate insiders own 2.10% of the company’s stock.

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.