Aprio Wealth Management LLC purchased a new stake in shares of AutoZone, Inc. (NYSE:AZO – Get Rating) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 91 shares of the company’s stock, valued at approximately $224,000.
Other large investors have also added to or reduced their stakes in the company. Belmont Capital LLC acquired a new stake in AutoZone during the 3rd quarter valued at $26,000. Robbins Farley acquired a new stake in AutoZone during the 3rd quarter valued at $26,000. WD Rutherford LLC acquired a new stake in AutoZone during the 3rd quarter valued at $32,000. Legacy Bridge LLC acquired a new stake in AutoZone during the 4th quarter valued at $32,000. Finally, MUFG Americas Holdings Corp boosted its stake in AutoZone by 166.7% during the 3rd quarter. MUFG Americas Holdings Corp now owns 16 shares of the company’s stock valued at $34,000 after acquiring an additional 10 shares during the last quarter. 91.12% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
AZO has been the topic of a number of research analyst reports. Stephens increased their price objective on shares of AutoZone to $2,800.00 in a research note on Friday, December 2nd. UBS Group increased their price objective on shares of AutoZone from $2,260.00 to $2,540.00 and gave the company a “neutral” rating in a research note on Wednesday, December 7th. Roth Capital reiterated a “buy” rating on shares of AutoZone in a research note on Tuesday, February 28th. Barclays initiated coverage on shares of AutoZone in a research note on Tuesday, February 7th. They set an “overweight” rating and a $2,663.00 price objective on the stock. Finally, Citigroup increased their price objective on shares of AutoZone from $2,520.00 to $2,782.00 in a research note on Wednesday, December 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $2,652.76.
AutoZone Stock Down 2.0 %
AutoZone (NYSE:AZO – Get Rating) last issued its quarterly earnings data on Tuesday, February 28th. The company reported $24.64 earnings per share for the quarter, beating the consensus estimate of $21.33 by $3.31. The firm had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.56 billion. AutoZone had a net margin of 14.32% and a negative return on equity of 64.72%. AutoZone’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the firm posted $22.30 EPS. As a group, equities analysts anticipate that AutoZone, Inc. will post 127.64 EPS for the current year.
Insider Activity at AutoZone
In related news, Director George R. Mrkonic, Jr. sold 138 shares of AutoZone stock in a transaction dated Thursday, January 5th. The shares were sold at an average price of $2,441.21, for a total value of $336,886.98. Following the sale, the director now directly owns 3,764 shares in the company, valued at approximately $9,188,714.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other AutoZone news, Director George R. Mrkonic, Jr. sold 138 shares of the firm’s stock in a transaction dated Thursday, January 5th. The shares were sold at an average price of $2,441.21, for a total transaction of $336,886.98. Following the transaction, the director now owns 3,764 shares of the company’s stock, valued at approximately $9,188,714.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO William C. Rhodes III sold 1,200 shares of the firm’s stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $2,479.29, for a total transaction of $2,975,148.00. Following the transaction, the chief executive officer now directly owns 3,800 shares in the company, valued at approximately $9,421,302. The disclosure for this sale can be found here. Insiders have sold a total of 38,872 shares of company stock worth $94,603,027 in the last ninety days. 2.59% of the stock is owned by insiders.
AutoZone, Inc engages in the retail and distribution of automotive replacement parts and accessories. The firm offers ALLDATA, which produces, sells, and maintains diagnostic and repair information software used in the automotive repair industry and E-commerce, which includes direct sales to customers.
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