Threadgill Financial LLC Sells 38 Shares of AutoZone, Inc. (NYSE:AZO)

Threadgill Financial LLC decreased its position in AutoZone, Inc. (NYSE:AZO) by 0.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,882 shares of the company’s stock after selling 38 shares during the period. AutoZone comprises approximately 10.1% of Threadgill Financial LLC’s portfolio, making the stock its biggest holding. Threadgill Financial LLC’s holdings in AutoZone were worth $15,209,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of AZO. RB Capital Management LLC purchased a new stake in shares of AutoZone in the first quarter valued at $274,000. Fairfield Bush & CO. purchased a new stake in shares of AutoZone in the first quarter valued at $57,000. Roundview Capital LLC lifted its position in shares of AutoZone by 8.1% in the first quarter. Roundview Capital LLC now owns 426 shares of the company’s stock valued at $871,000 after acquiring an additional 32 shares in the last quarter. Cetera Advisor Networks LLC lifted its position in shares of AutoZone by 31.7% in the first quarter. Cetera Advisor Networks LLC now owns 237 shares of the company’s stock valued at $485,000 after acquiring an additional 57 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of AutoZone by 24.4% in the first quarter. Sei Investments Co. now owns 12,966 shares of the company’s stock valued at $26,331,000 after acquiring an additional 2,545 shares in the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

Insider Buying and Selling

In related news, Director George R. Mrkonic, Jr. sold 414 shares of AutoZone stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $2,541.85, for a total value of $1,052,325.90. Following the transaction, the director now directly owns 3,470 shares in the company, valued at approximately $8,820,219.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Chairman William C. Rhodes III sold 6,700 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $3,190.22, for a total transaction of $21,374,474.00. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George R. Mrkonic, Jr. sold 414 shares of the business’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $2,541.85, for a total value of $1,052,325.90. Following the transaction, the director now owns 3,470 shares in the company, valued at $8,820,219.50. The disclosure for this sale can be found here. Insiders have sold 27,797 shares of company stock worth $81,010,974 in the last three months. 2.50% of the stock is currently owned by insiders.

AutoZone Trading Up 0.0 %

Shares of NYSE AZO opened at $3,192.79 on Thursday. The stock’s 50 day simple moving average is $2,902.37 and its 200 day simple moving average is $2,695.82. The company has a market cap of $55.24 billion, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 1.69 and a beta of 0.70. AutoZone, Inc. has a 12-month low of $2,277.88 and a 12-month high of $3,256.37.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $28.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $26.08 by $2.81. AutoZone had a negative return on equity of 56.06% and a net margin of 14.70%. The company had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $4.32 billion. During the same period last year, the firm earned $24.64 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, equities analysts forecast that AutoZone, Inc. will post 151.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Wedbush increased their target price on AutoZone from $2,950.00 to $3,400.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 28th. Evercore ISI raised their price objective on AutoZone from $3,375.00 to $3,400.00 and gave the stock an “outperform” rating in a report on Tuesday. StockNews.com downgraded AutoZone from a “buy” rating to a “hold” rating in a report on Wednesday. Barclays raised their price objective on AutoZone from $2,779.00 to $3,100.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. Finally, UBS Group raised their price objective on AutoZone from $3,100.00 to $3,425.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $3,080.72.

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.