AutoZone, Inc. (NYSE:AZO) Position Trimmed by Xponance Inc.

Xponance Inc. decreased its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,323 shares of the company’s stock after selling 86 shares during the period. Xponance Inc.’s holdings in AutoZone were worth $11,178,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of AutoZone by 0.9% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,655 shares of the company’s stock worth $6,857,000 after acquiring an additional 24 shares during the last quarter. Daiwa Securities Group Inc. grew its position in shares of AutoZone by 4.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 1,702 shares of the company’s stock worth $4,401,000 after acquiring an additional 65 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of AutoZone during the fourth quarter worth about $19,555,000. TRUE Private Wealth Advisors grew its position in shares of AutoZone by 30.1% during the fourth quarter. TRUE Private Wealth Advisors now owns 160 shares of the company’s stock worth $414,000 after acquiring an additional 37 shares during the last quarter. Finally, Tyche Wealth Partners LLC bought a new position in shares of AutoZone during the fourth quarter worth about $489,000. Institutional investors own 92.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Evercore ISI lowered their price target on shares of AutoZone from $3,400.00 to $3,346.00 and set an “outperform” rating for the company in a research report on Tuesday. Truist Financial increased their target price on shares of AutoZone from $3,363.00 to $3,523.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Morgan Stanley increased their target price on shares of AutoZone from $2,900.00 to $3,100.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Barclays increased their target price on shares of AutoZone from $2,779.00 to $3,100.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. Finally, StockNews.com lowered shares of AutoZone from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Five equities research 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $3,086.61.

Insider Buying and Selling at AutoZone

In other AutoZone news, Chairman William C. Rhodes III sold 6,700 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $3,190.22, for a total transaction of $21,374,474.00. Following the completion of the sale, the chairman now directly owns 15,357 shares of the company’s stock, valued at $48,992,208.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Chairman William C. Rhodes III sold 6,700 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $3,190.22, for a total value of $21,374,474.00. Following the transaction, the chairman now owns 15,357 shares in the company, valued at approximately $48,992,208.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Eric S. Gould sold 2,100 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $3,200.00, for a total value of $6,720,000.00. Following the completion of the transaction, the vice president now owns 910 shares in the company, valued at approximately $2,912,000. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,990 shares of company stock valued at $50,335,193. 2.50% of the stock is currently owned by corporate insiders.

AutoZone Trading Up 0.5 %

AZO stock traded up $13.63 during mid-day trading on Friday, reaching $2,986.80. 8,036 shares of the stock traded hands, compared to its average volume of 153,983. AutoZone, Inc. has a 52-week low of $2,277.88 and a 52-week high of $3,256.37. The company has a market cap of $51.73 billion, a P/E ratio of 20.93, a P/E/G ratio of 1.46 and a beta of 0.70. The stock’s fifty day moving average is $2,998.95 and its 200-day moving average is $2,754.16.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $28.89 EPS for the quarter, beating analysts’ consensus estimates of $26.08 by $2.81. AutoZone had a net margin of 14.70% and a negative return on equity of 56.06%. The company had revenue of $3.86 billion during the quarter, compared to analyst estimates of $4.32 billion. During the same period in the prior year, the firm earned $24.64 earnings per share. The business’s quarterly revenue was up 4.6% on a year-over-year basis. Equities research analysts expect that AutoZone, Inc. will post 152.4 earnings per share for the current year.

About AutoZone

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.