Aviso Financial Inc. Decreases Stake in AutoZone, Inc. (NYSE:AZO)

Aviso Financial Inc. lowered its position in shares of AutoZone, Inc. (NYSE:AZO) by 95.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 9 shares of the company’s stock after selling 197 shares during the quarter. Aviso Financial Inc.’s holdings in AutoZone were worth $29,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Darwin Wealth Management LLC acquired a new stake in shares of AutoZone during the third quarter worth about $47,000. Crews Bank & Trust purchased a new position in AutoZone during the 4th quarter worth approximately $61,000. McIlrath & Eck LLC lifted its stake in AutoZone by 25.0% during the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after acquiring an additional 4 shares during the period. Whipplewood Advisors LLC purchased a new stake in shares of AutoZone in the 4th quarter valued at $67,000. Finally, Providence First Trust Co acquired a new stake in shares of AutoZone in the fourth quarter worth $80,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Stock Performance

Shares of AZO opened at $3,553.69 on Friday. The stock has a 50 day moving average price of $3,401.49 and a 200 day moving average price of $3,243.69. The stock has a market capitalization of $59.64 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 1.86 and a beta of 0.71. AutoZone, Inc. has a one year low of $2,728.97 and a one year high of $3,704.43.

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

Insiders Place Their Bets

In other AutoZone news, SVP K. Michelle Borninkhof sold 136 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $3,550.08, for a total value of $482,810.88. Following the completion of the sale, the senior vice president now directly owns 403 shares of the company’s stock, valued at $1,430,682.24. This trade represents a 25.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Dennis W. Leriche sold 1,575 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $3,600.00, for a total transaction of $5,670,000.00. Following the transaction, the vice president now directly owns 417 shares in the company, valued at approximately $1,501,200. The trade was a 79.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,871 shares of company stock valued at $6,720,811 in the last ninety days. 2.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Truist Financial boosted their target price on shares of AutoZone from $3,753.00 to $3,841.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Wedbush reissued an “outperform” rating and issued a $3,700.00 price objective on shares of AutoZone in a report on Wednesday, March 5th. Raymond James reaffirmed a “strong-buy” rating on shares of AutoZone in a report on Wednesday, March 5th. Mizuho boosted their price target on AutoZone from $3,600.00 to $3,740.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. Finally, Barclays upped their price objective 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, AutoZone currently has a consensus rating of “Moderate Buy” and a consensus target price 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.