Envestnet Portfolio Solutions Inc. Has $1.66 Million Holdings in AutoZone, Inc. (NYSE:AZO)

Envestnet Portfolio Solutions Inc. grew its position in shares of AutoZone, Inc. (NYSE:AZO) by 18.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 517 shares of the company’s stock after acquiring an additional 82 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in AutoZone were worth $1,655,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Darwin Wealth Management LLC acquired a new stake in AutoZone in the third quarter valued at approximately $47,000. Crews Bank & Trust bought a new position in shares of AutoZone during the 4th quarter valued at $61,000. McIlrath & Eck LLC lifted its stake in shares of AutoZone by 25.0% in the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after purchasing an additional 4 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in AutoZone in the fourth quarter worth $67,000. Finally, Providence First Trust Co acquired a new position in AutoZone during the fourth quarter worth $80,000. Institutional investors own 92.74% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Roth Capital set a $3,763.00 target price on AutoZone in a report on Wednesday, March 5th. Truist Financial raised their price objective on AutoZone from $3,753.00 to $3,841.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Wedbush reaffirmed an “outperform” rating and set a $3,700.00 target price on shares of AutoZone in a research report on Wednesday, March 5th. DA Davidson upgraded shares of AutoZone from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $3,500.00 to $4,192.00 in a research note on Friday. Finally, UBS Group raised their target price on shares of AutoZone from $3,875.00 to $4,025.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have assigned a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $3,683.36.

AutoZone Price Performance

Shares of AZO stock opened at $3,605.88 on Friday. AutoZone, Inc. has a one year low of $2,728.97 and a one year high of $3,704.43. The stock has a fifty day moving average price of $3,433.28 and a 200 day moving average price of $3,257.92. The stock has a market cap of $60.51 billion, a P/E ratio of 24.09, a price-to-earnings-growth ratio of 1.86 and a beta of 0.71.

AutoZone (NYSE:AZO) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $3.98 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. Equities research analysts anticipate that AutoZone, Inc. will post 152.94 EPS for the current year.

Insider Buying and Selling at AutoZone

In other news, VP Richard Craig Smith sold 2,850 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $3,610.00, for a total value of $10,288,500.00. Following the sale, the vice president now owns 2,924 shares in the company, valued at approximately $10,555,640. The trade was a 49.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Dennis W. Leriche sold 1,575 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $3,600.00, for a total transaction of $5,670,000.00. Following the sale, the vice president now owns 417 shares of the company’s stock, valued at $1,501,200. This trade represents a 79.07 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,721 shares of company stock valued at $17,009,311. 2.10% of the stock is currently owned by corporate insiders.

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.