Sei Investments Co. Has $69.66 Million Stock Position in AutoZone, Inc. (NYSE:AZO)

Sei Investments Co. grew its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 2.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 21,755 shares of the company’s stock after acquiring an additional 551 shares during the period. Sei Investments Co. owned about 0.13% of AutoZone worth $69,655,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Flagship Wealth Advisors LLC bought a new position in AutoZone during the 4th quarter worth $32,000. Harbour Investments Inc. raised its position in shares of AutoZone by 42.9% during the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock worth $32,000 after acquiring an additional 3 shares during the last quarter. Crews Bank & Trust acquired a new position in shares of AutoZone in the fourth quarter worth approximately $61,000. McIlrath & Eck LLC boosted its holdings in AutoZone by 25.0% in the third 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 last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in AutoZone during the 4th quarter valued at approximately $67,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

Insider Buying and Selling at AutoZone

In other AutoZone news, SVP Bailey L. Childress sold 160 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total value of $568,000.00. Following the sale, the senior vice president now owns 50 shares of the company’s stock, valued at $177,500. This trade represents a 76.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP K. Michelle Borninkhof sold 136 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 403 shares of the company’s stock, valued at $1,430,682.24. The trade was a 25.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,721 shares of company stock valued at $17,009,311 in the last three months. Company insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

AZO has been the topic of a number of analyst reports. Barclays upped their price objective on shares of AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Guggenheim increased their price target on AutoZone from $3,750.00 to $3,850.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Wells Fargo & Company upped their target price on AutoZone from $3,750.00 to $3,850.00 and gave the company an “overweight” rating in a research report on Wednesday, March 5th. Roth Capital set a $3,763.00 target price on AutoZone in a report on Wednesday, March 5th. Finally, UBS Group boosted their price target on 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 issued a hold rating, sixteen have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $3,683.36.

AutoZone Stock Performance

Shares of AZO opened at $3,605.88 on Monday. AutoZone, Inc. has a 52-week low of $2,728.97 and a 52-week high of $3,704.43. The stock’s 50-day simple moving average is $3,433.28 and its 200 day simple moving average is $3,259.40. The stock has a market capitalization of $60.51 billion, a price-to-earnings ratio of 24.09, a price-to-earnings-growth ratio of 1.86 and a beta of 0.71.

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

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.