one8zero8 LLC Acquires New Position in AutoZone, Inc. (NYSE:AZO)

one8zero8 LLC bought a new position in AutoZone, Inc. (NYSE:AZO) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 82 shares of the company’s stock, valued at approximately $263,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Choate Investment Advisors raised its holdings in AutoZone by 6.9% in the 4th quarter. Choate Investment Advisors now owns 295 shares of the company’s stock worth $945,000 after acquiring an additional 19 shares during the last quarter. Frank Rimerman Advisors LLC increased its holdings in shares of AutoZone by 10.2% in the 4th quarter. Frank Rimerman Advisors LLC now owns 367 shares of the company’s stock worth $1,175,000 after purchasing an additional 34 shares in the last quarter. Brandes Investment Partners LP raised its stake in shares of AutoZone by 12.2% in the fourth quarter. Brandes Investment Partners LP now owns 19,578 shares of the company’s stock worth $62,690,000 after purchasing an additional 2,132 shares during the last quarter. LBP AM SA bought a new position in shares of AutoZone during the fourth quarter valued at $1,451,000. Finally, HBK Sorce Advisory LLC bought a new stake in AutoZone in the 4th quarter worth about $900,000. Institutional investors own 92.74% of the company’s stock.

Insider Buying and Selling at AutoZone

In other news, VP Dennis W. Leriche sold 1,575 shares of the company’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 sale, the vice president now directly owns 417 shares in the company, valued at approximately $1,501,200. This represents a 79.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Bailey L. Childress sold 160 shares of AutoZone 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 completion of the transaction, the senior vice president now owns 50 shares of the company’s stock, valued at approximately $177,500. This represents a 76.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,871 shares of company stock worth $6,720,811 over the last 90 days. 2.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AZO shares. Bank of America increased their price objective on shares of AutoZone from $3,600.00 to $3,700.00 and gave the company a “neutral” rating in a research report on Wednesday, March 5th. Barclays raised their target price 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. Citigroup boosted their price target on AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Truist Financial increased their price objective on shares of AutoZone from $3,753.00 to $3,841.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Finally, Raymond James reaffirmed a “strong-buy” rating on shares of AutoZone in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, AutoZone currently has a consensus rating of “Moderate Buy” and a consensus target price of $3,651.91.

AutoZone Trading Up 0.2 %

Shares of AutoZone stock opened at $3,553.69 on Monday. The firm has a market cap of $59.64 billion, a PE ratio of 23.74, a PEG ratio of 1.86 and a beta of 0.71. The stock has a 50 day moving average of $3,401.49 and a 200 day moving average of $3,244.44. AutoZone, Inc. has a 12 month low of $2,728.97 and a 12 month high of $3,704.43.

AutoZone (NYSE:AZO) last posted 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). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The firm had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.98 billion. As a group, equities 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.