AutoZone, Inc. $AZO Stock Holdings Boosted by Stephens Inc. AR

Stephens Inc. AR lifted its position in shares of AutoZone, Inc. (NYSE:AZO) by 10.7% in the 4th quarter, Holdings Channel reports. The fund owned 1,952 shares of the company’s stock after buying an additional 188 shares during the period. Stephens Inc. AR’s holdings in AutoZone were worth $6,620,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of AZO. Turning Point Benefit Group Inc. bought a new position in shares of AutoZone during the third quarter worth about $25,000. Raleigh Capital Management Inc. bought a new position in AutoZone in the 3rd quarter valued at about $26,000. Torren Management LLC bought a new position in AutoZone in the 4th quarter valued at about $27,000. Elevated Capital Advisors LLC bought a new position in AutoZone in the 4th quarter valued at about $37,000. Finally, Ares Financial Consulting LLC bought a new position in AutoZone in the 4th quarter valued at about $37,000. Institutional investors own 92.74% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AZO shares. Truist Financial decreased their target price on shares of AutoZone from $4,076.00 to $4,045.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. TD Cowen decreased their target price on shares of AutoZone from $4,400.00 to $4,250.00 and set a “buy” rating for the company in a research report on Monday, March 16th. Roth Mkm decreased their target price on shares of AutoZone from $4,650.00 to $4,526.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Oppenheimer reiterated an “outperform” rating and issued a $4,300.00 target price (up from $4,150.00) on shares of AutoZone in a research report on Tuesday, March 10th. Finally, Citigroup increased their target price on shares of AutoZone from $4,200.00 to $4,300.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $4,312.13.

Insider Buying and Selling

In other AutoZone news, Director Earl G. Graves, Jr. sold 50 shares of the company’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $3,478.72, for a total transaction of $173,936.00. Following the completion of the sale, the director directly owned 4,837 shares of the company’s stock, valued at approximately $16,826,568.64. This represents a 1.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.60% of the company’s stock.

AutoZone Trading Down 0.1%

AZO stock opened at $3,318.09 on Monday. AutoZone, Inc. has a one year low of $3,210.72 and a one year high of $4,388.11. The firm has a market capitalization of $54.68 billion, a PE ratio of 23.25, a P/E/G ratio of 1.70 and a beta of 0.43. The firm has a 50-day moving average of $3,492.44 and a two-hundred day moving average of $3,596.17.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported $27.63 EPS for the quarter, beating analysts’ consensus estimates of $27.59 by $0.04. AutoZone had a net margin of 12.47% and a negative return on equity of 72.31%. The company had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.31 billion. During the same period in the prior year, the firm earned $28.29 earnings per share. The business’s quarterly revenue was up 8.2% on a year-over-year basis. On average, equities research analysts anticipate that AutoZone, Inc. will post 148.93 earnings per share for the current year.

AutoZone Profile

AutoZone, Inc (NYSE: AZO) is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.

AutoZone serves both do?it?yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.