Aster Capital Management DIFC Ltd Buys New Shares in AutoZone, Inc. $AZO

Aster Capital Management DIFC Ltd bought a new stake in AutoZone, Inc. (NYSE:AZO) during the fourth quarter, HoldingsChannel reports. The firm bought 402 shares of the company’s stock, valued at approximately $1,363,000. AutoZone comprises about 0.6% of Aster Capital Management DIFC Ltd’s holdings, making the stock its 23rd largest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Turning Point Benefit Group Inc. bought a new position in shares of AutoZone in the 3rd quarter valued at about $25,000. Torren Management LLC bought a new position in shares of AutoZone in the 4th quarter valued at about $27,000. Transamerica Financial Advisors LLC grew its position in shares of AutoZone by 100.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 8 shares of the company’s stock valued at $28,000 after acquiring an additional 4 shares during the period. MCF Advisors LLC grew its position in shares of AutoZone by 50.0% in the 4th quarter. MCF Advisors LLC now owns 9 shares of the company’s stock valued at $31,000 after acquiring an additional 3 shares during the period. Finally, Bard Associates Inc. bought a new position in shares of AutoZone in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Stock Performance

Shares of AZO stock opened at $3,105.57 on Tuesday. The company has a market capitalization of $51.18 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 1.58 and a beta of 0.35. The company has a 50-day simple moving average of $3,361.28 and a 200 day simple moving average of $3,506.08. AutoZone, Inc. has a 52 week low of $2,928.11 and a 52 week high of $4,388.11.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, May 26th. The company reported $38.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $36.22 by $1.85. The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.86 billion. AutoZone had a net margin of 12.40% and a negative return on equity of 80.35%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $35.36 EPS. Sell-side analysts forecast that AutoZone, Inc. will post 150.45 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Weiss Ratings raised shares of AutoZone from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Roth Mkm decreased their price objective on shares of AutoZone from $4,526.00 to $4,023.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. UBS Group set a $4,800.00 price objective on shares of AutoZone in a research report on Tuesday, March 3rd. Jefferies Financial Group decreased their price objective on shares of AutoZone from $4,400.00 to $4,000.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. Finally, BMO Capital Markets decreased their price objective on shares of AutoZone from $4,300.00 to $4,000.00 and set an “outperform” rating for the company in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $4,040.87.

Insider Transactions at AutoZone

In other AutoZone news, Director Earl G. Graves, Jr. sold 50 shares of the business’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $3,478.72, for a total value of $173,936.00. Following the completion of the sale, the director owned 4,837 shares of the company’s stock, valued at $16,826,568.64. The trade was a 1.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Brian Hannasch acquired 165 shares of the business’s stock in a transaction on Friday, May 29th. The stock was acquired at an average cost of $2,987.00 per share, with a total value of $492,855.00. Following the acquisition, the director directly owned 1,219 shares in the company, valued at approximately $3,641,153. This trade represents a 15.65% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 2.60% of the company’s stock.

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.