AutoZone, Inc. (NYSE:AZO) Shares Acquired by SVB Wealth LLC

SVB Wealth LLC raised its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 9.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 259 shares of the company’s stock after acquiring an additional 22 shares during the period. SVB Wealth LLC’s holdings in AutoZone were worth $670,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. RB Capital Management LLC acquired a new position in shares of AutoZone in the 1st quarter valued at $274,000. Fairfield Bush & CO. acquired a new position in shares of AutoZone in the 1st quarter valued at $57,000. Roundview Capital LLC lifted its stake in shares of AutoZone by 8.1% in the 1st quarter. Roundview Capital LLC now owns 426 shares of the company’s stock valued at $871,000 after purchasing an additional 32 shares during the period. Cetera Advisor Networks LLC lifted its stake in shares of AutoZone by 31.7% in the 1st quarter. Cetera Advisor Networks LLC now owns 237 shares of the company’s stock valued at $485,000 after purchasing an additional 57 shares during the period. Finally, Sei Investments Co. lifted its stake in shares of AutoZone by 24.4% in the 1st quarter. Sei Investments Co. now owns 12,966 shares of the company’s stock valued at $26,331,000 after purchasing an additional 2,545 shares during the period. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at AutoZone

In related news, VP Eric S. Gould sold 2,100 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $3,200.00, for a total value of $6,720,000.00. Following the completion of the sale, the vice president now owns 910 shares of the company’s stock, valued at $2,912,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other AutoZone news, VP Eric S. Gould sold 2,100 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $3,200.00, for a total value of $6,720,000.00. Following the transaction, the vice president now owns 910 shares of the company’s stock, valued at $2,912,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman William C. Rhodes III sold 6,700 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $3,190.22, for a total transaction of $21,374,474.00. Following the completion of the transaction, the chairman now directly owns 15,357 shares in the company, valued at approximately $48,992,208.54. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,990 shares of company stock valued at $50,335,193. 2.50% of the stock is owned by company insiders.

AutoZone Stock Up 0.4 %

AutoZone stock opened at $2,985.55 on Friday. AutoZone, Inc. has a 52-week low of $2,277.88 and a 52-week high of $3,256.37. The company has a fifty day simple moving average of $3,005.06 and a 200-day simple moving average of $2,757.38. The firm has a market capitalization of $51.71 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 1.46 and a beta of 0.70.

AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $28.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $26.08 by $2.81. AutoZone had a net margin of 14.70% and a negative return on equity of 56.06%. The firm had revenue of $3.86 billion during the quarter, compared to analyst estimates of $4.32 billion. During the same quarter in the prior year, the firm posted $24.64 earnings per share. AutoZone’s quarterly revenue was up 4.6% on a year-over-year basis. On average, research analysts anticipate that AutoZone, Inc. will post 152.4 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Truist Financial boosted their target price on shares of AutoZone from $3,363.00 to $3,523.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. DA Davidson boosted their price target on shares of AutoZone from $2,770.00 to $3,025.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Evercore ISI cut their price target on shares of AutoZone from $3,400.00 to $3,346.00 and set an “outperform” rating for the company in a report on Tuesday. Mizuho assumed coverage on shares of AutoZone in a report on Tuesday, March 19th. They issued a “buy” rating and a $3,450.00 price target for the company. Finally, Wedbush boosted their price target on shares of AutoZone from $2,950.00 to $3,400.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $3,086.61.

AutoZone 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.