AutoZone, Inc. (NYSE:AZO) Shares Bought by Larson Financial Group LLC

Larson Financial Group LLC increased its stake in AutoZone, Inc. (NYSE:AZO) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57 shares of the company’s stock after purchasing an additional 4 shares during the quarter. Larson Financial Group LLC’s holdings in AutoZone were worth $183,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of AZO. Geode Capital Management LLC grew its position in AutoZone by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 421,716 shares of the company’s stock valued at $1,326,545,000 after buying an additional 7,365 shares in the last quarter. Proficio Capital Partners LLC grew its position in AutoZone by 482,040.2% in the 4th quarter. Proficio Capital Partners LLC now owns 419,462 shares of the company’s stock valued at $1,343,117,000 after buying an additional 419,375 shares in the last quarter. PineStone Asset Management Inc. grew its position in AutoZone by 6.9% in the 4th quarter. PineStone Asset Management Inc. now owns 213,575 shares of the company’s stock valued at $683,867,000 after buying an additional 13,771 shares in the last quarter. Marshfield Associates grew its position in AutoZone by 0.5% in the 3rd quarter. Marshfield Associates now owns 169,586 shares of the company’s stock valued at $534,204,000 after buying an additional 796 shares in the last quarter. Finally, Baillie Gifford & Co. grew its position in AutoZone by 35.6% in the 4th quarter. Baillie Gifford & Co. now owns 163,089 shares of the company’s stock valued at $522,211,000 after buying an additional 42,776 shares in the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AZO shares. Roth Capital set a $3,763.00 target price on shares of AutoZone in a research report on Wednesday, March 5th. Argus lowered shares of AutoZone from a “buy” rating to a “hold” rating in a research report on Wednesday, March 5th. TD Cowen raised their price objective on shares of AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Bank of America raised 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. Finally, Barclays raised 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 report on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $3,651.91.

AutoZone Price Performance

Shares of AZO opened at $3,561.95 on Wednesday. The company has a 50-day moving average of $3,383.15 and a two-hundred day moving average of $3,236.73. The stock has a market cap of $59.78 billion, a price-to-earnings ratio of 23.80, a PEG ratio of 1.86 and a beta of 0.71. AutoZone, Inc. has a one year low of $2,728.97 and a one year high of $3,704.43.

AutoZone (NYSE:AZO) last posted 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 company 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%. Analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Insider Transactions at AutoZone

In other news, SVP Bailey L. Childress sold 160 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $3,550.00, for a total value of $568,000.00. Following the completion of the sale, the senior vice president now directly owns 50 shares of the company’s stock, valued at $177,500. This represents a 76.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Dennis W. Leriche sold 1,575 shares of the firm’s stock in a transaction that occurred on 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 transaction, the vice president now directly owns 417 shares in the company, valued at approximately $1,501,200. The trade was a 79.07 % decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is owned by insiders.

About AutoZone

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.