AutoZone, Inc. (NYSE:AZO) Shares Sold by Anthracite Investment Company Inc.

Anthracite Investment Company Inc. decreased its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 20.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,000 shares of the company’s stock after selling 259 shares during the quarter. AutoZone comprises approximately 1.1% of Anthracite Investment Company Inc.’s holdings, making the stock its 24th biggest holding. Anthracite Investment Company Inc.’s holdings in AutoZone were worth $3,202,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Flagship Wealth Advisors LLC acquired a new position in shares of AutoZone during the fourth quarter worth about $32,000. Harbour Investments Inc. lifted its position in AutoZone by 42.9% during the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock worth $32,000 after acquiring an additional 3 shares in the last quarter. Crews Bank & Trust acquired a new position in AutoZone during the 4th quarter worth approximately $61,000. McIlrath & Eck LLC boosted its holdings in AutoZone by 25.0% in the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after acquiring an additional 4 shares during the period. Finally, Whipplewood Advisors LLC acquired a new stake in AutoZone in the fourth quarter valued at approximately $67,000. 92.74% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at AutoZone

In other news, SVP Bailey L. Childress sold 160 shares of the business’s stock in a transaction on 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 sale, the senior vice president now owns 50 shares of the company’s stock, valued at approximately $177,500. The trade was a 76.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Richard Craig Smith sold 2,850 shares of the company’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $3,610.00, for a total value of $10,288,500.00. Following the completion of the sale, the vice president now owns 2,924 shares of the company’s stock, valued at approximately $10,555,640. This trade represents a 49.36 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,721 shares of company stock valued at $17,009,311. 2.10% of the stock is currently owned by corporate insiders.

AutoZone Stock Up 0.5 %

Shares of NYSE:AZO opened at $3,675.49 on Wednesday. The company’s 50-day moving average price is $3,450.75 and its 200 day moving average price is $3,267.24. The company has a market cap of $61.68 billion, a PE ratio of 24.56, a P/E/G ratio of 1.86 and a beta of 0.71. AutoZone, Inc. has a fifty-two week low of $2,728.97 and a fifty-two week high of $3,704.43.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, March 4th. The company reported $28.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $29.11 by ($0.82). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.98 billion. As a group, equities analysts anticipate that AutoZone, Inc. will post 152.94 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on AZO shares. TD Cowen boosted their target price on shares of AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Truist Financial boosted their price objective on shares of AutoZone from $3,753.00 to $3,841.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. BMO Capital Markets lifted their target price on AutoZone from $3,700.00 to $3,850.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Wells Fargo & Company increased their price target on AutoZone from $3,750.00 to $3,850.00 and gave the company an “overweight” rating in a report on Wednesday, March 5th. Finally, Wedbush restated an “outperform” rating and set a $3,700.00 price objective on shares of AutoZone in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, sixteen have issued a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $3,683.36.

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.