Camden National Bank Sells 17 Shares of AutoZone, Inc. (NYSE:AZO)

Camden National Bank lowered its position in shares of AutoZone, Inc. (NYSE:AZO) by 16.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85 shares of the company’s stock after selling 17 shares during the quarter. Camden National Bank’s holdings in AutoZone were worth $272,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new position in shares of AutoZone during the 3rd quarter worth approximately $36,000. Darwin Wealth Management LLC bought a new position in shares of AutoZone during the 3rd quarter worth approximately $47,000. Crews Bank & Trust bought a new position in shares of AutoZone during the 4th quarter worth approximately $61,000. McIlrath & Eck LLC lifted its position in shares of AutoZone by 25.0% during the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after buying an additional 4 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in shares of AutoZone during the 3rd quarter worth approximately $66,000. Institutional investors own 92.74% of the company’s stock.

Analyst Ratings Changes

AZO has been the topic of several recent analyst reports. Argus cut shares of AutoZone from a “buy” rating to a “hold” rating in a research report on Wednesday. Evercore ISI lifted their price target on shares of AutoZone from $3,525.00 to $3,700.00 and gave the stock an “outperform” rating in a report on Wednesday. Wedbush reaffirmed an “outperform” rating and issued a $3,700.00 price target on shares of AutoZone in a report on Wednesday. Mizuho lifted their price target on shares of AutoZone from $3,600.00 to $3,740.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Morgan Stanley lifted their price target on shares of AutoZone from $3,490.00 to $3,750.00 and gave the stock an “overweight” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $3,646.62.

AutoZone Price Performance

AZO opened at $3,620.28 on Friday. The company has a fifty day moving average price of $3,365.96 and a 200-day moving average price of $3,229.56. The firm has a market capitalization of $60.76 billion, a P/E ratio of 24.19, a price-to-earnings-growth 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 $3,636.96.

AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing analysts’ consensus estimates of $29.11 by ($0.82). The firm had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.98 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. On average, analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Insider Activity

In other news, SVP Bailey L. Childress sold 160 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the completion of the transaction, the senior vice president now directly owns 50 shares in the company, valued at $177,500. The trade was a 76.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.10% of the company’s stock.

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.