Duality Advisers LP Acquires New Stake in AutoZone, Inc. (NYSE:AZO)

Duality Advisers LP acquired a new stake in shares of AutoZone, Inc. (NYSE:AZO) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 195 shares of the company’s stock, valued at approximately $504,000.

A number of other hedge funds also recently bought and sold shares of AZO. Rock Creek Group LP purchased a new stake in AutoZone during the third quarter valued at $25,000. ORG Partners LLC bought a new stake in AutoZone during the third quarter valued at about $43,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in AutoZone during the third quarter valued at about $51,000. Turtle Creek Wealth Advisors LLC bought a new stake in AutoZone during the fourth quarter valued at about $54,000. Finally, Steward Financial Group LLC grew its holdings in AutoZone by 66.7% during the third quarter. Steward Financial Group LLC now owns 25 shares of the company’s stock valued at $63,000 after purchasing an additional 10 shares during the period. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Insider Buying and Selling

In other AutoZone news, Chairman William C. Rhodes III sold 6,700 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $3,190.22, for a total transaction of $21,374,474.00. Following the sale, the chairman now directly owns 15,357 shares in the company, valued at $48,992,208.54. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other AutoZone news, Chairman William C. Rhodes III sold 6,700 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $3,190.22, for a total transaction of $21,374,474.00. Following the sale, the chairman now directly owns 15,357 shares in the company, valued at $48,992,208.54. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Eric S. Gould sold 2,100 shares of the company’s stock in a transaction that occurred on 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 sale, the vice president now owns 910 shares in the company, valued at $2,912,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,990 shares of company stock worth $50,335,193. Corporate insiders own 2.50% of the company’s stock.

AutoZone Trading Down 1.3 %

NYSE:AZO opened at $2,948.40 on Friday. The company has a market capitalization of $51.07 billion, a P/E ratio of 20.76, a P/E/G ratio of 1.47 and a beta of 0.70. AutoZone, Inc. has a 12 month low of $2,277.88 and a 12 month high of $3,256.37. The business’s 50-day moving average is $3,024.63 and its 200 day moving average is $2,769.99.

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

Analysts Set New Price Targets

Several analysts have issued reports on AZO shares. Mizuho started coverage on AutoZone in a report on Tuesday, March 19th. They set a “buy” rating and a $3,450.00 price target for the company. StockNews.com lowered AutoZone from a “buy” rating to a “hold” rating in a report on Friday, April 12th. Truist Financial boosted their price target on AutoZone from $3,363.00 to $3,523.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Wedbush boosted their price target on AutoZone from $2,950.00 to $3,400.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. Finally, Barclays upped their price objective on AutoZone from $2,779.00 to $3,100.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $3,086.61.

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.