Mather Group LLC. Trims Stock Position in AutoZone, Inc. (NYSE:AZO)

Mather Group LLC. reduced its stake in shares of AutoZone, Inc. (NYSE:AZO) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 220 shares of the company’s stock after selling 7 shares during the quarter. Mather Group LLC.’s holdings in AutoZone were worth $569,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in AZO. Valeo Financial Advisors LLC purchased a new position in AutoZone during the 3rd quarter valued at $216,000. Commonwealth Equity Services LLC grew its position in shares of AutoZone by 32.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 2,454 shares of the company’s stock worth $6,234,000 after buying an additional 595 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of AutoZone by 65.7% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 3,277 shares of the company’s stock worth $8,324,000 after buying an additional 1,299 shares during the period. Kingswood Wealth Advisors LLC purchased a new stake in shares of AutoZone in the 3rd quarter worth about $437,000. Finally, Raymond James Financial Services Advisors Inc. grew its position in shares of AutoZone by 1.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 15,542 shares of the company’s stock worth $39,477,000 after buying an additional 228 shares during the period. 92.74% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at AutoZone

In other news, CEO Philip B. Daniele sold 4,190 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $3,161.68, for a total value of $13,247,439.20. Following the transaction, the chief executive officer now owns 900 shares in the company, valued at approximately $2,845,512. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other AutoZone news, VP Eric S. Gould sold 2,100 shares of the firm’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 transaction of $6,720,000.00. Following the sale, the vice president now owns 910 shares in the company, valued at approximately $2,912,000. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Philip B. Daniele sold 4,190 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $3,161.68, for a total transaction of $13,247,439.20. Following the sale, the chief executive officer now owns 900 shares in the company, valued at approximately $2,845,512. The disclosure for this sale can be found here. Insiders have sold 15,990 shares of company stock worth $50,335,193 in the last quarter. Company insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AZO. Truist Financial upped their target price on shares of AutoZone from $3,363.00 to $3,523.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Barclays upped their target price on shares of AutoZone from $2,779.00 to $3,100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. StockNews.com downgraded shares of AutoZone from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. JPMorgan Chase & Co. increased their price objective on shares of AutoZone from $3,000.00 to $3,200.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Finally, Morgan Stanley increased their price objective on shares of AutoZone from $2,900.00 to $3,100.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $3,086.61.

AutoZone Stock Down 0.3 %

Shares of NYSE:AZO opened at $2,946.81 on Thursday. The firm’s 50 day moving average price is $3,043.94 and its 200-day moving average price is $2,782.53. AutoZone, Inc. has a twelve month low of $2,277.88 and a twelve month high of $3,256.37. The stock has a market capitalization of $51.04 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 1.49 and a beta of 0.70.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $28.89 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.32 billion. During the same quarter in the prior year, the business earned $24.64 EPS. The business’s quarterly revenue was up 4.6% on a year-over-year basis. Analysts expect that AutoZone, Inc. will post 152.4 earnings per share for the current fiscal year.

AutoZone Company 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.