May Hill Capital LLC Invests $210,000 in AutoZone, Inc. (NYSE:AZO)

May Hill Capital LLC acquired a new position in shares of AutoZone, Inc. (NYSE:AZO) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 55 shares of the company’s stock, valued at approximately $210,000.

A number of other large investors also recently modified their holdings of the business. Headlands Technologies LLC bought a new position in AutoZone in the 4th quarter valued at about $29,000. Flagship Wealth Advisors LLC bought a new position in shares of AutoZone during the fourth quarter worth approximately $32,000. Harbour Investments Inc. increased its holdings in shares of AutoZone by 42.9% during the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock worth $32,000 after purchasing an additional 3 shares during the period. Minot DeBlois Advisors LLC bought a new position in shares of AutoZone during the fourth quarter worth approximately $45,000. Finally, Tradewinds Capital Management LLC boosted its position in shares of AutoZone by 30.0% during the 1st quarter. Tradewinds Capital Management LLC now owns 13 shares of the company’s stock worth $50,000 after acquiring an additional 3 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.

AutoZone Stock Performance

NYSE:AZO opened at $3,788.48 on Tuesday. The firm has a 50-day simple moving average of $3,705.07 and a two-hundred day simple moving average of $3,552.20. The firm has a market cap of $63.57 billion, a P/E ratio of 25.64, a P/E/G ratio of 2.25 and a beta of 0.39. AutoZone, Inc. has a fifty-two week low of $2,802.79 and a fifty-two week high of $3,916.81.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, May 27th. The company reported $35.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $37.07 by ($1.71). The business had revenue of $4.46 billion during the quarter, compared to analysts’ expectations of $4.41 billion. AutoZone had a negative return on equity of 56.07% and a net margin of 13.56%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $36.69 EPS. On average, equities research analysts predict that AutoZone, Inc. will post 152.94 EPS for the current year.

Analysts Set New Price Targets

AZO has been the topic of several analyst reports. UBS Group increased their price target on shares of AutoZone from $4,025.00 to $4,260.00 and gave the stock a “buy” rating in a research report on Friday, May 23rd. Bank of America upgraded shares of AutoZone from a “neutral” rating to a “buy” rating and increased their price target for the stock from $3,900.00 to $4,800.00 in a research report on Wednesday, May 21st. Morgan Stanley restated an “overweight” rating and issued a $4,000.00 target price (up previously from $3,750.00) on shares of AutoZone in a research report on Wednesday, May 28th. Evercore ISI set a $3,950.00 target price on shares of AutoZone in a research report on Monday, May 19th. Finally, The Goldman Sachs Group set a $3,811.00 target price on shares of AutoZone in a research report on Friday, May 23rd. Two investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $4,087.00.

Insider Activity at AutoZone

In other news, Chairman William C. Rhodes III sold 27,500 shares of the business’s stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $3,708.93, for a total value of $101,995,575.00. Following the sale, the chairman directly owned 8,546 shares in the company, valued at $31,696,515.78. The trade was a 76.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP K. Michelle Borninkhof sold 750 shares of the business’s stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $3,597.13, for a total transaction of $2,697,847.50. Following the completion of the sale, the senior vice president owned 406 shares in the company, valued at approximately $1,460,434.78. This trade represents a 64.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,662 shares of company stock worth $131,999,089 in the last quarter. 2.10% of the stock is owned by company 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.