Orange Investment Advisors Inc. Reduces Holdings in AutoZone, Inc. $AZO

Orange Investment Advisors Inc. lowered its position in AutoZone, Inc. (NYSE:AZO) by 8.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,411 shares of the company’s stock after selling 214 shares during the quarter. Orange Investment Advisors Inc.’s holdings in AutoZone were worth $8,180,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Turning Point Benefit Group Inc. purchased a new stake in shares of AutoZone during the third quarter worth $25,000. Raleigh Capital Management Inc. bought a new position in AutoZone in the third quarter valued at $26,000. Torren Management LLC purchased a new stake in AutoZone during the fourth quarter valued at about $27,000. Elevated Capital Advisors LLC bought a new stake in AutoZone during the fourth quarter worth about $37,000. Finally, Ares Financial Consulting LLC purchased a new position in shares of AutoZone in the 4th quarter worth about $37,000. 92.74% of the stock is currently owned by institutional investors.

Insider Buying and Selling at AutoZone

In other news, Director Earl G. Graves, Jr. sold 50 shares of AutoZone stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $3,478.72, for a total transaction of $173,936.00. Following the completion of the transaction, the director directly owned 4,837 shares in the company, valued at approximately $16,826,568.64. This trade represents a 1.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

AZO has been the topic of a number of research reports. Robert W. Baird cut AutoZone from an “outperform” rating to a “neutral” rating and set a $3,900.00 price objective on the stock. in a report on Monday, February 9th. Citigroup increased their price target on shares of AutoZone from $4,200.00 to $4,300.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. DA Davidson set a $4,300.00 price objective on shares of AutoZone in a report on Thursday, March 5th. Morgan Stanley increased their target price on shares of AutoZone from $4,000.00 to $4,020.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Finally, Truist Financial decreased their target price on shares of AutoZone from $4,076.00 to $4,045.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, AutoZone currently has an average rating of “Moderate Buy” and an average target price of $4,290.91.

AutoZone Stock Up 0.4%

AZO opened at $3,433.88 on Friday. AutoZone, Inc. has a 52 week low of $3,210.72 and a 52 week high of $4,388.11. The stock has a market cap of $56.59 billion, a PE ratio of 24.06, a PEG ratio of 1.75 and a beta of 0.43. The business has a 50 day moving average of $3,467.83 and a 200-day moving average of $3,586.78.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported $27.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $27.59 by $0.04. The business had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.31 billion. AutoZone had a negative return on equity of 72.31% and a net margin of 12.47%.The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $28.29 earnings per share. Equities analysts anticipate that AutoZone, Inc. will post 148.93 EPS for the current year.

AutoZone Company Profile

AutoZone, Inc (NYSE: AZO) is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.

AutoZone serves both do?it?yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.