ProShare Advisors LLC Has $11.52 Million Stock Holdings in AutoZone, Inc. $AZO

ProShare Advisors LLC lifted its stake in shares of AutoZone, Inc. (NYSE:AZO) by 18.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,397 shares of the company’s stock after buying an additional 527 shares during the period. ProShare Advisors LLC’s holdings in AutoZone were worth $11,521,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Raleigh Capital Management Inc. acquired a new stake in shares of AutoZone during the 3rd quarter worth $26,000. Turning Point Benefit Group Inc. acquired a new stake in shares of AutoZone during the 3rd quarter worth $25,000. Torren Management LLC acquired a new stake in shares of AutoZone during the 4th quarter worth $27,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of AutoZone during the 3rd quarter worth $43,000. Finally, Elevated Capital Advisors LLC acquired a new stake in shares of AutoZone during the 4th quarter worth $37,000. 92.74% of the stock is owned by institutional investors and hedge funds.

AutoZone Stock Up 0.4%

NYSE:AZO opened at $3,433.88 on Friday. The stock’s 50-day simple moving average is $3,467.83 and its 200 day simple moving average is $3,586.78. The firm has a market capitalization of $56.59 billion, a PE ratio of 24.06, a price-to-earnings-growth ratio of 1.75 and a beta of 0.43. AutoZone, Inc. has a twelve month low of $3,210.72 and a twelve month high of $4,388.11.

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

Analysts Set New Price Targets

Several analysts have recently issued reports on AZO shares. Argus raised AutoZone from a “hold” rating to a “buy” rating and set a $4,325.00 target price on the stock in a report on Monday, March 9th. Truist Financial reduced their target price on AutoZone from $4,076.00 to $4,045.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. JPMorgan Chase & Co. increased their target price on AutoZone from $4,100.00 to $4,300.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Roth Mkm reduced their target price on AutoZone from $4,650.00 to $4,526.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. Finally, TD Cowen reduced their target price on AutoZone from $4,400.00 to $4,250.00 and set a “buy” rating on the stock in a report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, AutoZone presently has an average rating of “Moderate Buy” and an average target price of $4,290.91.

Insiders Place Their Bets

In related news, Director Earl G. Graves, Jr. sold 50 shares of the firm’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $3,478.72, for a total value of $173,936.00. Following the sale, the director directly owned 4,837 shares of the company’s stock, valued at $16,826,568.64. This trade represents a 1.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.60% of the stock is owned by company insiders.

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.