Turtle Creek Wealth Advisors LLC Buys Shares of 21 AutoZone, Inc. (NYSE:AZO)

Turtle Creek Wealth Advisors LLC purchased a new stake in shares of AutoZone, Inc. (NYSE:AZO) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 21 shares of the company’s stock, valued at approximately $54,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of AutoZone during the 3rd quarter valued at $25,000. Rock Creek Group LP purchased a new position in shares of AutoZone during the 3rd quarter valued at $25,000. First Capital Advisors Group LLC. purchased a new position in shares of AutoZone during the 2nd quarter valued at $32,000. Mascoma Wealth Management LLC bought a new stake in AutoZone in the third quarter worth $38,000. Finally, MUFG Americas Holdings Corp increased its position in AutoZone by 166.7% during the third quarter. MUFG Americas Holdings Corp now owns 16 shares of the company’s stock worth $34,000 after buying an additional 10 shares during the last quarter. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

AutoZone Price Performance

AZO opened at $3,006.76 on Friday. The company has a market capitalization of $52.08 billion, a P/E ratio of 21.17, a P/E/G ratio of 1.63 and a beta of 0.70. The firm’s fifty day moving average price is $2,985.55 and its two-hundred day moving average price is $2,740.95. AutoZone, Inc. has a fifty-two week low of $2,277.88 and a fifty-two week high of $3,256.37.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, February 27th. The company reported $28.89 earnings per share for the quarter, beating 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 business had revenue of $3.86 billion for the quarter, compared to analyst estimates of $4.32 billion. During the same period in the previous year, the business earned $24.64 EPS. The firm’s revenue was up 4.6% on a year-over-year basis. On average, equities research analysts expect that AutoZone, Inc. will post 151.33 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on AZO. Morgan Stanley upped their price target on AutoZone from $2,900.00 to $3,100.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Evercore ISI increased their price target on AutoZone from $3,375.00 to $3,400.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. DA Davidson boosted their price objective on shares of AutoZone from $2,770.00 to $3,025.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. StockNews.com lowered shares of AutoZone from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Truist Financial boosted 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. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $3,089.61.

Insider Buying and Selling at AutoZone

In other AutoZone news, Chairman William C. Rhodes III sold 6,700 shares of AutoZone 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 of the company’s stock, valued at $48,992,208.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other AutoZone news, VP Grant E. Mcgee sold 693 shares of AutoZone stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $2,654.14, for a total transaction of $1,839,319.02. Following the sale, the vice president now directly owns 251 shares of the company’s stock, valued at $666,189.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman William C. Rhodes III sold 6,700 shares of AutoZone stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $3,190.22, for a total value 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,583 shares of company stock valued at $60,056,012. 2.50% of the stock is currently owned by corporate 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.