Lbp Am Sa Acquires Shares of 453 AutoZone, Inc. (NYSE:AZO)

Lbp Am Sa acquired a new stake in AutoZone, Inc. (NYSE:AZO) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 453 shares of the company’s stock, valued at approximately $1,451,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AZO. Darwin Wealth Management LLC bought a new stake in AutoZone in the third quarter valued at approximately $47,000. Crews Bank & Trust bought a new stake in AutoZone in the fourth quarter valued at approximately $61,000. McIlrath & Eck LLC raised its holdings in shares of AutoZone by 25.0% during the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after acquiring an additional 4 shares in the last quarter. Whipplewood Advisors LLC bought a new position in shares of AutoZone during the fourth quarter valued at approximately $67,000. Finally, Providence First Trust Co bought a new position in shares of AutoZone during the fourth quarter valued at approximately $80,000. Institutional investors own 92.74% of the company’s stock.

Insider Buying and Selling at AutoZone

In other news, SVP K. Michelle Borninkhof sold 136 shares of AutoZone stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $3,550.08, for a total value of $482,810.88. Following the completion of the transaction, the senior vice president now owns 403 shares in the company, valued at approximately $1,430,682.24. The trade was a 25.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Bailey L. Childress sold 160 shares of AutoZone stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total value of $568,000.00. Following the completion of the transaction, the senior vice president now owns 50 shares of the company’s stock, valued at approximately $177,500. This trade represents a 76.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,871 shares of company stock worth $6,720,811 in the last quarter. 2.10% of the stock is owned by corporate insiders.

AutoZone Stock Up 0.2 %

NYSE AZO opened at $3,553.69 on Friday. The stock’s 50-day moving average price is $3,401.49 and its 200-day moving average price is $3,244.10. AutoZone, Inc. has a 52 week low of $2,728.97 and a 52 week high of $3,704.43. The company has a market capitalization of $59.64 billion, a P/E ratio of 23.74, a price-to-earnings-growth ratio of 1.86 and a beta of 0.71.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $29.11 by ($0.82). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.98 billion. Research analysts anticipate that AutoZone, Inc. will post 152.94 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AZO. Bank of America upped their target price on AutoZone from $3,600.00 to $3,700.00 and gave the company a “neutral” rating in a report on Wednesday, March 5th. Wedbush restated an “outperform” rating and set a $3,700.00 target price on shares of AutoZone in a report on Wednesday, March 5th. JPMorgan Chase & Co. upped their price target on AutoZone from $3,775.00 to $3,830.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. Argus cut AutoZone from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Finally, Morgan Stanley upped their price target on AutoZone from $3,490.00 to $3,750.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $3,651.91.

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.