Fox Run Management L.L.C. Acquires New Stake in AutoZone, Inc. (NYSE:AZO)

Fox Run Management L.L.C. acquired a new stake in AutoZone, Inc. (NYSE:AZO) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 266 shares of the company’s stock, valued at approximately $852,000.

Other institutional investors have also bought and sold shares of the company. Flagship Wealth Advisors LLC purchased a new position in AutoZone in the fourth quarter valued at approximately $32,000. Harbour Investments Inc. boosted its holdings in shares of AutoZone by 42.9% in the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock worth $32,000 after acquiring an additional 3 shares during the period. Crews Bank & Trust purchased a new position in shares of AutoZone in the fourth quarter valued at $61,000. McIlrath & Eck LLC raised its stake in shares of AutoZone by 25.0% during the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after purchasing an additional 4 shares during the period. Finally, Whipplewood Advisors LLC purchased a new stake in AutoZone during the 4th quarter worth about $67,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Price Performance

Shares of AZO opened at $3,605.88 on Monday. The firm has a market cap of $60.51 billion, a P/E ratio of 24.09, a P/E/G ratio of 1.86 and a beta of 0.71. The stock has a 50 day simple moving average of $3,433.28 and a two-hundred day simple moving average of $3,259.40. AutoZone, Inc. has a 1 year low of $2,728.97 and a 1 year high of $3,704.43.

AutoZone (NYSE:AZO) last issued 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). The firm had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.98 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. On average, equities analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Bank of America lifted 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. DA Davidson upgraded AutoZone from a “neutral” rating to a “buy” rating and upped their price target for the company from $3,500.00 to $4,192.00 in a research report on Friday. Roth Capital set a $3,763.00 price target on AutoZone in a research report on Wednesday, March 5th. Barclays upped their price target on AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Finally, Mizuho upped their price target on AutoZone from $3,600.00 to $3,740.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $3,683.36.

Insider Buying and Selling at AutoZone

In other AutoZone news, SVP K. Michelle Borninkhof sold 136 shares of the business’s 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Bailey L. Childress sold 160 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $3,550.00, for a total value of $568,000.00. Following the completion of the sale, the senior vice president now owns 50 shares of the company’s stock, valued at $177,500. The trade was a 76.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,721 shares of company stock worth $17,009,311. 2.10% of the stock is currently owned by insiders.

AutoZone 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.