AutoZone, Inc. (NYSE:AZO) Shares Bought by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership raised its holdings in AutoZone, Inc. (NYSE:AZO - Free Report) by 16.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,146 shares of the company's stock after buying an additional 7,473 shares during the period. Artisan Partners Limited Partnership owned approximately 0.32% of AutoZone worth $170,173,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Flagship Wealth Advisors LLC acquired a new position in shares of AutoZone during the 4th quarter worth about $32,000. Harbour Investments Inc. grew its stake in shares of AutoZone by 42.9% in the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company's stock valued at $32,000 after purchasing an additional 3 shares during the last quarter. Crews Bank & Trust acquired a new position in AutoZone in the 4th quarter valued at $61,000. McIlrath & Eck LLC raised its position in AutoZone by 25.0% during the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company's stock worth $63,000 after buying an additional 4 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in shares of AutoZone in the 4th quarter worth $67,000. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Bailey L. Childress sold 160 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the completion of the sale, the senior vice president now directly owns 50 shares in the company, valued at $177,500. This trade represents a 76.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Philip B. Daniele sold 2,000 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $3,800.01, for a total value of $7,600,020.00. Following the completion of the transaction, the chief executive officer now owns 163 shares in the company, valued at approximately $619,401.63. This trade represents a 92.46 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,721 shares of company stock valued at $24,609,331. Corporate insiders own 2.10% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AZO shares. Roth Mkm raised their price objective on shares of AutoZone from $3,634.00 to $3,763.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Roth Capital set a $3,763.00 price objective on AutoZone in a research report on Wednesday, March 5th. Raymond James reiterated a "strong-buy" rating on shares of AutoZone in a report on Wednesday, March 5th. Guggenheim upped their target price on shares of AutoZone from $3,750.00 to $3,850.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Finally, Truist Financial lifted their price target on shares of AutoZone from $3,753.00 to $3,841.00 and gave the company a "buy" 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 issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $3,683.36.

AutoZone Stock Up 1.3 %

Shares of AutoZone stock traded up $49.00 during trading hours on Monday, hitting $3,820.00. The company's stock had a trading volume of 65,373 shares, compared to its average volume of 123,944. The business has a fifty day moving average of $3,483.80 and a 200 day moving average of $3,280.69. AutoZone, Inc. has a 1-year low of $2,728.97 and a 1-year high of $3,840.91. The company has a market capitalization of $64.11 billion, a PE ratio of 25.52, a P/E/G ratio of 1.86 and a beta of 0.71.

AutoZone (NYSE:AZO - Get Free Report) last released its quarterly earnings data on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing the consensus estimate of $29.11 by ($0.82). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The company had revenue of $3.95 billion during the quarter, compared to analysts' expectations of $3.98 billion. On average, sell-side analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

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.