Envestnet Portfolio Solutions Inc. raised its stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 18.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 517 shares of the company's stock after purchasing an additional 82 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in AutoZone were worth $1,655,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. Darwin Wealth Management LLC acquired a new stake in shares of AutoZone during the 3rd quarter worth about $47,000. Crews Bank & Trust bought a new stake in AutoZone during the fourth quarter worth about $61,000. McIlrath & Eck LLC increased 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 worth $63,000 after buying an additional 4 shares in the last quarter. Whipplewood Advisors LLC bought a new position in shares of AutoZone in the fourth quarter valued at approximately $67,000. Finally, Providence First Trust Co acquired a new position in shares of AutoZone in the 4th quarter worth approximately $80,000. 92.74% of the stock is currently owned by institutional investors.
AutoZone Trading Up 0.5 %
Shares of AZO stock traded up $17.67 on Tuesday, hitting $3,675.49. The stock had a trading volume of 135,248 shares, compared to its average volume of 126,257. AutoZone, Inc. has a twelve month low of $2,728.97 and a twelve month high of $3,704.43. The company has a fifty day moving average price of $3,450.75 and a two-hundred day moving average price of $3,267.24. The firm has a market cap of $61.68 billion, a P/E ratio of 24.56, a PEG ratio of 1.86 and a beta of 0.71.
AutoZone (NYSE:AZO - Get Free Report) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $3.98 billion. On average, analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current year.
Analyst Ratings Changes
AZO has been the subject of a number of recent analyst reports. Guggenheim raised their price target on AutoZone from $3,750.00 to $3,850.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Wells Fargo & Company lifted their price target on AutoZone from $3,750.00 to $3,850.00 and gave the company an "overweight" rating in a report on Wednesday, March 5th. Bank of America upped their price target on shares of AutoZone from $3,600.00 to $3,700.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 5th. Morgan Stanley raised their price objective on shares of AutoZone from $3,490.00 to $3,750.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. Finally, Mizuho upped their target price on shares of AutoZone from $3,600.00 to $3,740.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, sixteen have issued a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $3,683.36.
Check Out Our Latest Report on AZO
Insider Buying and Selling at AutoZone
In related news, VP Dennis W. Leriche sold 1,575 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $3,600.00, for a total transaction of $5,670,000.00. Following the completion of the transaction, the vice president now directly owns 417 shares in the company, valued at approximately $1,501,200. This trade represents a 79.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 in the company, 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 quarter, insiders have sold 4,721 shares of company stock valued at $17,009,311. 2.10% of the stock is currently owned by corporate insiders.
About AutoZone
(
Free Report)
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.
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