AutoZone, Inc. (NYSE:AZO) Stake Reduced by Anthracite Investment Company Inc.

Anthracite Investment Company Inc. trimmed its holdings in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 20.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,000 shares of the company's stock after selling 259 shares during the period. AutoZone comprises 1.1% of Anthracite Investment Company Inc.'s investment portfolio, making the stock its 24th biggest holding. Anthracite Investment Company Inc.'s holdings in AutoZone were worth $3,202,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of AZO. Cerity Partners LLC boosted its position in shares of AutoZone by 21.9% during the 3rd quarter. Cerity Partners LLC now owns 3,292 shares of the company's stock worth $10,371,000 after purchasing an additional 592 shares in the last quarter. Kingsview Wealth Management LLC boosted its holdings in AutoZone by 5.5% during the third quarter. Kingsview Wealth Management LLC now owns 154 shares of the company's stock worth $484,000 after buying an additional 8 shares in the last quarter. Summit Trail Advisors LLC grew its position in AutoZone by 45.1% during the third quarter. Summit Trail Advisors LLC now owns 148 shares of the company's stock worth $465,000 after buying an additional 46 shares during the period. Daiwa Securities Group Inc. increased its holdings in AutoZone by 12.7% in the third quarter. Daiwa Securities Group Inc. now owns 2,147 shares of the company's stock valued at $6,763,000 after buying an additional 242 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of AutoZone during the 3rd quarter valued at approximately $712,000. 92.74% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at AutoZone

In other AutoZone news, CEO Philip B. Daniele sold 2,000 shares of the business's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $3,800.01, for a total transaction 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. The trade was a 92.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Richard Craig Smith sold 2,850 shares of the firm's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $3,610.00, for a total value of $10,288,500.00. Following the transaction, the vice president now directly owns 2,924 shares in the company, valued at $10,555,640. This trade represents a 49.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,721 shares of company stock valued at $24,609,331 in the last ninety days. Company insiders own 2.10% of the company's stock.

AutoZone Price Performance

NYSE:AZO traded down $58.39 during midday trading on Friday, reaching $3,769.72. 166,671 shares of the company traded hands, compared to its average volume of 130,256. The firm has a market capitalization of $63.26 billion, a price-to-earnings ratio of 25.19, a price-to-earnings-growth ratio of 1.86 and a beta of 0.71. The company has a fifty day moving average price of $3,483.80 and a 200 day moving average price of $3,279.56. AutoZone, Inc. has a twelve month low of $2,728.97 and a twelve month high of $3,838.00.

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 net margin of 14.18% and a negative return on equity of 53.89%. The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.98 billion. On average, equities research analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AZO. TD Cowen raised their price target on AutoZone from $3,450.00 to $3,800.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Guggenheim lifted their price objective on AutoZone from $3,750.00 to $3,850.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Roth Mkm upped their price target on shares of AutoZone from $3,634.00 to $3,763.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Raymond James restated a "strong-buy" rating on shares of AutoZone in a report on Wednesday, March 5th. Finally, DA Davidson upgraded shares of AutoZone from a "neutral" rating to a "buy" rating and lifted their target price for the company from $3,500.00 to $4,192.00 in a report on Friday, March 21st. One equities research 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 company. According to MarketBeat, AutoZone has a consensus rating of "Moderate Buy" and an average target price of $3,683.36.

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.