AutoZone, Inc. (NYSE:AZO) Shares Sold by Evoke Wealth LLC

Evoke Wealth LLC decreased its holdings in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,149 shares of the company's stock after selling 173 shares during the period. Evoke Wealth LLC's holdings in AutoZone were worth $10,083,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Prime Capital Investment Advisors LLC bought a new stake in AutoZone in the 3rd quarter worth approximately $239,000. CIBC Asset Management Inc increased its holdings in AutoZone by 7.2% in the 3rd quarter. CIBC Asset Management Inc now owns 2,497 shares of the company's stock valued at $7,866,000 after acquiring an additional 168 shares during the last quarter. Empowered Funds LLC increased its holdings in AutoZone by 16.6% in the 3rd quarter. Empowered Funds LLC now owns 1,514 shares of the company's stock valued at $4,769,000 after acquiring an additional 215 shares during the last quarter. Braun Stacey Associates Inc. increased its holdings in shares of AutoZone by 0.9% in the 3rd quarter. Braun Stacey Associates Inc. now owns 7,129 shares of the company's stock worth $22,457,000 after buying an additional 61 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC increased its holdings in shares of AutoZone by 12.0% in the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 93 shares of the company's stock worth $293,000 after buying an additional 10 shares during the last quarter. Institutional investors own 92.74% of the company's stock.

Insiders Place Their Bets

In other news, SVP Bailey L. Childress sold 160 shares of the company's stock in a transaction 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 transaction, the senior vice president now owns 50 shares in the company, valued at approximately $177,500. This represents a 76.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Richard Craig Smith sold 2,850 shares of the company's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $3,610.00, for a total transaction of $10,288,500.00. Following the completion of the transaction, the vice president now owns 2,924 shares of the company's stock, valued at approximately $10,555,640. The trade was a 49.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,721 shares of company stock worth $17,009,311 in the last 90 days. Corporate insiders own 2.10% of the company's stock.

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AutoZone Price Performance

Shares of AZO stock traded up $32.50 during trading on Friday, reaching $3,605.88. The company's stock had a trading volume of 208,657 shares, compared to its average volume of 126,293. The company has a market capitalization of $60.51 billion, a price-to-earnings ratio of 24.09, a P/E/G ratio of 1.86 and a beta of 0.71. The stock's 50-day moving average price is $3,433.28 and its 200 day moving average price is $3,257.92. AutoZone, Inc. has a 1-year low of $2,728.97 and a 1-year high of $3,704.43.

AutoZone (NYSE:AZO - Get Free Report) last posted its quarterly earnings results 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 negative return on equity of 53.89% and a net margin of 14.18%. The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.98 billion. On average, sell-side analysts anticipate that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on AZO. UBS Group upped their price target on shares of AutoZone from $3,875.00 to $4,025.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Bank of America increased their price objective on shares of AutoZone from $3,600.00 to $3,700.00 and gave the stock a "neutral" rating in a research note on Wednesday, March 5th. Mizuho increased their price target on shares of AutoZone from $3,600.00 to $3,740.00 and gave the stock an "outperform" rating in a report on Wednesday, March 5th. DA Davidson raised shares of AutoZone from a "neutral" rating to a "buy" rating and raised their price target for the stock from $3,500.00 to $4,192.00 in a research note on Friday. Finally, Truist Financial raised their price objective on shares of AutoZone from $3,753.00 to $3,841.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, sixteen have assigned a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $3,683.36.

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.