Natixis Advisors LLC Has $50.43 Million Stake in AutoZone, Inc. (NYSE:AZO)

Natixis Advisors LLC lowered its position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 2.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 15,749 shares of the company's stock after selling 373 shares during the period. Natixis Advisors LLC owned 0.09% of AutoZone worth $50,429,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Darwin Wealth Management LLC bought a new position in shares of AutoZone in the third quarter worth $47,000. Crews Bank & Trust acquired a new stake in shares of AutoZone during the 4th quarter valued at $61,000. McIlrath & Eck LLC lifted its stake in AutoZone by 25.0% during the third quarter. McIlrath & Eck LLC now owns 20 shares of the company's stock valued at $63,000 after buying an additional 4 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in AutoZone in the 4th quarter worth approximately $67,000. Finally, Providence First Trust Co acquired a new stake in AutoZone during the 4th quarter valued at $80,000. Institutional investors and hedge funds own 92.74% of the company's stock.

Insider Activity at AutoZone

In related news, VP Dennis W. Leriche sold 1,575 shares of the business's 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 transaction, the vice president now directly owns 417 shares in the company, valued at $1,501,200. The trade was a 79.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction, the senior vice president now directly owns 50 shares of the company's stock, valued at $177,500. The trade was a 76.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,871 shares of company stock worth $6,720,811 in the last ninety days. 2.10% of the stock is currently owned by insiders.

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AutoZone Stock Performance

Shares of AutoZone stock traded down $21.65 during trading on Thursday, reaching $3,569.96. The company's stock had a trading volume of 81,275 shares, compared to its average volume of 126,400. AutoZone, Inc. has a one year low of $2,728.97 and a one year high of $3,704.43. The firm has a market cap of $59.91 billion, a price-to-earnings ratio of 23.85, a price-to-earnings-growth ratio of 1.86 and a beta of 0.71. The business's fifty day moving average price is $3,420.93 and its 200-day moving average price is $3,252.77.

AutoZone (NYSE:AZO - Get Free Report) last issued 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 business had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.98 billion. Sell-side analysts anticipate that AutoZone, Inc. will post 152.94 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on AZO shares. Bank of America lifted their price target on AutoZone from $3,600.00 to $3,700.00 and gave the company a "neutral" rating in a report on Wednesday, March 5th. Argus downgraded AutoZone from a "buy" rating to a "hold" rating in a report on Wednesday, March 5th. Roth Capital set a $3,763.00 price target on shares of AutoZone in a report on Wednesday, March 5th. Citigroup upped their price objective on shares of AutoZone from $3,500.00 to $3,900.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Finally, BMO Capital Markets increased their target price on shares of AutoZone from $3,700.00 to $3,850.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $3,651.91.

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.