AutoZone, Inc. (NYSE:AZO) Shares Bought by Boothbay Fund Management LLC

Boothbay Fund Management LLC boosted its stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 3,964.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,821 shares of the company's stock after buying an additional 3,727 shares during the period. Boothbay Fund Management LLC's holdings in AutoZone were worth $12,235,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new stake in shares of AutoZone during the 4th quarter valued at approximately $29,000. Flagship Wealth Advisors LLC acquired a new stake in AutoZone during the fourth quarter worth $32,000. Harbour Investments Inc. increased its stake in AutoZone by 42.9% during the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company's stock worth $32,000 after acquiring an additional 3 shares during the last quarter. Crews Bank & Trust purchased a new stake in AutoZone in the fourth quarter valued at $61,000. Finally, McIlrath & Eck LLC lifted its stake in shares of AutoZone by 25.0% in the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company's stock valued at $63,000 after purchasing an additional 4 shares during the last quarter. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AZO has been the subject of a number of recent analyst reports. Guggenheim raised their price objective on AutoZone from $3,750.00 to $3,850.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. The Goldman Sachs Group upgraded shares of AutoZone from a "sell" rating to a "neutral" rating and lifted their price target for the company from $3,044.00 to $3,811.00 in a research report on Tuesday, April 1st. Roth Capital set a $3,763.00 price objective on shares of AutoZone in a report on Wednesday, March 5th. StockNews.com raised shares of AutoZone from a "hold" rating to a "buy" rating in a research report on Monday. Finally, UBS Group boosted their target price on AutoZone from $3,875.00 to $4,025.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Four research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $3,724.00.

Insider Activity at AutoZone

In other AutoZone news, CEO Philip B. Daniele sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $3,800.01, for a total value of $7,600,020.00. Following the transaction, the chief executive officer now directly owns 163 shares in the company, valued at $619,401.63. This represents a 92.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Bailey L. Childress sold 160 shares of the firm's stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 50 shares in the company, valued at approximately $177,500. The trade was a 76.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,521 shares of company stock valued at $42,177,331 over the last quarter. 2.10% of the stock is owned by insiders.

AutoZone Price Performance

Shares of AZO stock traded up $86.44 during trading hours on Tuesday, reaching $3,704.35. 111,338 shares of the stock were exchanged, compared to its average volume of 131,810. AutoZone, Inc. has a 12-month low of $2,728.97 and a 12-month high of $3,916.81. The business's fifty day moving average is $3,595.74 and its two-hundred day moving average is $3,365.80. The firm has a market capitalization of $62.17 billion, a P/E ratio of 24.75, a P/E/G ratio of 1.86 and a beta of 0.54.

AutoZone (NYSE:AZO - Get Free Report) last announced its quarterly earnings data on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing analysts' consensus estimates of $29.11 by ($0.82). The firm had revenue of $3.95 billion during the quarter, compared to analysts' expectations of $3.98 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. As a group, equities research analysts predict 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.