AutoZone, Inc. (NYSE:AZO) Shares Purchased by Cibc World Markets Corp

Cibc World Markets Corp increased its stake in AutoZone, Inc. (NYSE:AZO - Free Report) by 15.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,679 shares of the company's stock after acquiring an additional 367 shares during the period. Cibc World Markets Corp's holdings in AutoZone were worth $8,578,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Pittenger & Anderson Inc. raised its position in AutoZone by 5.2% in the 4th quarter. Pittenger & Anderson Inc. now owns 61 shares of the company's stock valued at $195,000 after purchasing an additional 3 shares in the last quarter. Sound View Wealth Advisors Group LLC increased its stake in shares of AutoZone by 2.0% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 152 shares of the company's stock worth $487,000 after buying an additional 3 shares during the period. Harbour Investments Inc. raised its holdings in AutoZone by 42.9% in the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company's stock valued at $32,000 after acquiring an additional 3 shares in the last quarter. Moors & Cabot Inc. lifted its stake in AutoZone by 4.2% in the third quarter. Moors & Cabot Inc. now owns 99 shares of the company's stock worth $312,000 after acquiring an additional 4 shares during the last quarter. Finally, McIlrath & Eck LLC grew its holdings in AutoZone by 25.0% during the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company's stock worth $63,000 after acquiring an additional 4 shares in the last quarter. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AZO shares. Barclays raised their price objective on shares of AutoZone from $3,024.00 to $3,585.00 and gave the company an "overweight" rating in a report on Thursday, January 9th. Roth Capital set a $3,763.00 price target on AutoZone in a report on Wednesday, March 5th. Morgan Stanley upped their price objective on AutoZone from $3,490.00 to $3,750.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. raised their target price on AutoZone from $3,775.00 to $3,830.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 5th. Finally, Raymond James reaffirmed a "strong-buy" rating on shares of AutoZone in a 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 given a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $3,683.36.

AutoZone Stock Performance

AutoZone stock traded up $32.50 during trading hours on Friday, reaching $3,605.88. 208,657 shares of the stock were exchanged, compared to its average volume of 126,293. AutoZone, Inc. has a 52-week low of $2,728.97 and a 52-week high of $3,704.43. The stock has a market cap of $60.51 billion, a P/E ratio of 24.09, a P/E/G ratio of 1.86 and a beta of 0.71. The firm's 50 day moving average is $3,433.28 and its 200 day moving average is $3,257.92.

AutoZone (NYSE:AZO - Get Free Report) last posted 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 firm had revenue of $3.95 billion for the quarter, compared to analysts' expectations of $3.98 billion. Equities research analysts expect that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Insider Activity

In other news, SVP Bailey L. Childress sold 160 shares of the stock in a transaction dated 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 $177,500. This trade represents a 76.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Richard Craig Smith sold 2,850 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $3,610.00, for a total transaction of $10,288,500.00. Following the sale, the vice president now directly owns 2,924 shares in the company, valued at approximately $10,555,640. This represents a 49.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,721 shares of company stock valued at $17,009,311 in the last three months. 2.10% of the stock is currently owned by company insiders.

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.