Crux Wealth Advisors Invests $231,000 in AutoZone, Inc. (NYSE:AZO)

Crux Wealth Advisors bought a new stake in AutoZone, Inc. (NYSE:AZO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 72 shares of the company's stock, valued at approximately $231,000.

A number of other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC increased its stake in AutoZone by 482,040.2% during the 4th quarter. Proficio Capital Partners LLC now owns 419,462 shares of the company's stock worth $1,343,117,000 after buying an additional 419,375 shares during the period. Norges Bank acquired a new stake in shares of AutoZone in the fourth quarter valued at $834,556,000. Strategic Financial Concepts LLC acquired a new position in AutoZone during the 4th quarter worth $471,629,000. Wealthfront Advisers LLC increased its holdings in AutoZone by 6,083.9% during the 4th quarter. Wealthfront Advisers LLC now owns 90,656 shares of the company's stock worth $290,281,000 after purchasing an additional 89,190 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in AutoZone in the 4th quarter valued at about $189,483,000. 92.74% of the stock is owned by institutional investors and hedge funds.

AutoZone Price Performance

Shares of AZO stock traded up $34.43 during trading hours on Friday, reaching $3,601.29. 84,319 shares of the company's stock were exchanged, compared to its average volume of 132,599. The company's 50 day moving average is $3,570.47 and its two-hundred day moving average is $3,337.09. The company has a market cap of $60.44 billion, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 1.86 and a beta of 0.54. AutoZone, Inc. has a 1 year low of $2,728.97 and a 1 year high of $3,916.81.

AutoZone (NYSE:AZO - Get Free Report) last released its earnings results on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing analysts' consensus estimates of $29.11 by ($0.82). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The business had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.98 billion. As a group, analysts predict that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Insider Activity at AutoZone

In related 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 sale, the senior vice president now directly owns 50 shares of the company's stock, valued at approximately $177,500. This represents a 76.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP K. Michelle Borninkhof sold 136 shares of AutoZone stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $3,550.08, for a total transaction of $482,810.88. Following the transaction, the senior vice president now owns 403 shares of the company's stock, valued at approximately $1,430,682.24. The trade was a 25.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,721 shares of company stock worth $24,609,331 over the last 90 days. Company insiders own 2.10% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Mizuho raised their target price on shares of AutoZone from $3,600.00 to $3,740.00 and gave the company an "outperform" rating in a report on Wednesday, March 5th. Roth Mkm increased their target price on AutoZone from $3,634.00 to $3,763.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. UBS Group upped their price objective on AutoZone from $3,875.00 to $4,025.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Guggenheim boosted their target price on AutoZone from $3,750.00 to $3,850.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. 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 report on Wednesday, March 5th. Five investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $3,724.00.

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.