Landscape Capital Management L.L.C. Makes New $2.88 Million Investment in AutoZone, Inc. (NYSE:AZO)

Landscape Capital Management L.L.C. purchased a new stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 899 shares of the company's stock, valued at approximately $2,879,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Pittenger & Anderson Inc. boosted its holdings in shares of AutoZone by 5.2% in the fourth quarter. Pittenger & Anderson Inc. now owns 61 shares of the company's stock worth $195,000 after buying an additional 3 shares during the last quarter. Sound View Wealth Advisors Group LLC raised its position in AutoZone by 2.0% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 152 shares of the company's stock worth $487,000 after acquiring an additional 3 shares during the period. PDS Planning Inc boosted its stake in shares of AutoZone by 2.3% during the 4th quarter. PDS Planning Inc now owns 132 shares of the company's stock worth $423,000 after acquiring an additional 3 shares during the last quarter. Harbour Investments Inc. grew its position in shares of AutoZone by 42.9% during the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company's stock valued at $32,000 after acquiring an additional 3 shares during the period. Finally, Meeder Advisory Services Inc. increased its stake in shares of AutoZone by 0.8% in the 4th quarter. Meeder Advisory Services Inc. now owns 371 shares of the company's stock worth $1,188,000 after purchasing an additional 3 shares in the last quarter. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Insider Buying and Selling at AutoZone

In other AutoZone news, VP Dennis W. Leriche sold 1,575 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were 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 owns 417 shares of the company's stock, valued at approximately $1,501,200. This trade represents a 79.07 % decrease in their position. The transaction 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 company'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 completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 6,721 shares of company stock valued at $24,609,331 in the last ninety days. Corporate insiders own 2.10% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Evercore ISI boosted their price target on AutoZone from $3,525.00 to $3,700.00 and gave the company an "outperform" rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. boosted their price objective on AutoZone from $3,775.00 to $3,830.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. Wedbush restated an "outperform" rating and set a $3,700.00 target price on shares of AutoZone in a research note on Wednesday, March 5th. Truist Financial upped their price target 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. Finally, Guggenheim raised their price objective on shares of AutoZone from $3,750.00 to $3,850.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Five analysts have rated the stock with a hold rating, sixteen have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $3,724.00.

AutoZone Stock Down 0.5 %

AZO stock traded down $18.49 during trading on Wednesday, hitting $3,480.59. The company had a trading volume of 45,863 shares, compared to its average volume of 132,535. AutoZone, Inc. has a 52-week low of $2,728.97 and a 52-week high of $3,916.81. The company has a 50 day simple moving average of $3,540.75 and a 200-day simple moving average of $3,312.81. The firm has a market capitalization of $58.41 billion, a P/E ratio of 23.28, a PEG ratio of 1.86 and a beta of 0.54.

AutoZone (NYSE:AZO - Get Free Report) last issued 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). The company had revenue of $3.95 billion for the quarter, compared to analysts' expectations of $3.98 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. Sell-side analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current year.

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.