Lbp Am Sa Makes New $1.45 Million Investment in AutoZone, Inc. (NYSE:AZO)

LBP AM SA purchased a new stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 453 shares of the company's stock, valued at approximately $1,451,000.

Other institutional investors also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC bought a new position in AutoZone during the third quarter valued at about $47,000. Crews Bank & Trust bought a new position in AutoZone during the fourth quarter worth about $61,000. McIlrath & Eck LLC boosted its position in AutoZone by 25.0% during the third quarter. McIlrath & Eck LLC now owns 20 shares of the company's stock worth $63,000 after purchasing an additional 4 shares during the period. Whipplewood Advisors LLC bought a new position in AutoZone during the fourth quarter worth about $67,000. Finally, Providence First Trust Co bought a new position in AutoZone during the fourth quarter worth about $80,000. Institutional investors own 92.74% of the company's stock.

AutoZone Stock Down 0.6 %

Shares of AutoZone stock traded down $21.65 on Thursday, hitting $3,569.96. The stock had a trading volume of 81,267 shares, compared to its average volume of 119,529. AutoZone, Inc. has a one year low of $2,728.97 and a one year high of $3,704.43. The stock has a market cap of $59.91 billion, a price-to-earnings ratio of 23.85, a PEG ratio of 1.86 and a beta of 0.71. The stock's 50-day simple moving average is $3,420.93 and its two-hundred day simple moving average is $3,252.77.

AutoZone (NYSE:AZO - Get Free Report) last issued its 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 during the quarter, compared to the consensus estimate of $3.98 billion. As a group, equities analysts predict that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

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Analysts Set New Price Targets

A number of equities analysts have weighed in on AZO shares. Truist Financial increased their target price 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. Guggenheim increased their target price on shares of AutoZone from $3,750.00 to $3,850.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. 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. Roth Capital set a $3,763.00 price target on shares of AutoZone in a report on Wednesday, March 5th. Finally, Argus downgraded shares of AutoZone from a "buy" rating to a "hold" rating in a report on Wednesday, March 5th. One 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $3,651.91.

Insider Transactions at AutoZone

In other AutoZone news, SVP Bailey L. Childress sold 160 shares of the firm's stock in a transaction 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 transaction, the senior vice president now owns 50 shares of the company's stock, valued at approximately $177,500. This trade represents a 76.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Dennis W. Leriche sold 1,575 shares of the firm's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $3,600.00, for a total value of $5,670,000.00. Following the transaction, the vice president now directly owns 417 shares of the company's stock, valued at $1,501,200. This represents a 79.07 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,871 shares of company stock worth $6,720,811. Insiders own 2.10% of the company's stock.

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.