AutoZone, Inc. (NYSE:AZO) Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 22.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 107,858 shares of the company's stock after selling 31,451 shares during the period. Legal & General Group Plc owned 0.64% of AutoZone worth $345,361,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Headlands Technologies LLC purchased a new position in shares of AutoZone during the 4th quarter worth $29,000. Flagship Wealth Advisors LLC acquired a new stake in AutoZone in the 4th quarter worth about $32,000. Harbour Investments Inc. boosted its stake in AutoZone by 42.9% in the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company's stock worth $32,000 after buying an additional 3 shares during the last quarter. Crews Bank & Trust acquired a new position in shares of AutoZone during the 4th quarter valued at about $61,000. Finally, McIlrath & Eck LLC lifted its holdings in shares of 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 during the period. Institutional investors and hedge funds own 92.74% of the company's stock.

AutoZone Trading Up 1.1 %

NYSE AZO traded up $40.85 during mid-day trading on Friday, reaching $3,656.09. 144,421 shares of the company's stock traded hands, compared to its average volume of 133,434. AutoZone, Inc. has a 1-year low of $2,728.97 and a 1-year high of $3,916.81. The company has a fifty day simple moving average of $3,556.50 and a 200-day simple moving average of $3,325.86. The company has a market cap of $61.36 billion, a price-to-earnings ratio of 24.43, a P/E/G ratio of 1.86 and a beta of 0.54.

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AutoZone (NYSE:AZO - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share 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 analyst estimates of $3.98 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. Equities research analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Insider Transactions at AutoZone

In other news, SVP K. Michelle Borninkhof sold 136 shares of AutoZone stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $3,550.08, for a total value of $482,810.88. Following the completion of the transaction, the senior vice president now owns 403 shares in the company, valued at approximately $1,430,682.24. This trade represents a 25.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Philip B. Daniele sold 2,000 shares of the company's 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 sale, the chief executive officer now directly owns 163 shares in the company, valued at approximately $619,401.63. This represents a 92.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,721 shares of company stock valued at $24,609,331. Insiders own 2.10% of the company's stock.

Analyst Ratings Changes

AZO has been the subject of a number of recent analyst reports. DA Davidson upgraded shares of AutoZone from a "neutral" rating to a "buy" rating and boosted their target price for the company from $3,500.00 to $4,192.00 in a report on Friday, March 21st. 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 report on Wednesday, March 5th. Roth Capital set a $3,763.00 target price on AutoZone in a research report on Wednesday, March 5th. Argus downgraded AutoZone from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Finally, Barclays raised their price objective on AutoZone from $3,024.00 to $3,585.00 and gave the stock an "overweight" rating in a report on Thursday, January 9th. Five 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. According to MarketBeat.com, AutoZone currently has an average rating of "Moderate Buy" and an average target price of $3,724.00.

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.