LSV Asset Management Decreases Holdings in AutoZone, Inc. (NYSE:AZO)

LSV Asset Management decreased its position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 57.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,342 shares of the company's stock after selling 1,820 shares during the period. LSV Asset Management's holdings in AutoZone were worth $4,297,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Headlands Technologies LLC acquired a new position in shares of AutoZone during the 4th quarter worth approximately $29,000. Flagship Wealth Advisors LLC acquired a new stake in AutoZone during the fourth quarter worth approximately $32,000. Harbour Investments Inc. increased its stake in AutoZone by 42.9% during the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company's stock worth $32,000 after acquiring an additional 3 shares during the period. Crews Bank & Trust acquired a new position in AutoZone in the 4th quarter valued at $61,000. Finally, McIlrath & Eck LLC lifted its position in shares of AutoZone by 25.0% during the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company's stock valued at $63,000 after acquiring an additional 4 shares during the period. Institutional investors own 92.74% of the company's stock.

Insider Buying and Selling at AutoZone

In related news, VP Richard Craig Smith sold 2,850 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $3,610.00, for a total value of $10,288,500.00. Following the completion of the sale, the vice president now directly owns 2,924 shares of the company's stock, valued at approximately $10,555,640. This represents a 49.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Dennis W. Leriche sold 1,575 shares of AutoZone stock in a transaction on Friday, March 7th. The stock was 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 directly owns 417 shares in the company, valued at $1,501,200. This represents a 79.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,721 shares of company stock valued at $24,609,331. Corporate insiders own 2.10% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on AZO. Barclays boosted their price target on AutoZone from $3,024.00 to $3,585.00 and gave the company an "overweight" rating in a research note on Thursday, January 9th. Morgan Stanley boosted their target price on shares of AutoZone from $3,490.00 to $3,750.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. Evercore ISI increased their price target on shares of AutoZone from $3,525.00 to $3,700.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 5th. UBS Group boosted their price objective on shares of AutoZone from $3,875.00 to $4,025.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Finally, Truist Financial raised their target price on AutoZone from $3,753.00 to $3,841.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Five equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $3,724.00.

AutoZone Trading Up 1.0 %

AZO stock traded up $34.43 during trading on Friday, reaching $3,601.29. 84,319 shares of the stock were exchanged, compared to its average volume of 132,601. The firm's 50 day moving average is $3,573.52 and its 200 day moving average is $3,340.04. The firm 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 twelve month low of $2,728.97 and a twelve month high of $3,916.81.

AutoZone (NYSE:AZO - Get Free Report) last issued its 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). 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 analyst estimates of $3.98 billion. As a group, analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

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.