National Bank of Canada FI Has $45.20 Million Stock Holdings in AutoZone, Inc. (NYSE:AZO)

National Bank of Canada FI reduced its position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,116 shares of the company's stock after selling 668 shares during the period. National Bank of Canada FI owned about 0.08% of AutoZone worth $45,202,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AZO. Geode Capital Management LLC lifted its holdings in AutoZone by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 421,716 shares of the company's stock worth $1,326,545,000 after buying an additional 7,365 shares in the last quarter. Proficio Capital Partners LLC grew its position in shares of AutoZone by 482,040.2% during the 4th quarter. Proficio Capital Partners LLC now owns 419,462 shares of the company's stock valued at $1,343,117,000 after buying an additional 419,375 shares during the last quarter. Norges Bank bought a new position in AutoZone in the fourth quarter worth about $834,556,000. PineStone Asset Management Inc. boosted its holdings in shares of AutoZone by 6.9% in the fourth quarter. PineStone Asset Management Inc. now owns 213,575 shares of the company's stock valued at $683,867,000 after acquiring an additional 13,771 shares in the last quarter. Finally, Marshfield Associates lifted its stake in AutoZone by 0.5% during the third quarter. Marshfield Associates now owns 169,586 shares of the company's stock valued at $534,204,000 after purchasing an additional 796 shares during the last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wells Fargo & Company boosted their price target on AutoZone from $3,750.00 to $3,850.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. UBS Group lifted 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 note on Wednesday, March 5th. TD Cowen upped their price target on AutoZone from $3,450.00 to $3,800.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. The Goldman Sachs Group upgraded AutoZone from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $3,044.00 to $3,811.00 in a report on Tuesday, April 1st. Finally, JPMorgan Chase & Co. increased their price target on AutoZone from $3,775.00 to $3,830.00 and gave the company an "overweight" rating in a report on Wednesday, March 5th. Five research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, AutoZone currently has a consensus rating of "Moderate Buy" and a consensus price target of $3,724.00.

AutoZone Price Performance

Shares of AZO traded down $191.79 on Monday, hitting $3,461.45. The company's stock had a trading volume of 171,134 shares, compared to its average volume of 130,240. The company has a 50 day moving average price of $3,531.36 and a 200 day moving average price of $3,304.99. AutoZone, Inc. has a fifty-two week low of $2,728.97 and a fifty-two week high of $3,916.81. The company has a market capitalization of $58.09 billion, a PE ratio of 23.05, a PEG ratio of 1.86 and a beta of 0.54.

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

Insider Activity

In other news, VP Dennis W. Leriche sold 1,575 shares of AutoZone stock in a transaction on 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 directly owns 417 shares of the company's stock, valued at $1,501,200. This trade represents a 79.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Bailey L. Childress sold 160 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were 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 owns 50 shares of the company's stock, valued at approximately $177,500. This represents a 76.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,721 shares of company stock valued at $24,609,331. 2.10% of the stock is currently owned by insiders.

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.