AutoZone, Inc. (NYSE:AZO) Shares Acquired by NewEdge Advisors LLC

NewEdge Advisors LLC lifted its stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 10.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,202 shares of the company's stock after purchasing an additional 118 shares during the quarter. NewEdge Advisors LLC's holdings in AutoZone were worth $3,850,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in shares of AutoZone in the fourth quarter worth approximately $29,000. Flagship Wealth Advisors LLC purchased a new position in AutoZone in the 4th quarter worth approximately $32,000. Harbour Investments Inc. increased its holdings in shares of 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 purchased a new stake in shares of AutoZone during the 4th quarter valued at $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 last quarter. Institutional investors own 92.74% of the company's stock.

Insider Buying and Selling

In other news, SVP K. Michelle Borninkhof sold 136 shares of AutoZone stock in a transaction dated 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 sale, the senior vice president now directly owns 403 shares of the company's stock, valued at approximately $1,430,682.24. The trade was a 25.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Bailey L. Childress sold 160 shares of AutoZone 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 directly owns 50 shares of the company's stock, valued at $177,500. The trade was a 76.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,521 shares of company stock valued at $42,177,331 over the last 90 days. Company insiders own 2.10% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on AutoZone from $3,775.00 to $3,830.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 5th. Evercore ISI upped their price objective on shares of AutoZone from $3,525.00 to $3,700.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Wells Fargo & Company lifted their target price on shares of AutoZone from $3,750.00 to $3,850.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 5th. The Goldman Sachs Group raised AutoZone from a "sell" rating to a "neutral" rating and raised their price objective for the company from $3,044.00 to $3,811.00 in a research note on Tuesday, April 1st. Finally, Mizuho increased their target price on AutoZone from $3,600.00 to $3,740.00 and gave the company an "outperform" rating in a report on Wednesday, March 5th. Five research analysts have rated the stock with a hold rating, sixteen have given a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $3,724.00.

AutoZone Stock Performance

Shares of AZO traded down $4.13 during trading hours on Friday, hitting $3,605.52. The company had a trading volume of 75,377 shares, compared to its average volume of 132,435. The stock has a market capitalization of $60.51 billion, a price-to-earnings ratio of 24.12, a P/E/G ratio of 1.86 and a beta of 0.54. The firm has a fifty day moving average price of $3,586.91 and a 200-day moving average price of $3,355.64. AutoZone, Inc. has a 52-week low of $2,728.97 and a 52-week high of $3,916.81.

AutoZone (NYSE:AZO - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share for the quarter, missing the consensus estimate of $29.11 by ($0.82). The firm had revenue of $3.95 billion for 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%. Research analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

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.