one8zero8 LLC Makes New $263,000 Investment in AutoZone, Inc. (NYSE:AZO)

one8zero8 LLC purchased a new position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 82 shares of the company's stock, valued at approximately $263,000.

Several other institutional investors have also recently made changes to their positions in AZO. Franklin Resources Inc. increased its holdings in shares of AutoZone by 18.1% during the 3rd quarter. Franklin Resources Inc. now owns 44,946 shares of the company's stock worth $141,717,000 after acquiring an additional 6,898 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of AutoZone by 186.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company's stock worth $292,544,000 after acquiring an additional 60,483 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of AutoZone by 29.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 34,808 shares of the company's stock worth $111,455,000 after acquiring an additional 7,922 shares during the last quarter. Silverleafe Capital Partners LLC increased its holdings in shares of AutoZone by 1.0% during the 4th quarter. Silverleafe Capital Partners LLC now owns 2,642 shares of the company's stock worth $8,460,000 after acquiring an additional 26 shares during the last quarter. Finally, Pensionfund Sabic increased its holdings in shares of AutoZone by 51.3% during the 4th quarter. Pensionfund Sabic now owns 590 shares of the company's stock worth $1,889,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

AZO has been the subject of several recent research reports. TD Cowen boosted their price target on AutoZone from $3,450.00 to $3,800.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Truist Financial boosted their price target on AutoZone from $3,753.00 to $3,841.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. boosted their price target on AutoZone from $3,775.00 to $3,830.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. Wedbush restated an "outperform" rating and issued a $3,700.00 price target on shares of AutoZone in a research note on Wednesday, March 5th. Finally, BMO Capital Markets boosted their price target on AutoZone from $3,700.00 to $3,850.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat.com, AutoZone presently has a consensus rating of "Moderate Buy" and a consensus price target of $3,651.91.

AutoZone Trading Down 0.6 %

AZO traded down $21.65 on Thursday, reaching $3,569.96. The stock had a trading volume of 81,275 shares, compared to its average volume of 126,400. AutoZone, Inc. has a fifty-two week low of $2,728.97 and a fifty-two week high of $3,704.43. The firm has a 50-day moving average of $3,420.93 and a 200-day moving average of $3,252.77. The company has a market capitalization of $59.91 billion, a price-to-earnings ratio of 23.85, a price-to-earnings-growth ratio of 1.86 and a beta of 0.71.

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 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 during the quarter, compared to analyst estimates of $3.98 billion. Sell-side analysts anticipate that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Insider Activity

In related news, SVP K. Michelle Borninkhof sold 136 shares of the firm's 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 transaction of $482,810.88. Following the completion of the sale, the senior vice president now owns 403 shares of the company's stock, valued at $1,430,682.24. This trade represents a 25.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Bailey L. Childress sold 160 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total value of $568,000.00. Following the sale, the senior vice president now directly owns 50 shares of the company's stock, valued at $177,500. This represents a 76.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,871 shares of company stock valued at $6,720,811. Company insiders own 2.10% of the company's stock.

About AutoZone

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.