70 Shares in AutoZone, Inc. (NYSE:AZO) Acquired by Optivise Advisory Services LLC

Optivise Advisory Services LLC bought a new position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 70 shares of the company's stock, valued at approximately $223,000.

Other hedge funds have also modified their holdings of the company. Headlands Technologies LLC acquired a new position in AutoZone during the fourth quarter worth $29,000. Flagship Wealth Advisors LLC acquired a new position in shares of AutoZone during the 4th quarter worth $32,000. Harbour Investments Inc. raised its stake in shares of AutoZone by 42.9% during 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 in the 4th quarter worth about $61,000. Finally, McIlrath & Eck LLC grew its stake in AutoZone by 25.0% in 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 last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AZO shares. Truist Financial upped their price target on shares of AutoZone from $3,753.00 to $3,841.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Roth Mkm increased their target price on AutoZone from $3,634.00 to $3,763.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Evercore ISI boosted their price target on AutoZone from $3,525.00 to $3,700.00 and gave the stock an "outperform" rating in a report on Wednesday, March 5th. Raymond James reaffirmed a "strong-buy" rating on shares of AutoZone in a research note on Wednesday, March 5th. Finally, DA Davidson raised 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 research note on Friday, March 21st. Five investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat, AutoZone has a consensus rating of "Moderate Buy" and a consensus price target of $3,724.00.

AutoZone Stock Down 1.4 %

AZO stock traded down $50.35 during trading on Thursday, hitting $3,601.76. 122,383 shares of the company's stock traded hands, compared to its average volume of 132,551. The stock has a market capitalization of $60.44 billion, a price-to-earnings ratio of 24.06, a price-to-earnings-growth ratio of 1.86 and a beta of 0.54. AutoZone, Inc. has a 52 week low of $2,728.97 and a 52 week high of $3,916.81. The stock has a fifty day moving average price of $3,584.12 and a two-hundred day moving average price of $3,351.86.

AutoZone (NYSE:AZO - Get Free Report) last released its quarterly earnings data 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). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.98 billion. As a group, equities research analysts expect that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Philip B. Daniele sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $3,800.01, for a total transaction of $7,600,020.00. Following the completion of the transaction, the chief executive officer now directly owns 163 shares in the company, valued at approximately $619,401.63. The trade was a 92.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through 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 shares were sold at an average price of $3,550.00, for a total value of $568,000.00. Following the completion of the sale, the senior vice president now owns 50 shares in the company, valued at approximately $177,500. This represents a 76.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,521 shares of company stock worth $42,177,331. Insiders own 2.10% of the company's stock.

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.