AutoZone, Inc. (NYSE:AZO) Shares Acquired by Ossiam

Ossiam lifted its holdings in AutoZone, Inc. (NYSE:AZO - Free Report) by 536.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,719 shares of the company's stock after buying an additional 2,292 shares during the period. Ossiam's holdings in AutoZone were worth $8,706,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Franklin Resources Inc. increased its position in AutoZone by 18.1% during the third quarter. Franklin Resources Inc. now owns 44,946 shares of the company's stock valued at $141,717,000 after acquiring an additional 6,898 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake 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 purchasing an additional 7,922 shares during the period. Silverleafe Capital Partners LLC grew its holdings in AutoZone by 1.0% during the 4th quarter. Silverleafe Capital Partners LLC now owns 2,642 shares of the company's stock valued at $8,460,000 after purchasing an additional 26 shares during the last quarter. Barclays PLC raised its position in AutoZone by 82.6% in the 4th quarter. Barclays PLC now owns 170,216 shares of the company's stock worth $545,033,000 after purchasing an additional 77,015 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in AutoZone by 13.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 66,016 shares of the company's stock worth $211,383,000 after purchasing an additional 7,586 shares during the last quarter. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AZO. Barclays raised their price target on AutoZone from $3,024.00 to $3,585.00 and gave the stock an "overweight" rating in a research note on Thursday, January 9th. Raymond James reiterated a "strong-buy" rating on shares of AutoZone in a research report on Wednesday, March 5th. Roth Capital set a $3,763.00 price target on shares of AutoZone in a research note on Wednesday, March 5th. Truist Financial boosted their price objective on shares of AutoZone from $3,753.00 to $3,841.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Finally, UBS Group raised their target price on shares of AutoZone from $3,875.00 to $4,025.00 and gave the stock a "buy" rating in a research 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $3,724.00.

Insider Activity

In other news, SVP Bailey L. Childress sold 160 shares of the business's stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 50 shares of the company's stock, valued at $177,500. The trade was a 76.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Domingo Hurtado sold 4,800 shares of the firm's stock in a transaction dated Tuesday, April 22nd. The stock was sold at an average price of $3,660.00, for a total value of $17,568,000.00. Following the sale, the vice president now directly owns 159 shares in the company, valued at approximately $581,940. This trade represents a 96.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,521 shares of company stock valued at $42,177,331 in the last ninety days. Insiders own 2.10% of the company's stock.

AutoZone Stock Performance

AZO stock traded down $50.35 during midday trading on Thursday, reaching $3,601.76. The stock had a trading volume of 122,383 shares, compared to its average volume of 132,534. The firm has a fifty day simple moving average of $3,584.12 and a two-hundred day simple moving average of $3,351.86. The stock has a market cap of $60.44 billion, a PE ratio of 24.06, a P/E/G 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.

AutoZone (NYSE:AZO - Get Free Report) last released its earnings results on Tuesday, March 4th. The company reported $28.29 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 for the quarter, compared to analyst estimates of $3.98 billion. On average, sell-side analysts predict that AutoZone, Inc. will post 152.94 EPS 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.