Sandy Spring Bank Has $1.49 Million Stock Holdings in AutoZone, Inc. (NYSE:AZO)

Sandy Spring Bank grew its stake in AutoZone, Inc. (NYSE:AZO - Free Report) by 6,528.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 464 shares of the company's stock after purchasing an additional 457 shares during the quarter. Sandy Spring Bank's holdings in AutoZone were worth $1,486,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Flagship Wealth Advisors LLC acquired a new position in AutoZone during the fourth quarter valued at approximately $32,000. Harbour Investments Inc. grew 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 valued at $32,000 after buying an additional 3 shares during the period. Darwin Wealth Management LLC bought a new stake in shares of AutoZone in the 3rd quarter valued at $47,000. Crews Bank & Trust acquired a new stake in AutoZone during the 4th quarter worth $61,000. Finally, McIlrath & Eck LLC raised its stake in AutoZone by 25.0% during the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company's stock worth $63,000 after buying an additional 4 shares during the period. 92.74% of the stock is currently owned by institutional investors.

Insider Buying and Selling at AutoZone

In other AutoZone news, SVP Bailey L. Childress sold 160 shares of the company's stock in a transaction 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 transaction, 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Richard Craig Smith sold 2,850 shares of AutoZone stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $3,610.00, for a total value of $10,288,500.00. Following the sale, the vice president now directly owns 2,924 shares of the company's stock, valued at $10,555,640. This represents a 49.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,721 shares of company stock valued at $17,009,311 in the last three months. 2.10% of the stock is currently owned by company insiders.

Remove Ads

Analysts Set New Price Targets

Several equities analysts recently issued reports on AZO shares. UBS Group boosted their price objective on AutoZone from $3,875.00 to $4,025.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Wells Fargo & Company boosted their price objective on shares of AutoZone from $3,750.00 to $3,850.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. Roth Mkm increased their target price on AutoZone from $3,634.00 to $3,763.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Barclays boosted their price target on AutoZone from $3,024.00 to $3,585.00 and gave the company an "overweight" rating in a report on Thursday, January 9th. Finally, TD Cowen increased their price objective on AutoZone from $3,450.00 to $3,800.00 and gave the stock a "buy" rating in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, AutoZone currently has a consensus rating of "Moderate Buy" and a consensus price target of $3,683.36.

AutoZone Stock Up 0.5 %

Shares of AZO stock traded up $17.67 during trading on Tuesday, reaching $3,675.49. 135,248 shares of the company's stock were exchanged, compared to its average volume of 126,328. AutoZone, Inc. has a twelve month low of $2,728.97 and a twelve month high of $3,704.43. The firm's fifty day moving average price is $3,441.73 and its 200-day moving average price is $3,263.12. The stock has a market capitalization of $61.68 billion, a PE ratio of 24.56, a PEG ratio of 1.86 and a beta of 0.71.

AutoZone (NYSE:AZO - Get Free Report) last issued 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). The company 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%. As a group, analysts anticipate 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.