Sei Investments Co. Boosts Position in AutoZone, Inc. (NYSE:AZO)

Sei Investments Co. boosted its position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 2.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,755 shares of the company's stock after acquiring an additional 551 shares during the quarter. Sei Investments Co. owned 0.13% of AutoZone worth $69,655,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AZO. Plancorp LLC lifted its holdings in AutoZone by 4.2% during the 4th quarter. Plancorp LLC now owns 150 shares of the company's stock worth $480,000 after buying an additional 6 shares during the last quarter. Runnymede Capital Advisors Inc. purchased a new stake in AutoZone during the fourth quarter worth approximately $141,000. Mizuho Securities USA LLC boosted its holdings in AutoZone by 44.6% in the fourth quarter. Mizuho Securities USA LLC now owns 1,602 shares of the company's stock valued at $5,130,000 after purchasing an additional 494 shares in the last quarter. Whittier Trust Co. boosted its holdings in AutoZone by 171.1% in the fourth quarter. Whittier Trust Co. now owns 122 shares of the company's stock valued at $391,000 after purchasing an additional 77 shares in the last quarter. Finally, Condor Capital Management increased its stake in AutoZone by 0.9% in the fourth quarter. Condor Capital Management now owns 887 shares of the company's stock valued at $2,840,000 after purchasing an additional 8 shares during the last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at AutoZone

In other AutoZone news, VP Richard Craig Smith sold 2,850 shares of the firm's stock in a transaction dated 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 approximately $10,555,640. This trade represents a 49.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP K. Michelle Borninkhof sold 136 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were 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 approximately $1,430,682.24. The trade was a 25.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,721 shares of company stock worth $17,009,311. Corporate insiders own 2.10% of the company's stock.

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AutoZone Stock Up 0.4 %

Shares of AZO traded up $14.89 during mid-day trading on Tuesday, reaching $3,672.71. 82,093 shares of the company's stock were exchanged, compared to its average volume of 126,328. AutoZone, Inc. has a 52-week low of $2,728.97 and a 52-week high of $3,704.43. The company has a market cap of $61.64 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 1.86 and a beta of 0.71. The company has a 50-day simple moving average of $3,441.73 and a two-hundred day simple moving average of $3,263.12.

AutoZone (NYSE:AZO - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share for the quarter, missing analysts' consensus estimates of $29.11 by ($0.82). The company had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.98 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. As a group, equities research analysts predict that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AZO. Evercore ISI upped their target price on shares of AutoZone from $3,525.00 to $3,700.00 and gave the company an "outperform" rating in a report on Wednesday, March 5th. Truist Financial upped 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 note on Wednesday, March 5th. Barclays lifted their target price on AutoZone from $3,024.00 to $3,585.00 and gave the stock an "overweight" rating in a research report on Thursday, January 9th. Roth Mkm upped their target price on AutoZone from $3,634.00 to $3,763.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Finally, DA Davidson raised AutoZone from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $3,500.00 to $4,192.00 in a research report on Friday. One analyst has rated the stock with a sell rating, four have assigned a hold rating, sixteen have given a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $3,683.36.

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.