507 Shares in AutoZone, Inc. (NYSE:AZO) Purchased by Stenger Family Office LLC

Stenger Family Office LLC acquired a new stake in AutoZone, Inc. (NYSE:AZO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 507 shares of the company's stock, valued at approximately $1,623,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Headlands Technologies LLC bought a new stake in shares of AutoZone in the fourth quarter valued at about $29,000. Flagship Wealth Advisors LLC bought a new position in shares of AutoZone during the fourth quarter worth approximately $32,000. Harbour Investments Inc. raised its position in shares of AutoZone by 42.9% in the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company's stock valued at $32,000 after buying an additional 3 shares in the last quarter. Crews Bank & Trust acquired a new stake in shares of AutoZone during the 4th quarter worth $61,000. Finally, McIlrath & Eck LLC boosted its position in shares of AutoZone by 25.0% during the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company's stock worth $63,000 after acquiring an additional 4 shares in the last quarter. 92.74% of the stock is owned by institutional investors.

AutoZone Price Performance

Shares of NYSE:AZO traded down $53.70 during trading on Monday, reaching $3,549.77. 36,499 shares of the stock were exchanged, compared to its average volume of 132,294. The stock has a fifty day moving average of $3,573.52 and a two-hundred day moving average of $3,343.71. AutoZone, Inc. has a 1-year low of $2,728.97 and a 1-year high of $3,916.81. The firm has a market cap of $59.57 billion, a price-to-earnings ratio of 23.72, a price-to-earnings-growth ratio of 1.86 and a beta of 0.54.

AutoZone (NYSE:AZO - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share (EPS) 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 company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.98 billion. Sell-side analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current year.

Insider Transactions at AutoZone

In related news, VP Richard Craig Smith sold 2,850 shares of AutoZone 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 completion of the sale, the vice president now 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Bailey L. Childress sold 160 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the transaction, the senior vice president now 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. Insiders have sold 6,721 shares of company stock worth $24,609,331 in the last 90 days. Insiders own 2.10% of the company's stock.

Analyst Upgrades and Downgrades

AZO has been the subject of several recent analyst reports. Morgan Stanley raised their target price on AutoZone from $3,490.00 to $3,750.00 and gave the company an "overweight" rating in a report on Wednesday, March 5th. Barclays increased their target price on shares of AutoZone from $3,024.00 to $3,585.00 and gave the stock an "overweight" rating in a report on Thursday, January 9th. Roth Capital set a $3,763.00 target price on shares of AutoZone in a research report on Wednesday, March 5th. Wedbush reiterated an "outperform" rating and issued a $3,700.00 price target on shares of AutoZone in a research note on Wednesday, March 5th. Finally, Bank of America increased their target price on AutoZone from $3,600.00 to $3,700.00 and gave the company a "neutral" rating in a research report on Wednesday, March 5th. Five analysts have rated the stock with a hold rating, sixteen have issued a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $3,724.00.

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.