Susquehanna Fundamental Investments LLC Buys New Shares in AutoZone, Inc. (NYSE:AZO)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 6,493 shares of the company's stock, valued at approximately $20,791,000.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AZO shares. BMO Capital Markets increased their price objective on AutoZone from $3,700.00 to $3,850.00 and gave the company an "outperform" rating in a research report on Wednesday, March 5th. Morgan Stanley upped 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. Truist Financial lifted their price target on AutoZone from $3,753.00 to $3,841.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Guggenheim raised their target price on shares of AutoZone from $3,750.00 to $3,850.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Finally, Mizuho boosted their price target on shares of AutoZone from $3,600.00 to $3,740.00 and gave the company an "outperform" rating in a report on Wednesday, March 5th. Four investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $3,724.00.

Insiders Place Their Bets

In other news, SVP Bailey L. Childress sold 160 shares of the firm'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 sale, the senior vice president now directly owns 50 shares of the company's stock, valued at approximately $177,500. This trade represents a 76.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Domingo Hurtado sold 4,800 shares of the business'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 transaction, the vice president now directly owns 159 shares of the company's stock, valued at $581,940. This represents a 96.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,521 shares of company stock valued at $42,177,331 over the last 90 days. 2.10% of the stock is currently owned by company insiders.

AutoZone Stock Up 2.4 %

AZO stock traded up $86.44 during trading hours on Tuesday, hitting $3,704.35. The company's stock had a trading volume of 111,338 shares, compared to its average volume of 131,810. The company has a market capitalization of $62.17 billion, a PE ratio of 24.75, a price-to-earnings-growth ratio of 1.86 and a beta of 0.54. The stock has a 50 day moving average price of $3,595.74 and a two-hundred day moving average price of $3,365.80. AutoZone, Inc. has a 12 month low of $2,728.97 and a 12 month high of $3,916.81.

AutoZone (NYSE:AZO - Get Free Report) last posted its earnings results 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 for 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%. Sell-side analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current 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.