Swiss National Bank Sells 2,500 Shares of AutoZone, Inc. (NYSE:AZO)

Swiss National Bank trimmed its stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,200 shares of the company's stock after selling 2,500 shares during the quarter. Swiss National Bank owned 0.29% of AutoZone worth $154,336,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of AZO. Darwin Wealth Management LLC acquired a new stake in AutoZone in the 3rd quarter valued at $47,000. Crews Bank & Trust acquired a new position in AutoZone during the fourth quarter worth $61,000. McIlrath & Eck LLC lifted its holdings in shares of AutoZone by 25.0% during the third quarter. McIlrath & Eck LLC now owns 20 shares of the company's stock valued at $63,000 after acquiring an additional 4 shares during the period. Whipplewood Advisors LLC acquired a new stake in shares of AutoZone in the 4th quarter valued at $67,000. Finally, Providence First Trust Co bought a new stake in shares of AutoZone in the 4th quarter worth about $80,000. 92.74% of the stock is currently owned by institutional investors.

Insider Activity at AutoZone

In related news, SVP K. Michelle Borninkhof sold 136 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $3,550.08, for a total transaction of $482,810.88. Following the sale, the senior vice president now owns 403 shares of the company's stock, valued at approximately $1,430,682.24. This trade represents a 25.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Bailey L. Childress sold 160 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were 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 directly owns 50 shares of the company's stock, valued at approximately $177,500. The trade was a 76.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,871 shares of company stock worth $6,720,811. 2.10% of the stock is currently owned by company insiders.

AutoZone Stock Down 0.2 %

AZO stock opened at $3,538.59 on Friday. The business's fifty day moving average is $3,395.79 and its 200-day moving average is $3,240.97. The company has a market cap of $59.38 billion, a P/E ratio of 23.64, a price-to-earnings-growth ratio of 1.86 and a beta of 0.71. AutoZone, Inc. has a twelve month low of $2,728.97 and a twelve month high of $3,704.43.

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AutoZone (NYSE:AZO - Get Free Report) last posted its 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). The company had revenue of $3.95 billion for 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%. Research analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Roth Capital set a $3,763.00 price target on shares of AutoZone in a report on Wednesday, March 5th. Raymond James reiterated a "strong-buy" rating on shares of AutoZone in a research note on Wednesday, March 5th. BMO Capital Markets boosted their target price on AutoZone from $3,700.00 to $3,850.00 and gave the stock an "outperform" rating in a report on Wednesday, March 5th. Citigroup raised their price target on AutoZone from $3,500.00 to $3,900.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Finally, Barclays lifted their price objective on AutoZone from $3,024.00 to $3,585.00 and gave the company an "overweight" rating in a research report on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $3,651.91.

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.

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