AutoZone, Inc. (NYSE:AZO) Shares Acquired by Two Sigma Securities LLC

Two Sigma Securities LLC lifted its stake in AutoZone, Inc. (NYSE:AZO - Free Report) by 41.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,043 shares of the company's stock after purchasing an additional 308 shares during the quarter. AutoZone comprises about 0.4% of Two Sigma Securities LLC's portfolio, making the stock its 16th largest holding. Two Sigma Securities LLC's holdings in AutoZone were worth $3,340,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of AZO. Nebula Research & Development LLC raised its position in AutoZone by 511.9% during the 4th quarter. Nebula Research & Development LLC now owns 618 shares of the company's stock worth $1,979,000 after buying an additional 517 shares during the last quarter. Lord Abbett & CO. LLC raised its position in AutoZone by 3.4% during the 4th quarter. Lord Abbett & CO. LLC now owns 21,929 shares of the company's stock worth $70,217,000 after buying an additional 728 shares during the last quarter. Kovitz Investment Group Partners LLC raised its position in AutoZone by 27.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 7,583 shares of the company's stock worth $24,280,000 after buying an additional 1,634 shares during the last quarter. Empire Financial Management Company LLC raised its position in AutoZone by 10.9% during the 4th quarter. Empire Financial Management Company LLC now owns 438 shares of the company's stock worth $1,402,000 after buying an additional 43 shares during the last quarter. Finally, Guardian Wealth Management Inc. raised its position in AutoZone by 0.7% during the 4th quarter. Guardian Wealth Management Inc. now owns 1,885 shares of the company's stock worth $6,036,000 after buying an additional 14 shares during the last quarter. 92.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Barclays lifted their target price on shares of AutoZone from $3,024.00 to $3,585.00 and gave the company an "overweight" rating in a report on Thursday, January 9th. Truist Financial lifted their target price on shares of AutoZone from $3,753.00 to $3,841.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Mizuho lifted their target price 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. Wells Fargo & Company lifted their target price on shares of AutoZone from $3,750.00 to $3,850.00 and gave the company an "overweight" rating in a report on Wednesday, March 5th. Finally, Wedbush reaffirmed an "outperform" rating and set a $3,700.00 target price on shares of AutoZone in a report on Wednesday, March 5th. Five investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, AutoZone presently has an average rating of "Moderate Buy" and a consensus price target of $3,724.00.

AutoZone Trading Up 0.3 %

AZO traded up $10.19 on Monday, hitting $3,619.52. 87,102 shares of the company's stock were exchanged, compared to its average volume of 131,907. AutoZone, Inc. has a fifty-two week low of $2,728.97 and a fifty-two week high of $3,916.81. The firm has a 50-day moving average price of $3,591.32 and a 200-day moving average price of $3,362.38. The stock has a market cap of $60.74 billion, a price-to-earnings ratio of 24.18, a P/E/G ratio of 1.86 and a beta of 0.54.

AutoZone (NYSE:AZO - Get Free Report) last announced 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). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.98 billion. On average, equities analysts predict that AutoZone, Inc. will post 152.94 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Bailey L. Childress sold 160 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the completion of the sale, the senior vice president now owns 50 shares in the company, valued at $177,500. This trade represents a 76.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Philip B. Daniele sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $3,800.01, for a total transaction of $7,600,020.00. Following the sale, the chief executive officer now owns 163 shares of the company's stock, valued at $619,401.63. This represents a 92.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,521 shares of company stock valued at $42,177,331 over the last ninety days. Company insiders own 2.10% of the company's stock.

AutoZone Company 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.