AutoZone, Inc. (NYSE:AZO) Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd lessened its holdings in AutoZone, Inc. (NYSE:AZO - Free Report) by 34.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,229 shares of the company's stock after selling 640 shares during the period. UniSuper Management Pty Ltd's holdings in AutoZone were worth $3,935,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Franklin Resources Inc. increased its position in AutoZone by 18.1% during the 3rd quarter. Franklin Resources Inc. now owns 44,946 shares of the company's stock valued at $141,717,000 after buying an additional 6,898 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of AutoZone by 29.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 34,808 shares of the company's stock worth $111,455,000 after buying an additional 7,922 shares during the period. Silverleafe Capital Partners LLC increased its position in shares of AutoZone by 1.0% in the 4th quarter. Silverleafe Capital Partners LLC now owns 2,642 shares of the company's stock valued at $8,460,000 after acquiring an additional 26 shares during the period. Pensionfund Sabic increased its holdings in shares of AutoZone by 51.3% in the fourth quarter. Pensionfund Sabic now owns 590 shares of the company's stock valued at $1,889,000 after purchasing an additional 200 shares during the period. Finally, Fisher Asset Management LLC purchased a new position in shares of AutoZone in the fourth quarter worth about $228,000. 92.74% of the stock is owned by hedge funds and other institutional investors.

AutoZone Price Performance

AZO traded down $5.57 during trading hours on Wednesday, reaching $3,807.70. The company's stock had a trading volume of 33,894 shares, compared to its average volume of 130,657. The business's 50-day moving average is $3,506.05 and its 200-day moving average is $3,290.64. The stock has a market cap of $63.90 billion, a PE ratio of 25.45, a P/E/G ratio of 1.86 and a beta of 0.71. AutoZone, Inc. has a fifty-two week low of $2,728.97 and a fifty-two week high of $3,842.82.

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

Insiders Place Their Bets

In related news, CEO Philip B. Daniele sold 2,000 shares of the business'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 completion of the sale, the chief executive officer now owns 163 shares in the company, valued at $619,401.63. The trade was a 92.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Bailey L. Childress sold 160 shares of the stock in a transaction 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 transaction, the senior vice president now directly owns 50 shares in the company, valued at $177,500. This trade represents a 76.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,721 shares of company stock worth $24,609,331 over the last three months. Company insiders own 2.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. BMO Capital Markets lifted their price objective on shares of AutoZone from $3,700.00 to $3,850.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Roth Capital set a $3,763.00 price target on AutoZone in a research report on Wednesday, March 5th. Truist Financial upped their target price 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. Bank of America lifted their price target 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. Finally, JPMorgan Chase & Co. upped their price objective on AutoZone from $3,775.00 to $3,830.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 5th. Five research analysts have rated the stock with a hold rating, sixteen have given a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $3,724.00.

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.