Telemus Capital LLC Acquires 167 Shares of AutoZone, Inc. (NYSE:AZO)

Telemus Capital LLC grew its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 6.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,874 shares of the company’s stock after buying an additional 167 shares during the period. Telemus Capital LLC’s holdings in AutoZone were worth $7,431,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Rock Creek Group LP bought a new position in shares of AutoZone in the 3rd quarter worth $25,000. ORG Partners LLC bought a new position in shares of AutoZone in the 3rd quarter worth $43,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of AutoZone in the 3rd quarter worth $51,000. Turtle Creek Wealth Advisors LLC bought a new position in AutoZone during the 4th quarter valued at $54,000. Finally, Steward Financial Group LLC lifted its stake in AutoZone by 66.7% during the 3rd quarter. Steward Financial Group LLC now owns 25 shares of the company’s stock valued at $63,000 after acquiring an additional 10 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors.

AutoZone Stock Down 0.7 %

AZO stock opened at $2,963.27 on Tuesday. The firm has a market capitalization of $51.32 billion, a PE ratio of 20.87, a PEG ratio of 1.48 and a beta of 0.70. AutoZone, Inc. has a twelve month low of $2,277.88 and a twelve month high of $3,256.37. The stock has a 50-day simple moving average of $3,010.24 and a two-hundred day simple moving average of $2,764.30.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, February 27th. The company reported $28.89 earnings per share for the quarter, beating analysts’ consensus estimates of $26.08 by $2.81. The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $4.32 billion. AutoZone had a negative return on equity of 56.06% and a net margin of 14.70%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $24.64 EPS. On average, equities research analysts anticipate that AutoZone, Inc. will post 152.4 EPS for the current fiscal year.

Insider Activity

In other news, VP Eric S. Gould sold 2,100 shares of AutoZone stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $3,200.00, for a total transaction of $6,720,000.00. Following the completion of the sale, the vice president now owns 910 shares in the company, valued at approximately $2,912,000. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Chairman William C. Rhodes III sold 6,700 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $3,190.22, for a total value of $21,374,474.00. Following the completion of the sale, the chairman now owns 15,357 shares in the company, valued at approximately $48,992,208.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Eric S. Gould sold 2,100 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $3,200.00, for a total value of $6,720,000.00. Following the completion of the sale, the vice president now owns 910 shares of the company’s stock, valued at approximately $2,912,000. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,990 shares of company stock worth $50,335,193. 2.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on AZO shares. Morgan Stanley raised their price objective on AutoZone from $2,900.00 to $3,100.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. JPMorgan Chase & Co. raised their price objective on AutoZone from $3,000.00 to $3,200.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Wedbush raised their price objective on AutoZone from $2,950.00 to $3,400.00 and gave the company an “outperform” rating in a research note on Wednesday, February 28th. Mizuho assumed coverage on AutoZone in a research note on Tuesday, March 19th. They set a “buy” rating and a $3,450.00 price objective on the stock. Finally, Barclays lifted their target price on AutoZone from $2,779.00 to $3,100.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $3,086.61.

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.