AutoZone, Inc. (NYSE:AZO) Shares Sold by Syon Capital LLC

Syon Capital LLC cut its position in shares of AutoZone, Inc. (NYSE:AZO) by 19.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 203 shares of the company’s stock after selling 48 shares during the period. Syon Capital LLC’s holdings in AutoZone were worth $525,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AZO. Rock Creek Group LP purchased a new stake in shares of AutoZone during the 3rd quarter worth about $25,000. ORG Partners LLC purchased a new position in AutoZone during the third quarter worth approximately $43,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in AutoZone in the third quarter valued at approximately $51,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of AutoZone in the fourth quarter valued at approximately $54,000. Finally, Steward Financial Group LLC increased its position in shares of AutoZone by 66.7% in the third quarter. Steward Financial Group LLC now owns 25 shares of the company’s stock valued at $63,000 after buying an additional 10 shares in the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

Analyst Ratings Changes

AZO has been the topic of a number of research analyst reports. UBS Group lifted their price target on shares of AutoZone from $3,100.00 to $3,425.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. JPMorgan Chase & Co. raised their price target on shares of AutoZone from $3,000.00 to $3,200.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. DA Davidson boosted their price objective on AutoZone from $2,770.00 to $3,025.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Barclays lifted their price target 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. Finally, Evercore ISI reduced their price objective on AutoZone from $3,400.00 to $3,346.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, AutoZone currently has an average rating of “Moderate Buy” and an average price target of $3,086.61.

Insiders Place Their Bets

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

AutoZone Trading Up 0.1 %

AZO stock opened at $2,948.18 on Friday. The business’s fifty day moving average price is $3,029.04 and its 200 day moving average price is $2,772.66. AutoZone, Inc. has a 12-month low of $2,277.88 and a 12-month high of $3,256.37. The company has a market capitalization of $51.06 billion, a PE ratio of 20.76, a P/E/G ratio of 1.46 and a beta of 0.70.

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

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.