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

Silverleafe Capital Partners LLC decreased its holdings in AutoZone, Inc. (NYSE:AZOFree Report) by 0.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,457 shares of the company’s stock after selling 15 shares during the quarter. AutoZone comprises approximately 3.3% of Silverleafe Capital Partners LLC’s portfolio, making the stock its 11th biggest holding. Silverleafe Capital Partners LLC’s holdings in AutoZone were worth $6,241,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. State Street Corp raised its position in AutoZone by 1.4% in the second quarter. State Street Corp now owns 809,113 shares of the company’s stock worth $2,017,410,000 after acquiring an additional 11,438 shares in the last quarter. Moneta Group Investment Advisors LLC raised its position in AutoZone by 107,977.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 699,260 shares of the company’s stock worth $1,724,500,000 after acquiring an additional 698,613 shares in the last quarter. Royal Bank of Canada raised its position in AutoZone by 368.0% in the first quarter. Royal Bank of Canada now owns 411,450 shares of the company’s stock worth $841,242,000 after acquiring an additional 323,536 shares in the last quarter. Norges Bank purchased a new position in AutoZone in the fourth quarter worth $658,788,000. Finally, Morgan Stanley raised its position in AutoZone by 1.9% in the fourth quarter. Morgan Stanley now owns 263,346 shares of the company’s stock worth $649,460,000 after acquiring an additional 4,838 shares in the last quarter. Hedge funds and other institutional investors own 90.34% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on AZO shares. William Blair restated an “outperform” rating on shares of AutoZone in a research report on Wednesday, December 13th. JPMorgan Chase & Co. raised their price target on AutoZone from $2,950.00 to $2,975.00 and gave the company an “overweight” rating in a research report on Wednesday, September 20th. StockNews.com cut AutoZone from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. TheStreet cut AutoZone from a “c” rating to a “d+” rating in a research report on Wednesday, December 20th. Finally, Morgan Stanley increased their price objective on AutoZone from $2,750.00 to $2,900.00 and gave the company an “overweight” rating in a research note on Thursday, December 7th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, AutoZone presently has a consensus rating of “Moderate Buy” and an average target price of $2,858.35.

Check Out Our Latest Research Report on AZO

AutoZone Price Performance

NYSE AZO opened at $2,669.21 on Thursday. The firm has a market capitalization of $46.15 billion, a P/E ratio of 19.37, a P/E/G ratio of 1.33 and a beta of 0.67. AutoZone, Inc. has a 1-year low of $2,277.88 and a 1-year high of $2,750.00. The business’s 50-day simple moving average is $2,624.72 and its 200-day simple moving average is $2,554.54.

AutoZone (NYSE:AZOGet Free Report) last released its quarterly earnings data on Tuesday, December 5th. The company reported $32.55 earnings per share for the quarter, beating the consensus estimate of $31.57 by $0.98. The business had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.19 billion. AutoZone had a negative return on equity of 57.23% and a net margin of 14.62%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $27.45 EPS. On average, equities research analysts expect that AutoZone, Inc. will post 150.56 EPS for the current fiscal year.

Insider Buying and Selling

In related news, VP Grant E. Mcgee sold 693 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $2,654.14, for a total transaction of $1,839,319.02. Following the transaction, the vice president now directly owns 251 shares of the company’s stock, valued at approximately $666,189.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Preston Frazer sold 6,754 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $2,476.97, for a total transaction of $16,729,455.38. Following the sale, the senior vice president now directly owns 709 shares of the company’s stock, valued at approximately $1,756,171.73. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Grant E. Mcgee sold 693 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $2,654.14, for a total value of $1,839,319.02. Following the sale, the vice president now directly owns 251 shares in the company, valued at $666,189.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,661 shares of company stock valued at $47,675,816. Corporate insiders own 2.50% of the company’s stock.

AutoZone Company Profile

(Free Report)

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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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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