AutoZone, Inc. (NYSE:AZO) is Threadgill Financial LLC’s Largest Position

Threadgill Financial LLC lessened its stake in shares of AutoZone, Inc. (NYSE:AZO) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,882 shares of the company’s stock after selling 38 shares during the quarter. AutoZone accounts for about 10.1% of Threadgill Financial LLC’s holdings, making the stock its biggest holding. Threadgill Financial LLC’s holdings in AutoZone were worth $15,209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC raised its holdings 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 valued at $1,724,500,000 after acquiring an additional 698,613 shares in the last quarter. Royal Bank of Canada raised its holdings in AutoZone by 368.0% during the first quarter. Royal Bank of Canada now owns 411,450 shares of the company’s stock worth $841,242,000 after purchasing an additional 323,536 shares in the last quarter. Norges Bank acquired a new stake in AutoZone during the fourth quarter worth approximately $658,788,000. Wellington Management Group LLP raised its holdings in AutoZone by 111.4% during the third quarter. Wellington Management Group LLP now owns 335,190 shares of the company’s stock worth $851,379,000 after purchasing an additional 176,623 shares in the last quarter. Finally, Vestor Capital LLC raised its holdings in AutoZone by 4,247.1% during the second quarter. Vestor Capital LLC now owns 141,543 shares of the company’s stock worth $352,918,000 after purchasing an additional 138,287 shares in the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Insider Activity at AutoZone

In related 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 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 filing with the SEC, which is accessible through this hyperlink. In related news, Chairman William C. Rhodes III sold 6,700 shares of the company’s stock in a transaction 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 transaction, the chairman now directly owns 15,357 shares in the company, valued at approximately $48,992,208.54. The sale was disclosed in a document filed with the SEC, which is available through this link. 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 completion of the transaction, the vice president now directly 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 ninety days, insiders have sold 27,797 shares of company stock valued at $81,010,974. Corporate insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of AutoZone from $3,000.00 to $3,200.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Evercore ISI raised their target price on shares of AutoZone from $3,375.00 to $3,400.00 and gave the stock an “outperform” rating in a research report on Tuesday. DA Davidson raised their target price on shares of AutoZone from $2,770.00 to $3,025.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Barclays raised their target price on shares of AutoZone from $2,779.00 to $3,100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Finally, Raymond James upgraded shares of AutoZone from an “outperform” rating to a “strong-buy” rating and raised their target price for the stock from $2,850.00 to $3,100.00 in a research report on Wednesday, December 6th. 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $3,080.72.

AutoZone Stock Performance

Shares of NYSE:AZO opened at $3,192.79 on Thursday. The stock has a market capitalization of $55.24 billion, a P/E ratio of 22.48, a PEG ratio of 1.69 and a beta of 0.70. AutoZone, Inc. has a 1 year low of $2,277.88 and a 1 year high of $3,256.37. The stock has a 50-day simple moving average of $2,902.37 and a 200-day simple moving average of $2,695.82.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, February 27th. The company reported $28.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $26.08 by $2.81. AutoZone had a negative return on equity of 56.06% and a net margin of 14.70%. 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 company posted $24.64 EPS. AutoZone’s quarterly revenue was up 4.6% on a year-over-year basis. Analysts predict that AutoZone, Inc. will post 151.33 earnings per share for the current year.

About AutoZone

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.