Roundview Capital LLC Purchases 7 Shares of AutoZone, Inc. (NYSE:AZO)

Roundview Capital LLC lifted its position in shares of AutoZone, Inc. (NYSE:AZOFree Report) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 633 shares of the company’s stock after purchasing an additional 7 shares during the period. Roundview Capital LLC’s holdings in AutoZone were worth $1,637,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Rock Creek Group LP bought a new position in shares of AutoZone during the third quarter valued at about $25,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in AutoZone during the third quarter worth about $51,000. Turtle Creek Wealth Advisors LLC purchased a new stake in AutoZone during the fourth quarter worth about $54,000. Private Wealth Management Group LLC purchased a new stake in AutoZone during the fourth quarter worth about $54,000. Finally, Tacita Capital Inc increased its holdings in AutoZone by 20.8% during the third quarter. Tacita Capital Inc now owns 29 shares of the company’s stock worth $74,000 after buying an additional 5 shares during the last quarter. 92.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on AZO. Morgan Stanley decreased their price objective on shares of AutoZone from $3,100.00 to $3,038.00 and set an “overweight” rating for the company in a report on Wednesday, May 22nd. Truist Financial decreased their price objective on shares of AutoZone from $3,523.00 to $3,394.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. StockNews.com downgraded shares of AutoZone from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. Wedbush reduced their target price on shares of AutoZone from $3,400.00 to $3,200.00 and set an “outperform” rating for the company in a research note on Wednesday, May 22nd. Finally, UBS Group reduced their target price on shares of AutoZone from $3,465.00 to $3,340.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd. Five analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $3,066.53.

View Our Latest Stock Analysis on AZO

AutoZone Trading Up 1.2 %

Shares of AZO traded up $32.33 during mid-day trading on Thursday, reaching $2,771.43. The company’s stock had a trading volume of 112,320 shares, compared to its average volume of 153,818. The stock has a market cap of $48.00 billion, a PE ratio of 19.51, a P/E/G ratio of 1.40 and a beta of 0.72. AutoZone, Inc. has a 52 week low of $2,277.88 and a 52 week high of $3,256.37. The company’s fifty day moving average price is $2,978.28 and its two-hundred day moving average price is $2,830.67.

AutoZone (NYSE:AZOGet Free Report) last announced its quarterly earnings data on Tuesday, May 21st. The company reported $36.69 earnings per share for the quarter, topping analysts’ consensus estimates of $35.67 by $1.02. AutoZone had a net margin of 14.70% and a negative return on equity of 56.06%. The firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period in the previous year, the business posted $34.12 EPS. The business’s quarterly revenue was up 3.6% on a year-over-year basis. Research analysts anticipate that AutoZone, Inc. will post 151.75 EPS for the current year.

Insider Activity at AutoZone

In other AutoZone news, Chairman William C. Rhodes III sold 6,700 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $3,190.22, for a total transaction of $21,374,474.00. Following the transaction, the chairman now directly owns 15,357 shares of the company’s stock, valued at approximately $48,992,208.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, VP Eric S. Gould sold 2,100 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were 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 approximately $2,912,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman William C. Rhodes III sold 6,700 shares of the company’s stock in a transaction dated 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 in the company, valued at $48,992,208.54. The disclosure for this sale can be found here. Insiders sold 12,990 shares of company stock worth $41,341,913 in the last three months. 2.50% of the stock is owned by insiders.

About AutoZone

(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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