Sage Mountain Advisors LLC Has $835,000 Stock Position in AutoZone, Inc. (NYSE:AZO)

Sage Mountain Advisors LLC raised its holdings in AutoZone, Inc. (NYSE:AZO) by 66.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 261 shares of the company’s stock after buying an additional 104 shares during the quarter. Sage Mountain Advisors LLC’s holdings in AutoZone were worth $835,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Darwin Wealth Management LLC bought a new position in shares of AutoZone during the 3rd quarter worth about $47,000. Crews Bank & Trust acquired a new position in AutoZone during the 4th quarter worth approximately $61,000. McIlrath & Eck LLC boosted its holdings in AutoZone by 25.0% in the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after acquiring an additional 4 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in AutoZone in the third quarter valued at approximately $66,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of AutoZone during the fourth quarter valued at approximately $67,000. 92.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AZO. Wells Fargo & Company increased their target price on AutoZone from $3,750.00 to $3,850.00 and gave the stock an “overweight” rating in a report on Wednesday, March 5th. Evercore ISI upped their price objective on shares of AutoZone from $3,525.00 to $3,700.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. BMO Capital Markets lifted their price objective on shares of AutoZone from $3,700.00 to $3,850.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. DA Davidson upped their target price on shares of AutoZone from $3,350.00 to $3,500.00 and gave the stock a “neutral” rating in a report on Wednesday, March 5th. Finally, Barclays raised their price target on shares of AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $3,651.91.

AutoZone Price Performance

NYSE AZO opened at $3,561.95 on Wednesday. The business’s fifty day moving average is $3,383.15 and its 200-day moving average is $3,236.73. The stock has a market capitalization of $59.78 billion, a price-to-earnings ratio of 23.80, a PEG ratio of 1.86 and a beta of 0.71. AutoZone, Inc. has a one year low of $2,728.97 and a one year high of $3,704.43.

AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing the consensus estimate of $29.11 by ($0.82). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The company had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.98 billion. Research analysts expect that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Bailey L. Childress sold 160 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the completion of the transaction, the senior vice president now owns 50 shares in the company, valued at approximately $177,500. This represents a 76.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Dennis W. Leriche sold 1,575 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $3,600.00, for a total value of $5,670,000.00. Following the completion of the sale, the vice president now owns 417 shares in the company, valued at $1,501,200. This represents a 79.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by insiders.

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.