AutoZone, Inc. (NYSE:AZO) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lowered its stake in AutoZone, Inc. (NYSE:AZO) by 0.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 43,708 shares of the company’s stock after selling 114 shares during the quarter. Mackenzie Financial Corp owned 0.25% of AutoZone worth $113,012,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Householder Group Estate & Retirement Specialist LLC acquired a new stake in AutoZone during the 3rd quarter worth $25,000. Rock Creek Group LP acquired a new stake in AutoZone during the 3rd quarter worth $25,000. First Capital Advisors Group LLC. acquired a new stake in AutoZone during the 2nd quarter worth $32,000. Mascoma Wealth Management LLC acquired a new stake in AutoZone during the 3rd quarter worth $38,000. Finally, MUFG Americas Holdings Corp boosted its stake in AutoZone by 166.7% during the 3rd quarter. MUFG Americas Holdings Corp now owns 16 shares of the company’s stock worth $34,000 after purchasing an additional 10 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

Analyst Upgrades and Downgrades

AZO has been the topic of several recent research reports. DA Davidson boosted their price target on shares of AutoZone from $2,770.00 to $3,025.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. JPMorgan Chase & Co. boosted 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 report on Wednesday, February 28th. Truist Financial boosted their price target on shares of AutoZone from $3,363.00 to $3,523.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Wedbush boosted their price target on shares of AutoZone from $2,950.00 to $3,400.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. Finally, UBS Group boosted 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 report on Wednesday, February 28th. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $3,089.61.

Insider Activity at AutoZone

In related news, SVP K. Michelle Borninkhof sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $2,685.00, for a total value of $2,685,000.00. Following the completion of the transaction, the senior vice president now directly owns 521 shares of the company’s stock, valued at $1,398,885. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Chairman William C. Rhodes III sold 6,700 shares of the 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 value 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 $48,992,208.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP K. Michelle Borninkhof sold 1,000 shares of the stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $2,685.00, for a total value of $2,685,000.00. Following the completion of the sale, the senior vice president now directly owns 521 shares of the company’s stock, valued at $1,398,885. The disclosure for this sale can be found here. Insiders sold 18,890 shares of company stock valued at $58,216,693 over the last three months. 2.50% of the stock is owned by corporate insiders.

AutoZone Stock Performance

Shares of AutoZone stock opened at $2,903.51 on Tuesday. AutoZone, Inc. has a one year low of $2,277.88 and a one year high of $3,256.37. The company has a market cap of $50.29 billion, a PE ratio of 20.44, a P/E/G ratio of 1.47 and a beta of 0.70. The business has a 50-day simple moving average of $2,990.34 and a 200-day simple moving average of $2,748.72.

AutoZone (NYSE:AZO) last announced its quarterly 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. The firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $4.32 billion. AutoZone had a negative return on equity of 56.06% and a net margin of 14.70%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted $24.64 earnings per share. On average, sell-side analysts predict that AutoZone, Inc. will post 151.98 earnings per share 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.