AutoZone, Inc. (NYSE:AZO) Shares Acquired by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust grew its position in shares of AutoZone, Inc. (NYSE:AZO) by 3,290.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,051 shares of the company’s stock after buying an additional 1,020 shares during the period. Parkside Financial Bank & Trust’s holdings in AutoZone were worth $2,717,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rock Creek Group LP acquired a new position in AutoZone during the 3rd quarter worth $25,000. ORG Partners LLC bought a new position in AutoZone in the 3rd quarter valued at about $43,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in AutoZone during the 3rd quarter valued at about $51,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of AutoZone during the 4th quarter worth about $54,000. Finally, Steward Financial Group LLC lifted its stake in shares of AutoZone by 66.7% in the 3rd quarter. Steward Financial Group LLC now owns 25 shares of the company’s stock worth $63,000 after acquiring an additional 10 shares during the period. 92.74% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at AutoZone

In other news, Chairman William C. Rhodes III sold 6,700 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chairman now owns 15,357 shares in the company, valued at approximately $48,992,208.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Chairman William C. Rhodes III sold 6,700 shares of AutoZone stock in a transaction that occurred on Tuesday, March 26th. The shares were 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 owns 15,357 shares in the company, valued at approximately $48,992,208.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Eric S. Gould sold 2,100 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $3,200.00, for a total transaction 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 quarter, insiders sold 15,990 shares of company stock worth $50,335,193. Insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on AutoZone from $3,000.00 to $3,200.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. DA Davidson boosted their price objective on shares of AutoZone from $2,770.00 to $3,025.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Evercore ISI lowered their price objective on AutoZone from $3,400.00 to $3,346.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. StockNews.com downgraded shares of AutoZone from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. Finally, Mizuho initiated coverage on shares of AutoZone in a research report on Tuesday, March 19th. They set a “buy” rating and a $3,450.00 target price on the stock. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $3,086.61.

AutoZone Stock Performance

AutoZone stock traded up $9.20 during trading hours on Wednesday, hitting $2,970.24. The company had a trading volume of 17,923 shares, compared to its average volume of 152,876. The firm has a market cap of $51.44 billion, a P/E ratio of 20.85, a P/E/G ratio of 1.47 and a beta of 0.70. The company has a 50-day moving average price of $3,014.93 and a two-hundred day moving average price of $2,767.20. AutoZone, Inc. has a 1 year low of $2,277.88 and a 1 year high of $3,256.37.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $28.89 earnings per share for the quarter, beating analysts’ consensus estimates of $26.08 by $2.81. The firm had revenue of $3.86 billion for the quarter, compared to analyst estimates of $4.32 billion. AutoZone had a net margin of 14.70% and a negative return on equity of 56.06%. AutoZone’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company posted $24.64 EPS. As a group, equities research analysts anticipate that AutoZone, Inc. will post 152.4 EPS for the current 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.