Linden Thomas Advisory Services LLC Increases Position in AutoZone, Inc. (NYSE:AZO)

Linden Thomas Advisory Services LLC lifted its position in shares of AutoZone, Inc. (NYSE:AZO) by 12.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 607 shares of the company’s stock after buying an additional 66 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in AutoZone were worth $1,569,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Rock Creek Group LP acquired a new position in AutoZone during the third quarter worth approximately $25,000. ORG Partners LLC acquired a new position in AutoZone during the third quarter worth approximately $43,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in AutoZone during the third quarter worth approximately $51,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of AutoZone in the fourth quarter worth $54,000. Finally, Steward Financial Group LLC increased its position in shares of AutoZone by 66.7% in the third quarter. Steward Financial Group LLC now owns 25 shares of the company’s stock worth $63,000 after acquiring an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Insider Buying and Selling at AutoZone

In other news, VP Eric S. Gould sold 2,100 shares of the firm’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other AutoZone news, VP Eric S. Gould sold 2,100 shares of the firm’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 completion of the sale, the vice president now owns 910 shares in the company, valued at approximately $2,912,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Richard Craig Smith sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $2,997.76, for a total transaction of $8,993,280.00. Following the completion of the sale, the vice president now owns 2,921 shares of the company’s stock, valued at approximately $8,756,456.96. The disclosure for this sale can be found here. Insiders sold a total of 15,990 shares of company stock valued at $50,335,193 in the last ninety days. Company insiders own 2.50% of the company’s stock.

AutoZone Stock Up 0.1 %

Shares of AZO traded up $2.48 during mid-day trading on Wednesday, hitting $2,963.52. 42,909 shares of the company’s stock were exchanged, compared to its average volume of 153,221. The firm has a fifty day moving average of $3,014.93 and a two-hundred day moving average of $2,767.20. AutoZone, Inc. has a twelve month low of $2,277.88 and a twelve month high of $3,256.37. The stock has a market cap of $51.33 billion, a price-to-earnings ratio of 20.85, a P/E/G ratio of 1.47 and a beta of 0.70.

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. AutoZone had a net margin of 14.70% and a negative return on equity of 56.06%. The firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $4.32 billion. During the same period in the prior year, the firm earned $24.64 EPS. The business’s revenue was up 4.6% on a year-over-year basis. On average, equities analysts predict that AutoZone, Inc. will post 152.4 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Mizuho assumed coverage on shares of AutoZone in a research report on Tuesday, March 19th. They issued a “buy” rating and a $3,450.00 price objective for the company. Barclays raised their price target on shares of AutoZone from $2,779.00 to $3,100.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Truist Financial raised their price target on shares of AutoZone from $3,363.00 to $3,523.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. JPMorgan Chase & Co. increased their price objective on shares of AutoZone from $3,000.00 to $3,200.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Finally, Morgan Stanley increased their price objective on shares of AutoZone from $2,900.00 to $3,100.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Five investment 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $3,086.61.

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.