Jackson Creek Investment Advisors LLC Decreases Holdings in AutoZone, Inc. (NYSE:AZO)

Jackson Creek Investment Advisors LLC reduced its position in AutoZone, Inc. (NYSE:AZO) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 267 shares of the company’s stock after selling 7 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in AutoZone were worth $690,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Venturi Wealth Management LLC increased its stake in AutoZone by 2.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 202 shares of the company’s stock valued at $513,000 after purchasing an additional 4 shares in the last quarter. Plancorp LLC increased its position in shares of AutoZone by 3.0% in the 3rd quarter. Plancorp LLC now owns 136 shares of the company’s stock valued at $345,000 after acquiring an additional 4 shares during the period. Alcosta Capital Management Inc. raised its stake in AutoZone by 0.3% in the 3rd quarter. Alcosta Capital Management Inc. now owns 1,255 shares of the company’s stock worth $3,188,000 after acquiring an additional 4 shares during the last quarter. Hohimer Wealth Management LLC lifted its position in AutoZone by 1.1% during the 3rd quarter. Hohimer Wealth Management LLC now owns 361 shares of the company’s stock worth $917,000 after acquiring an additional 4 shares during the period. Finally, Cypress Capital Group grew its stake in AutoZone by 1.2% during the 3rd quarter. Cypress Capital Group now owns 416 shares of the company’s stock valued at $1,057,000 after purchasing an additional 5 shares during the last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.

AutoZone Price Performance

Shares of AZO stock opened at $2,956.40 on Wednesday. AutoZone, Inc. has a 1-year low of $2,277.88 and a 1-year high of $3,256.37. The company has a market cap of $51.20 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 1.49 and a beta of 0.70. The stock has a 50 day simple moving average of $3,039.60 and a 200-day simple moving average of $2,781.38.

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AZO shares. Morgan Stanley raised their price objective on AutoZone from $2,900.00 to $3,100.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. UBS Group lifted their price objective on shares of AutoZone from $3,100.00 to $3,425.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Evercore ISI dropped their price objective on shares of AutoZone from $3,400.00 to $3,346.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Truist Financial raised their target price on shares of AutoZone from $3,363.00 to $3,523.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Finally, Wedbush upped their price target on shares of AutoZone from $2,950.00 to $3,400.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. Five investment 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 stock. Based on data from MarketBeat, AutoZone has an average rating of “Moderate Buy” and a consensus price target of $3,086.61.

Insider Buying and Selling

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 stock was sold at an average price of $3,190.22, for a total value of $21,374,474.00. Following the transaction, the chairman now owns 15,357 shares in the company, valued at $48,992,208.54. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, VP Richard Craig Smith sold 3,000 shares of the business’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 transaction, the vice president now directly owns 2,921 shares in the company, valued at $8,756,456.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman William C. Rhodes III sold 6,700 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $48,992,208.54. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,990 shares of company stock worth $50,335,193. Insiders own 2.50% of the company’s stock.

About AutoZone

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.