Crew Capital Management Ltd. Acquires 8 Shares of AutoZone, Inc. (NYSE:AZO)

Crew Capital Management Ltd. increased its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 2.1% during the first quarter, HoldingsChannel.com reports. The fund owned 393 shares of the company’s stock after buying an additional 8 shares during the quarter. AutoZone makes up approximately 1.2% of Crew Capital Management Ltd.’s investment portfolio, making the stock its 14th largest position. Crew Capital Management Ltd.’s holdings in AutoZone were worth $1,498,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of AZO. Sound View Wealth Advisors Group LLC lifted its position in shares of AutoZone by 2.0% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 152 shares of the company’s stock valued at $487,000 after buying an additional 3 shares during the last quarter. PDS Planning Inc lifted its position in shares of AutoZone by 2.3% during the 4th quarter. PDS Planning Inc now owns 132 shares of the company’s stock valued at $423,000 after buying an additional 3 shares during the last quarter. Harbour Investments Inc. lifted its position in shares of AutoZone by 42.9% during the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock valued at $32,000 after buying an additional 3 shares during the last quarter. Meeder Advisory Services Inc. lifted its holdings in AutoZone by 0.8% during the 4th quarter. Meeder Advisory Services Inc. now owns 371 shares of the company’s stock worth $1,188,000 after purchasing an additional 3 shares in the last quarter. Finally, Tandem Wealth Advisors LLC lifted its holdings in AutoZone by 3.6% during the 4th quarter. Tandem Wealth Advisors LLC now owns 87 shares of the company’s stock worth $279,000 after purchasing an additional 3 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors.

Insider Transactions at AutoZone

In other news, VP Domingo Hurtado sold 4,800 shares of the firm’s stock in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of $3,660.00, for a total value of $17,568,000.00. Following the completion of the transaction, the vice president owned 159 shares in the company, valued at $581,940. This trade represents a 96.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jamere Jackson sold 2,612 shares of AutoZone stock in a transaction on Friday, May 30th. The shares were sold at an average price of $3,728.05, for a total value of $9,737,666.60. Following the transaction, the chief financial officer owned 427 shares of the company’s stock, valued at $1,591,877.35. The trade was a 85.95% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,662 shares of company stock worth $131,999,089. 2.10% of the stock is owned by company insiders.

AutoZone Stock Down 0.5%

AZO opened at $3,667.00 on Friday. The stock has a market cap of $61.53 billion, a PE ratio of 24.82, a PEG ratio of 2.25 and a beta of 0.39. The business has a 50 day moving average of $3,701.69 and a 200-day moving average of $3,546.14. AutoZone, Inc. has a 52 week low of $2,802.79 and a 52 week high of $3,916.81.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, May 27th. The company reported $35.36 EPS for the quarter, missing analysts’ consensus estimates of $37.07 by ($1.71). The firm had revenue of $4.46 billion during the quarter, compared to analysts’ expectations of $4.41 billion. AutoZone had a net margin of 13.56% and a negative return on equity of 56.07%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $36.69 EPS. Equities analysts anticipate that AutoZone, Inc. will post 152.94 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AZO. Mizuho increased their price objective on AutoZone from $3,740.00 to $4,050.00 and gave the stock an “outperform” rating in a report on Thursday. UBS Group increased their price objective on AutoZone from $4,025.00 to $4,260.00 and gave the stock a “buy” rating in a report on Friday, May 23rd. Oppenheimer raised AutoZone from a “market perform” rating to an “outperform” rating and set a $4,600.00 price objective on the stock in a report on Friday, May 2nd. Wells Fargo & Company set a $4,200.00 price target on AutoZone and gave the company an “overweight” rating in a report on Monday, May 19th. Finally, Evercore ISI set a $3,950.00 price target on AutoZone in a report on Monday, May 19th. Two research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $4,087.00.

AutoZone 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.