Mackenzie Financial Corp Sells 4,864 Shares of AutoZone, Inc. $AZO

Mackenzie Financial Corp decreased its position in AutoZone, Inc. (NYSE:AZO) by 18.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,718 shares of the company’s stock after selling 4,864 shares during the quarter. Mackenzie Financial Corp owned approximately 0.13% of AutoZone worth $93,175,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of AutoZone by 1.5% during the third quarter. Vanguard Group Inc. now owns 1,797,548 shares of the company’s stock valued at $7,711,912,000 after purchasing an additional 26,544 shares in the last quarter. Laurel Wealth Advisors LLC grew its position in AutoZone by 371,123.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 935,482 shares of the company’s stock worth $3,472,724,000 after purchasing an additional 935,230 shares in the last quarter. State Street Corp increased its stake in AutoZone by 1.6% in the 2nd quarter. State Street Corp now owns 714,091 shares of the company’s stock valued at $2,650,870,000 after buying an additional 11,088 shares during the last quarter. Geode Capital Management LLC increased its stake in AutoZone by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 444,671 shares of the company’s stock valued at $1,649,228,000 after buying an additional 8,187 shares during the last quarter. Finally, Norges Bank bought a new position in shares of AutoZone during the 2nd quarter worth approximately $981,202,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AZO. DA Davidson set a $4,300.00 target price on AutoZone in a report on Thursday, March 5th. Robert W. Baird lowered AutoZone from an “outperform” rating to a “neutral” rating and set a $3,900.00 price target on the stock. in a report on Monday, February 9th. Wolfe Research downgraded AutoZone from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, December 16th. UBS Group set a $4,800.00 target price on AutoZone in a research note on Tuesday, March 3rd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of AutoZone in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $4,318.38.

Insider Buying and Selling

In other AutoZone news, Director Brian Hannasch bought 147 shares of the business’s stock in a transaction on Thursday, December 18th. The stock was purchased at an average price of $3,393.09 per share, for a total transaction of $498,784.23. Following the completion of the transaction, the director directly owned 962 shares of the company’s stock, valued at $3,264,152.58. This trade represents a 18.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director George R. Mrkonic, Jr. sold 97 shares of AutoZone stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $3,341.99, for a total transaction of $324,173.03. Following the completion of the transaction, the director owned 3,564 shares of the company’s stock, valued at $11,910,852.36. The trade was a 2.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,447 shares of company stock worth $34,179,923 in the last quarter. 2.60% of the stock is currently owned by company insiders.

AutoZone Trading Down 0.3%

AutoZone stock opened at $3,715.03 on Thursday. The business’s 50 day simple moving average is $3,640.15 and its 200 day simple moving average is $3,810.37. AutoZone, Inc. has a 12 month low of $3,210.72 and a 12 month high of $4,388.11. The company has a market cap of $61.55 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 1.91 and a beta of 0.41.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, March 3rd. The company reported $27.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $27.59 by $0.04. AutoZone had a negative return on equity of 72.31% and a net margin of 12.47%.The firm had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.31 billion. During the same period in the previous year, the company posted $28.29 earnings per share. The business’s revenue was up 8.2% on a year-over-year basis. As a group, equities research analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

AutoZone Company Profile

AutoZone, Inc (NYSE: AZO) is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.

AutoZone serves both do‑it‑yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.