392 Shares in AutoZone, Inc. $AZO Bought by Havemeyer Place LP

Havemeyer Place LP bought a new position in AutoZone, Inc. (NYSE:AZO) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 392 shares of the company’s stock, valued at approximately $1,329,000.

A number of other large investors also recently modified their holdings of AZO. Turning Point Benefit Group Inc. bought a new position in shares of AutoZone in the 3rd quarter worth $25,000. Torren Management LLC bought a new position in shares of AutoZone in the 4th quarter worth $27,000. MCF Advisors LLC lifted its holdings in shares of AutoZone by 50.0% in the 4th quarter. MCF Advisors LLC now owns 9 shares of the company’s stock worth $31,000 after purchasing an additional 3 shares in the last quarter. Newport Capital Group LLC bought a new position in shares of AutoZone in the 4th quarter worth $35,000. Finally, Elevated Capital Advisors LLC bought a new position in shares of AutoZone in the 4th quarter worth $37,000. 92.74% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Brian Hannasch purchased 165 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was acquired at an average cost of $2,987.00 per share, with a total value of $492,855.00. Following the transaction, the director owned 1,219 shares of the company’s stock, valued at $3,641,153. This represents a 15.65% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Earl G. Graves, Jr. sold 50 shares of the firm’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $3,478.72, for a total value of $173,936.00. Following the sale, the director directly owned 4,837 shares of the company’s stock, valued at approximately $16,826,568.64. This represents a 1.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AZO. Morgan Stanley cut their target price on AutoZone from $4,020.00 to $3,605.00 and set an “overweight” rating on the stock in a report on Wednesday, May 27th. Argus upgraded AutoZone from a “hold” rating to a “buy” rating and set a $4,325.00 target price on the stock in a report on Monday, March 9th. Oppenheimer reiterated an “outperform” rating and issued a $4,300.00 target price (up from $4,150.00) on shares of AutoZone in a report on Tuesday, March 10th. Jefferies Financial Group cut their target price on AutoZone from $4,400.00 to $4,000.00 and set a “buy” rating on the stock in a report on Wednesday, May 27th. Finally, UBS Group set a $4,800.00 target price on AutoZone in a report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $4,040.87.

AutoZone Trading Down 0.0%

NYSE AZO opened at $3,116.41 on Monday. The firm has a market capitalization of $51.36 billion, a P/E ratio of 21.43, a PEG ratio of 1.58 and a beta of 0.35. The business has a fifty day simple moving average of $3,393.83 and a 200 day simple moving average of $3,538.05. AutoZone, Inc. has a 12 month low of $2,928.11 and a 12 month high of $4,388.11.

AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, May 26th. The company reported $38.07 EPS for the quarter, beating analysts’ consensus estimates of $36.22 by $1.85. The business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.86 billion. AutoZone had a negative return on equity of 80.35% and a net margin of 12.40%.AutoZone’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $35.36 EPS. As a group, sell-side analysts predict that AutoZone, Inc. will post 150.18 EPS for the current fiscal year.

AutoZone 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.