Caprock Group LLC Has $802,000 Holdings in AutoZone, Inc. (NYSE:AZO)

Caprock Group LLC trimmed its holdings in AutoZone, Inc. (NYSE:AZOFree Report) by 14.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 310 shares of the company’s stock after selling 54 shares during the period. Caprock Group LLC’s holdings in AutoZone were worth $802,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of AZO. RB Capital Management LLC acquired a new position in shares of AutoZone in the 1st quarter valued at approximately $274,000. Fairfield Bush & CO. bought a new position in AutoZone in the first quarter valued at approximately $57,000. Roundview Capital LLC boosted its holdings in shares of AutoZone by 8.1% in the first quarter. Roundview Capital LLC now owns 426 shares of the company’s stock valued at $871,000 after buying an additional 32 shares during the period. Cetera Advisor Networks LLC increased its position in shares of AutoZone by 31.7% during the first quarter. Cetera Advisor Networks LLC now owns 237 shares of the company’s stock worth $485,000 after acquiring an additional 57 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in shares of AutoZone by 24.4% during the first quarter. Sei Investments Co. now owns 12,966 shares of the company’s stock worth $26,331,000 after acquiring an additional 2,545 shares during the period. 92.74% of the stock is currently owned by institutional investors.

AutoZone Trading Down 1.3 %

AZO opened at $3,151.65 on Friday. The stock’s fifty day simple moving average is $2,929.55 and its 200 day simple moving average is $2,706.45. AutoZone, Inc. has a 1-year low of $2,277.88 and a 1-year high of $3,256.37. The stock has a market cap of $54.52 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 1.67 and a beta of 0.70.

AutoZone (NYSE:AZOGet Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $28.89 earnings per share for the quarter, beating the consensus estimate of $26.08 by $2.81. The company had revenue of $3.86 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm earned $24.64 earnings per share. Equities analysts forecast that AutoZone, Inc. will post 151.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

AZO has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on shares of AutoZone from $3,000.00 to $3,200.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Morgan Stanley lifted their target price on AutoZone from $2,900.00 to $3,100.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Raymond James raised AutoZone from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from $2,850.00 to $3,100.00 in a research report on Wednesday, December 6th. 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 report on Wednesday, February 28th. Finally, TheStreet cut shares of AutoZone from a “c” rating to a “d+” rating in a report on Wednesday, December 20th. Five research 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 $3,080.72.

View Our Latest Analysis on AutoZone

Insider Buying and Selling at AutoZone

In other news, Chairman William C. Rhodes III sold 6,700 shares of the business’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 transaction of $21,374,474.00. Following the completion of the sale, the chairman now owns 15,357 shares in the company, valued at $48,992,208.54. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Chairman William C. Rhodes III sold 6,700 shares of AutoZone stock in a transaction on Tuesday, March 26th. The stock was 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 $48,992,208.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Philip B. Daniele sold 4,190 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $3,161.68, for a total transaction of $13,247,439.20. Following the completion of the transaction, the chief executive officer now owns 900 shares in the company, valued at $2,845,512. The disclosure for this sale can be found here. Insiders have sold a total of 27,797 shares of company stock valued at $81,010,974 in the last three months. 2.50% of the stock is currently owned by company insiders.

About AutoZone

(Free Report)

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.

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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