Crestwood Advisors Group LLC Has $339,000 Stake in AutoZone, Inc. (NYSE:AZO)

Crestwood Advisors Group LLC boosted its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 4.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 131 shares of the company’s stock after buying an additional 6 shares during the period. Crestwood Advisors Group LLC’s holdings in AutoZone were worth $339,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Householder Group Estate & Retirement Specialist LLC acquired a new position in AutoZone during the third quarter worth $25,000. Rock Creek Group LP bought a new stake in AutoZone during the third quarter valued at about $25,000. First Capital Advisors Group LLC. bought a new stake in AutoZone during the second quarter valued at about $32,000. MUFG Americas Holdings Corp boosted its holdings in AutoZone by 166.7% during the third quarter. MUFG Americas Holdings Corp now owns 16 shares of the company’s stock valued at $34,000 after acquiring an additional 10 shares during the period. Finally, Mascoma Wealth Management LLC bought a new stake in AutoZone during the third quarter valued at about $38,000. 92.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AZO shares. Morgan Stanley upped their price target on shares of AutoZone from $2,900.00 to $3,100.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. UBS Group upped their price target 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. Wedbush increased their target price on shares of AutoZone from $2,950.00 to $3,400.00 and gave the company an “outperform” rating in a research note on Wednesday, February 28th. TheStreet cut shares of AutoZone from a “c” rating to a “d+” rating in a research note on Wednesday, December 20th. Finally, Truist Financial increased their target price on shares of AutoZone from $3,363.00 to $3,523.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $3,089.61.

Insider Buying and Selling at AutoZone

In other AutoZone news, VP Eric S. Gould sold 2,100 shares of AutoZone stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $3,200.00, for a total value of $6,720,000.00. Following the sale, the vice president now directly owns 910 shares in the company, valued at approximately $2,912,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Eric S. Gould sold 2,100 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $3,200.00, for a total transaction of $6,720,000.00. Following the transaction, the vice president now directly owns 910 shares in the company, valued at approximately $2,912,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Grant E. Mcgee sold 693 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $2,654.14, for a total transaction of $1,839,319.02. Following the transaction, the vice president now owns 251 shares in the company, valued at $666,189.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,583 shares of company stock worth $60,056,012. Insiders own 2.50% of the company’s stock.

AutoZone Trading Down 1.5 %

AZO opened at $2,962.32 on Monday. The stock has a market capitalization of $51.31 billion, a P/E ratio of 20.86, a P/E/G ratio of 1.47 and a beta of 0.70. AutoZone, Inc. has a 12 month low of $2,277.88 and a 12 month high of $3,256.37. The firm’s fifty day simple moving average is $2,988.35 and its 200 day simple moving average is $2,746.30.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $28.89 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 analysts’ expectations of $4.32 billion. AutoZone had a net margin of 14.70% and a negative return on equity of 56.06%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $24.64 EPS. On average, equities research analysts predict that AutoZone, Inc. will post 151.98 EPS for the current fiscal year.

AutoZone Company 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.