Lindbrook Capital LLC Raises Stake in AutoZone, Inc. (NYSE:AZO)

Lindbrook Capital LLC increased its position in shares of AutoZone, Inc. (NYSE:AZO) by 26.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137 shares of the company’s stock after purchasing an additional 29 shares during the period. Lindbrook Capital LLC’s holdings in AutoZone were worth $354,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Rock Creek Group LP bought a new stake in AutoZone during the third quarter valued at about $25,000. First Capital Advisors Group LLC. purchased a new position in AutoZone in the 2nd quarter worth approximately $32,000. MUFG Americas Holdings Corp lifted its holdings in AutoZone by 166.7% in the 3rd quarter. MUFG Americas Holdings Corp now owns 16 shares of the company’s stock worth $34,000 after purchasing an additional 10 shares in the last quarter. ORG Partners LLC bought a new position in AutoZone in the 3rd quarter worth approximately $43,000. Finally, HWG Holdings LP purchased a new stake in AutoZone during the 1st quarter valued at approximately $44,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Wall Street Analyst Weigh In

AZO has been the subject of a number of research reports. Wedbush upped their target price on shares of AutoZone from $2,950.00 to $3,400.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 28th. Mizuho began coverage on AutoZone in a research report on Tuesday, March 19th. They set a “buy” rating and a $3,450.00 price objective for the company. Barclays boosted their target price on AutoZone from $2,779.00 to $3,100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Truist Financial raised their price target on AutoZone from $3,363.00 to $3,523.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Finally, UBS Group upped their price objective on AutoZone from $3,100.00 to $3,425.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, AutoZone has a consensus rating of “Moderate Buy” and an average price target of $3,086.61.

AutoZone Price Performance

Shares of NYSE AZO opened at $2,985.54 on Monday. AutoZone, Inc. has a 1 year low of $2,277.88 and a 1 year high of $3,256.37. The firm has a 50-day simple moving average of $3,005.06 and a two-hundred day simple moving average of $2,761.20. The company has a market cap of $51.71 billion, a P/E ratio of 21.02, a PEG ratio of 1.48 and a beta of 0.70.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, February 27th. The company reported $28.89 earnings per share for the quarter, topping the consensus estimate of $26.08 by $2.81. The business had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $4.32 billion. AutoZone had a negative return on equity of 56.06% and a net margin of 14.70%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the company earned $24.64 earnings per share. As a group, equities research analysts expect that AutoZone, Inc. will post 152.4 EPS for the current year.

Insider Buying and Selling at AutoZone

In other news, Chairman William C. Rhodes III sold 6,700 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $3,190.22, for a total transaction of $21,374,474.00. Following the transaction, the chairman now directly owns 15,357 shares of the company’s stock, valued at $48,992,208.54. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other AutoZone news, Chairman William C. Rhodes III sold 6,700 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $3,190.22, for a total value of $21,374,474.00. Following the completion of the sale, the chairman now directly owns 15,357 shares in the company, valued at approximately $48,992,208.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Richard Craig Smith sold 3,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $2,997.76, for a total value of $8,993,280.00. Following the transaction, the vice president now owns 2,921 shares in the company, valued at approximately $8,756,456.96. The disclosure for this sale can be found here. Insiders sold a total of 15,990 shares of company stock valued at $50,335,193 in the last three months. Company insiders own 2.50% of the company’s stock.

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.