Duality Advisers LP Invests $504,000 in AutoZone, Inc. (NYSE:AZO)

Duality Advisers LP bought a new position in shares of AutoZone, Inc. (NYSE:AZO) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 195 shares of the company’s stock, valued at approximately $504,000.

A number of other institutional investors also recently modified their holdings of the company. Handelsbanken Fonder AB raised its position in shares of AutoZone by 8.1% during the fourth quarter. Handelsbanken Fonder AB now owns 7,544 shares of the company’s stock worth $19,506,000 after purchasing an additional 566 shares during the period. CWM LLC raised its position in AutoZone by 5.3% in the 4th quarter. CWM LLC now owns 317 shares of the company’s stock valued at $820,000 after buying an additional 16 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in AutoZone by 1.1% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 1,805 shares of the company’s stock valued at $4,667,000 after buying an additional 20 shares during the last quarter. Signaturefd LLC raised its position in AutoZone by 3.9% in the 4th quarter. Signaturefd LLC now owns 429 shares of the company’s stock valued at $1,109,000 after buying an additional 16 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its position in AutoZone by 1.4% in the 4th quarter. Verdence Capital Advisors LLC now owns 2,248 shares of the company’s stock valued at $5,812,000 after buying an additional 32 shares during the last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other AutoZone news, VP Richard Craig Smith sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $2,997.76, for a total value of $8,993,280.00. Following the completion of the transaction, the vice president now owns 2,921 shares in the company, valued at approximately $8,756,456.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other AutoZone news, VP Richard Craig Smith sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $2,997.76, for a total value of $8,993,280.00. Following the sale, the vice president now owns 2,921 shares of the company’s stock, valued at approximately $8,756,456.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Philip B. Daniele sold 4,190 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $3,161.68, for a total value of $13,247,439.20. Following the completion of the sale, the chief executive officer now directly owns 900 shares in the company, valued at approximately $2,845,512. The disclosure for this sale can be found here. Insiders sold a total of 15,990 shares of company stock worth $50,335,193 in the last quarter. 2.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Truist Financial increased their price target on AutoZone from $3,363.00 to $3,523.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. StockNews.com lowered AutoZone from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. UBS Group increased their price target on AutoZone from $3,100.00 to $3,425.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Evercore ISI reduced their price objective on AutoZone from $3,400.00 to $3,346.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Finally, JPMorgan Chase & Co. upped their price objective on AutoZone from $3,000.00 to $3,200.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, AutoZone currently has an average rating of “Moderate Buy” and a consensus price target of $3,086.61.

AutoZone Stock Performance

AZO stock opened at $2,948.40 on Friday. The company has a market capitalization of $51.07 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 1.47 and a beta of 0.70. AutoZone, Inc. has a fifty-two week low of $2,277.88 and a fifty-two week high of $3,256.37. The stock has a fifty day moving average of $3,024.63 and a 200-day moving average of $2,769.99.

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