Headlands Technologies LLC Takes $145,000 Position in AutoZone, Inc. (NYSE:AZO)

Headlands Technologies LLC purchased a new stake in shares of AutoZone, Inc. (NYSE:AZO) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 56 shares of the company’s stock, valued at approximately $145,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of AZO. Rock Creek Group LP purchased a new stake in shares of AutoZone in the third quarter worth approximately $25,000. ORG Partners LLC purchased a new stake in AutoZone in the third quarter worth $43,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of AutoZone during the third quarter worth $51,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of AutoZone during the fourth quarter valued at $54,000. Finally, Buck Wealth Strategies LLC purchased a new stake in shares of AutoZone in the third quarter valued at approximately $64,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Stock Performance

NYSE AZO opened at $2,998.78 on Tuesday. The firm has a market capitalization of $51.94 billion, a P/E ratio of 21.12, a PEG ratio of 1.46 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 50-day simple moving average of $3,034.46 and a two-hundred day simple moving average of $2,778.53.

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AZO shares. Mizuho assumed coverage on AutoZone in a report on Tuesday, March 19th. They issued a “buy” rating and a $3,450.00 price objective for the company. Truist Financial boosted their price objective on shares of AutoZone from $3,363.00 to $3,523.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. DA Davidson increased their target price on AutoZone from $2,770.00 to $3,025.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. UBS Group boosted their price target on AutoZone from $3,100.00 to $3,425.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Finally, StockNews.com downgraded shares of AutoZone from a “buy” rating to a “hold” rating in a report on Friday, April 12th. Five 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $3,086.61.

Insider Activity at AutoZone

In other news, VP Richard Craig Smith sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $2,997.76, for a total transaction of $8,993,280.00. Following the completion of the transaction, the vice president now directly owns 2,921 shares of the company’s stock, valued at approximately $8,756,456.96. The sale was disclosed in a filing with the SEC, which is available at this link. In other AutoZone news, VP Richard Craig Smith sold 3,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $2,997.76, for a total transaction of $8,993,280.00. Following the completion of the transaction, the vice president now owns 2,921 shares of the company’s stock, valued at $8,756,456.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Eric S. Gould sold 2,100 shares of AutoZone stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $3,200.00, for a total value of $6,720,000.00. Following the completion of the sale, the vice president now directly owns 910 shares in the company, valued at $2,912,000. 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 90 days. Corporate insiders own 2.50% of the company’s stock.

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.