AutoZone, Inc. (NYSE:AZO) Shares Sold by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC decreased its position in AutoZone, Inc. (NYSE:AZO) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 459 shares of the company’s stock after selling 10 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in AutoZone were worth $1,187,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AZO. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of AutoZone by 70.3% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 201 shares of the company’s stock worth $511,000 after purchasing an additional 83 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of AutoZone by 471.4% in the 3rd quarter. Larson Financial Group LLC now owns 40 shares of the company’s stock worth $102,000 after purchasing an additional 33 shares during the last quarter. Berger Financial Group Inc lifted its holdings in shares of AutoZone by 8.1% in the 3rd quarter. Berger Financial Group Inc now owns 133 shares of the company’s stock worth $338,000 after purchasing an additional 10 shares during the last quarter. ORG Partners LLC bought a new stake in shares of AutoZone in the 3rd quarter worth approximately $43,000. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in shares of AutoZone by 17.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 7,329 shares of the company’s stock worth $18,616,000 after purchasing an additional 1,066 shares during the last quarter. Institutional investors own 92.74% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. StockNews.com downgraded AutoZone from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. Mizuho assumed coverage on AutoZone in a research note on Tuesday, March 19th. They set a “buy” rating and a $3,450.00 target price on the stock. Barclays lifted their target price on AutoZone from $2,779.00 to $3,100.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. DA Davidson lifted their target price on AutoZone from $2,770.00 to $3,025.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Finally, Evercore ISI cut their target price on AutoZone from $3,400.00 to $3,346.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $3,115.24.

Insider Activity

In other news, VP Richard Craig Smith sold 3,000 shares of AutoZone stock in a transaction 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 transaction, the vice president now owns 2,921 shares in the company, valued at $8,756,456.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Richard Craig Smith sold 3,000 shares of AutoZone stock in a transaction 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 transaction, the vice president now owns 2,921 shares in the company, valued at $8,756,456.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman William C. Rhodes III sold 6,700 shares of AutoZone stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $3,190.22, for a total value of $21,374,474.00. Following the sale, the chairman now directly owns 15,357 shares of the company’s stock, valued at approximately $48,992,208.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,990 shares of company stock worth $50,335,193. 2.50% of the stock is owned by corporate insiders.

AutoZone Stock Down 3.3 %

Shares of NYSE AZO opened at $2,827.65 on Wednesday. The stock has a market capitalization of $48.97 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 1.45 and a beta of 0.72. The stock’s fifty day simple moving average is $3,029.12 and its 200 day simple moving average is $2,827.17. AutoZone, Inc. has a 52-week low of $2,277.88 and a 52-week high of $3,256.37.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, May 21st. The company reported $36.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $35.75 by $0.94. AutoZone had a negative return on equity of 56.06% and a net margin of 14.70%. The business had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same period in the previous year, the firm posted $34.12 EPS. The company’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, analysts anticipate that AutoZone, Inc. will post 152.4 earnings per share for the current year.

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.