SRS Capital Advisors Inc. Sells 17 Shares of AutoZone, Inc. (NYSE:AZO)

SRS Capital Advisors Inc. lessened its stake in shares of AutoZone, Inc. (NYSE:AZOGet Rating) by 11.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 129 shares of the company’s stock after selling 17 shares during the period. SRS Capital Advisors Inc.’s holdings in AutoZone were worth $270,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Aptus Capital Advisors LLC grew its stake in shares of AutoZone by 17.2% during the fourth quarter. Aptus Capital Advisors LLC now owns 1,377 shares of the company’s stock worth $2,887,000 after buying an additional 202 shares during the last quarter. Natixis lifted its holdings in shares of AutoZone by 1,646.7% during the third quarter. Natixis now owns 5,764 shares of the company’s stock worth $9,787,000 after purchasing an additional 5,434 shares during the period. FDx Advisors Inc. lifted its holdings in shares of AutoZone by 58.0% during the fourth quarter. FDx Advisors Inc. now owns 278 shares of the company’s stock worth $583,000 after purchasing an additional 102 shares during the period. HighTower Advisors LLC lifted its holdings in shares of AutoZone by 313.9% during the third quarter. HighTower Advisors LLC now owns 43,045 shares of the company’s stock worth $73,034,000 after purchasing an additional 32,644 shares during the period. Finally, Squarepoint Ops LLC lifted its holdings in shares of AutoZone by 11,810.2% during the third quarter. Squarepoint Ops LLC now owns 37,279 shares of the company’s stock worth $63,299,000 after purchasing an additional 36,966 shares during the period. 88.90% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:AZO traded down $58.97 during midday trading on Friday, hitting $1,955.47. 275,363 shares of the company’s stock were exchanged, compared to its average volume of 156,386. The stock has a 50 day moving average price of $2,010.54 and a 200-day moving average price of $1,955.55. The company has a market cap of $38.82 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 1.73 and a beta of 0.92. AutoZone, Inc. has a 12 month low of $1,367.96 and a 12 month high of $2,267.40.

AutoZone (NYSE:AZOGet Rating) last posted its earnings results on Tuesday, March 1st. The company reported $22.30 EPS for the quarter, topping the consensus estimate of $17.79 by $4.51. The company had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.16 billion. AutoZone had a net margin of 15.44% and a negative return on equity of 109.21%. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period in the previous year, the firm posted $14.93 earnings per share. Analysts expect that AutoZone, Inc. will post 111.68 EPS for the current fiscal year.

A number of equities analysts have recently commented on AZO shares. Wells Fargo & Company lifted their price target on shares of AutoZone from $2,200.00 to $2,350.00 and gave the stock an “overweight” rating in a report on Wednesday, January 5th. Morgan Stanley lifted their price target on shares of AutoZone from $2,050.00 to $2,125.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 2nd. UBS Group lowered shares of AutoZone from a “buy” rating to a “neutral” rating and set a $2,300.00 target price on the stock. in a report on Friday, January 7th. Zacks Investment Research lowered shares of AutoZone from a “strong-buy” rating to a “hold” rating and set a $2,096.00 target price on the stock. in a report on Tuesday, February 8th. Finally, Truist Financial dropped their target price on shares of AutoZone from $2,329.00 to $2,215.00 in a report on Wednesday, March 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $2,073.00.

In other AutoZone news, EVP Preston Frazer sold 1,500 shares of the company’s stock in a transaction dated Wednesday, April 20th. The shares were sold at an average price of $2,220.00, for a total value of $3,330,000.00. Following the completion of the sale, the executive vice president now directly owns 783 shares of the company’s stock, valued at approximately $1,738,260. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Philip B. Daniele sold 100 shares of the company’s stock in a transaction dated Friday, March 4th. The stock was sold at an average price of $1,890.00, for a total transaction of $189,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,682 shares of company stock valued at $16,146,334. 2.60% of the stock is currently owned by insiders.

AutoZone Company Profile (Get Rating)

AutoZone, Inc retails and distributes automotive replacement parts and accessories. The company offers 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. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps, as well as tire repairs.

Further Reading

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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