Hall Laurie J Trustee Has $109,000 Stake in AutoZone, Inc. (NYSE:AZO)

Hall Laurie J Trustee trimmed its holdings in shares of AutoZone, Inc. (NYSE:AZO – Get Rating) by 10.2% in the fourth quarter, HoldingsChannel reports. The firm owned 44 shares of the company’s stock after selling 5 shares during the period. Hall Laurie J Trustee’s holdings in AutoZone were worth $109,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Belmont Capital LLC acquired a new stake in AutoZone during the 3rd quarter valued at $26,000. Robbins Farley acquired a new stake in shares of AutoZone in the 3rd quarter valued at $26,000. Legacy Bridge LLC acquired a new stake in shares of AutoZone in the 4th quarter valued at $32,000. WD Rutherford LLC acquired a new stake in shares of AutoZone in the 3rd quarter valued at $32,000. Finally, MUFG Americas Holdings Corp increased its stake in shares of AutoZone by 166.7% in the 3rd quarter. MUFG Americas Holdings Corp now owns 16 shares of the company’s stock valued at $34,000 after buying an additional 10 shares during the period. 91.12% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director George R. Mrkonic, Jr. sold 138 shares of the business’s stock in a transaction dated Thursday, January 5th. The stock was sold at an average price of $2,441.21, for a total value of $336,886.98. Following the sale, the director now directly owns 3,764 shares in the company, valued at $9,188,714.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO William C. Rhodes III sold 29,511 shares of the company’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $2,427.27, for a total transaction of $71,631,164.97. Following the sale, the chief executive officer now owns 14,825 shares in the company, valued at $35,984,277.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George R. Mrkonic, Jr. sold 138 shares of the company’s stock in a transaction dated Thursday, January 5th. The stock was sold at an average price of $2,441.21, for a total value of $336,886.98. Following the sale, the director now owns 3,764 shares in the company, valued at approximately $9,188,714.44. The disclosure for this sale can be found here. Insiders have sold a total of 38,872 shares of company stock worth $94,603,027 over the last three months. Corporate insiders own 2.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AZO. Guggenheim raised AutoZone from a “neutral” rating to a “buy” rating and set a $2,735.00 target price for the company in a research note on Monday, January 9th. Raymond James lifted their target price on AutoZone from $2,600.00 to $2,650.00 and gave the company an “outperform” rating in a research note on Wednesday, March 1st. StockNews.com initiated coverage on AutoZone in a research note on Thursday. They issued a “buy” rating for the company. Citigroup lifted their price objective on AutoZone from $2,520.00 to $2,782.00 in a research note on Wednesday, December 7th. Finally, Morgan Stanley lifted their price objective on AutoZone from $2,725.00 to $2,800.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $2,652.76.

AutoZone Trading Down 2.0 %

AZO stock opened at $2,365.00 on Friday. The firm has a market cap of $44.39 billion, a PE ratio of 19.44, a P/E/G ratio of 1.65 and a beta of 0.69. The business’s 50-day moving average price is $2,452.02 and its two-hundred day moving average price is $2,386.42. AutoZone, Inc. has a 1-year low of $1,703.32 and a 1-year high of $2,610.05.

AutoZone (NYSE:AZO – Get Rating) last issued its quarterly earnings results on Tuesday, February 28th. The company reported $24.64 EPS for the quarter, beating analysts’ consensus estimates of $21.33 by $3.31. The company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.56 billion. AutoZone had a negative return on equity of 64.72% and a net margin of 14.32%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $22.30 earnings per share. On average, analysts forecast that AutoZone, Inc. will post 127.64 earnings per share for the current year.

About AutoZone

(Get Rating)

AutoZone, Inc engages in the retail and distribution of automotive replacement parts and accessories. The firm offers ALLDATA, which produces, sells, and maintains diagnostic and repair information software used in the automotive repair industry and E-commerce, which includes direct sales to customers.