AutoZone, Inc. (NYSE:AZO) Shares Sold by Garrison Asset Management LLC

Garrison Asset Management LLC lessened its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,346 shares of the company’s stock after selling 37 shares during the quarter. AutoZone makes up about 3.3% of Garrison Asset Management LLC’s portfolio, making the stock its 2nd biggest holding. Garrison Asset Management LLC’s holdings in AutoZone were worth $6,066,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of AZO. Rock Creek Group LP acquired a new stake in shares of AutoZone in the 3rd quarter worth $25,000. ORG Partners LLC purchased a new stake in shares of AutoZone in the third quarter valued at about $43,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in AutoZone during the third quarter worth about $51,000. Turtle Creek Wealth Advisors LLC purchased a new position in AutoZone during the fourth quarter worth about $54,000. Finally, Steward Financial Group LLC boosted its holdings in AutoZone by 66.7% in the 3rd quarter. Steward Financial Group LLC now owns 25 shares of the company’s stock valued at $63,000 after purchasing an additional 10 shares during the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AZO shares. UBS Group raised their price target on shares of AutoZone from $3,100.00 to $3,425.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Morgan Stanley lifted their target price on AutoZone from $2,900.00 to $3,100.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Evercore ISI lowered their price target on AutoZone from $3,400.00 to $3,346.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. JPMorgan Chase & Co. boosted their price objective on shares of AutoZone from $3,000.00 to $3,200.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Finally, Truist Financial increased their target price 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. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, AutoZone currently has an average rating of “Moderate Buy” and a consensus target price of $3,086.61.

Insider Transactions at AutoZone

In related news, CEO Philip B. Daniele sold 4,190 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 900 shares of the company’s stock, valued at $2,845,512. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other AutoZone news, CEO Philip B. Daniele sold 4,190 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 900 shares of the company’s stock, valued at approximately $2,845,512. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman William C. Rhodes III sold 6,700 shares of AutoZone stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $3,190.22, for a total transaction of $21,374,474.00. Following the sale, the chairman now directly owns 15,357 shares of the company’s stock, valued at $48,992,208.54. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,990 shares of company stock valued at $50,335,193. 2.50% of the stock is currently owned by corporate insiders.

AutoZone Stock Performance

Shares of AutoZone stock traded down $23.88 during trading hours on Monday, reaching $2,961.66. 164,509 shares of the company were exchanged, compared to its average volume of 155,156. The firm has a market cap of $51.30 billion, a PE ratio of 21.02, a PEG ratio of 1.48 and a beta of 0.70. AutoZone, Inc. has a 1 year low of $2,277.88 and a 1 year high of $3,256.37. The stock’s fifty day moving average is $3,005.06 and its 200 day moving average is $2,761.20.

AutoZone (NYSE:AZO) last released 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. The firm had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $4.32 billion. AutoZone had a negative return on equity of 56.06% and a net margin of 14.70%. AutoZone’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $24.64 EPS. Research analysts expect that AutoZone, Inc. will post 152.4 earnings per share 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.