AutoZone, Inc. (NYSE:AZO) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its position in AutoZone, Inc. (NYSE:AZO) by 22.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,633 shares of the company’s stock after selling 744 shares during the quarter. Yousif Capital Management LLC’s holdings in AutoZone were worth $6,808,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in AZO. CWM LLC increased its stake in shares of AutoZone by 1.3% in the third quarter. CWM LLC now owns 301 shares of the company’s stock worth $765,000 after buying an additional 4 shares during the last quarter. AE Wealth Management LLC increased its stake in shares of AutoZone by 65.6% in the third quarter. AE Wealth Management LLC now owns 651 shares of the company’s stock worth $1,654,000 after buying an additional 258 shares during the last quarter. Private Trust Co. NA increased its stake in shares of AutoZone by 2.9% in the third quarter. Private Trust Co. NA now owns 142 shares of the company’s stock worth $361,000 after buying an additional 4 shares during the last quarter. Galvin Gaustad & Stein LLC increased its stake in shares of AutoZone by 0.8% in the third quarter. Galvin Gaustad & Stein LLC now owns 7,400 shares of the company’s stock worth $18,797,000 after buying an additional 60 shares during the last quarter. Finally, Czech National Bank increased its stake in shares of AutoZone by 45.7% in the third quarter. Czech National Bank now owns 3,174 shares of the company’s stock worth $8,062,000 after buying an additional 996 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on AZO shares. UBS Group boosted their target price on shares of AutoZone from $3,100.00 to $3,425.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Wedbush boosted their target price on shares of AutoZone from $2,950.00 to $3,400.00 and gave the company an “outperform” rating in a research note on Wednesday, February 28th. Morgan Stanley boosted their target price on shares of AutoZone from $2,900.00 to $3,100.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Truist Financial boosted their target price on shares of AutoZone from $3,363.00 to $3,523.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Finally, StockNews.com lowered shares of AutoZone from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $3,086.61.

Insider Buying and Selling at AutoZone

In other AutoZone news, VP Eric S. Gould sold 2,100 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were 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 of the company’s stock, valued at approximately $2,912,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other AutoZone news, VP Eric S. Gould sold 2,100 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $3,200.00, for a total transaction of $6,720,000.00. Following the sale, the vice president now owns 910 shares in the company, valued at approximately $2,912,000. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Richard Craig Smith sold 3,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $2,997.76, for a total value of $8,993,280.00. Following the sale, the vice president now owns 2,921 shares in the company, valued at approximately $8,756,456.96. The disclosure for this sale can be found here. In the last three months, insiders sold 15,990 shares of company stock valued at $50,335,193. 2.50% of the stock is owned by insiders.

AutoZone Stock Up 0.9 %

AZO stock opened at $2,988.51 on Thursday. The company has a market capitalization of $51.76 billion, a P/E ratio of 21.04, a PEG ratio of 1.47 and a beta of 0.70. The company has a 50-day simple moving average of $3,020.17 and a 200 day simple moving average of $2,768.74. AutoZone, Inc. has a fifty-two week low of $2,277.88 and a fifty-two week high of $3,256.37.

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

About AutoZone

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.