Kennon Green & Company LLC Lowers Stock Holdings in AutoZone, Inc. (NYSE:AZO)

Kennon Green & Company LLC lowered its position in shares of AutoZone, Inc. (NYSE:AZO) by 7.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 330 shares of the company’s stock after selling 25 shares during the period. Kennon Green & Company LLC’s holdings in AutoZone were worth $853,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Valeo Financial Advisors LLC purchased a new stake in shares of AutoZone in the third quarter worth $216,000. Atlantic Union Bankshares Corp raised its holdings in shares of AutoZone by 24.7% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 560 shares of the company’s stock valued at $1,422,000 after acquiring an additional 111 shares in the last quarter. Steward Financial Group LLC boosted its position in shares of AutoZone by 66.7% during the 3rd quarter. Steward Financial Group LLC now owns 25 shares of the company’s stock valued at $63,000 after acquiring an additional 10 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of AutoZone by 32.0% during the third quarter. Commonwealth Equity Services LLC now owns 2,454 shares of the company’s stock worth $6,234,000 after purchasing an additional 595 shares in the last quarter. Finally, RMR Wealth Builders bought a new position in shares of AutoZone in the third quarter worth approximately $234,000. Institutional investors own 92.74% of the company’s stock.

Insider Buying and Selling at AutoZone

In other news, Chairman William C. Rhodes III sold 6,700 shares of AutoZone stock in a transaction that occurred on Tuesday, March 26th. The stock was 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 in the company, valued at approximately $48,992,208.54. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, VP Eric S. Gould sold 2,100 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $3,200.00, for a total transaction of $6,720,000.00. Following the transaction, the vice president now owns 910 shares in the company, valued at $2,912,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman William C. Rhodes III sold 6,700 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chairman now owns 15,357 shares of the company’s stock, valued at $48,992,208.54. The disclosure for this sale can be found here. Insiders sold 15,990 shares of company stock valued at $50,335,193 in the last 90 days. Insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

AZO has been the subject of several research analyst reports. UBS Group lifted 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 report on Wednesday, February 28th. Wedbush upped their target price on shares of AutoZone from $2,950.00 to $3,400.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 28th. Truist Financial increased their target price on AutoZone from $3,363.00 to $3,523.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Barclays lifted their price target on AutoZone from $2,779.00 to $3,100.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. Finally, StockNews.com lowered AutoZone from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Five equities research 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $3,086.61.

AutoZone Stock Performance

NYSE:AZO traded up $38.06 during midday trading on Monday, reaching $2,984.04. 90,378 shares of the stock traded hands, compared to its average volume of 154,010. The stock has a market capitalization of $51.68 billion, a P/E ratio of 20.74, a PEG ratio of 1.46 and a beta of 0.70. The company has a fifty day moving average of $3,029.04 and a 200 day moving average of $2,775.45. AutoZone, Inc. has a 12 month low of $2,277.88 and a 12 month high of $3,256.37.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $28.89 EPS for the quarter, beating the consensus estimate of $26.08 by $2.81. The firm 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 period in the prior year, the firm posted $24.64 earnings per share. On average, analysts predict that AutoZone, Inc. will post 152.4 EPS for the current fiscal 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.