AutoZone, Inc. (NYSE:AZO) Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC decreased its position in AutoZone, Inc. (NYSE:AZO) by 11.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 665 shares of the company’s stock after selling 87 shares during the quarter. Metis Global Partners LLC’s holdings in AutoZone were worth $1,719,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its holdings in shares of AutoZone by 232,194.6% in the 4th quarter. International Assets Investment Management LLC now owns 731,728 shares of the company’s stock valued at $1,891,963,000 after acquiring an additional 731,413 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of AutoZone by 111.4% during the 3rd quarter. Wellington Management Group LLP now owns 335,190 shares of the company’s stock worth $851,379,000 after buying an additional 176,623 shares during the last quarter. Ontario Teachers Pension Plan Board boosted its holdings in shares of AutoZone by 341.5% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 159,285 shares of the company’s stock valued at $404,582,000 after buying an additional 123,208 shares in the last quarter. Nordea Investment Management AB grew its position in shares of AutoZone by 42.6% in the 4th quarter. Nordea Investment Management AB now owns 195,084 shares of the company’s stock valued at $501,512,000 after buying an additional 58,234 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in AutoZone by 196.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 51,460 shares of the company’s stock worth $133,055,000 after acquiring an additional 34,092 shares in the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Wall Street Analyst Weigh In

AZO has been the subject of several research reports. Barclays boosted their target price on AutoZone from $2,779.00 to $3,100.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Mizuho initiated coverage on shares of AutoZone in a research report on Tuesday, March 19th. They set a “buy” rating and a $3,450.00 target price on the stock. Citigroup decreased their price target on shares of AutoZone from $3,505.00 to $3,420.00 and set a “buy” rating for the company in a research note on Tuesday. 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. Finally, Wedbush boosted their price target on AutoZone from $2,950.00 to $3,400.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $3,108.83.

AutoZone Stock Up 0.8 %

AZO opened at $2,990.65 on Wednesday. The firm’s 50 day moving average is $3,056.63 and its 200-day moving average is $2,795.11. The firm has a market capitalization of $51.80 billion, a P/E ratio of 21.06, a P/E/G ratio of 1.46 and a beta of 0.72. AutoZone, Inc. has a 52-week low of $2,277.88 and a 52-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 (EPS) for the quarter, topping the consensus estimate of $26.08 by $2.81. AutoZone had a negative return on equity of 56.06% and a net margin of 14.70%. The company had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $4.32 billion. During the same period in the previous year, the business earned $24.64 EPS. AutoZone’s revenue for the quarter was up 4.6% compared to the same quarter last year. Equities analysts expect that AutoZone, Inc. will post 152.4 earnings per share for the current fiscal year.

Insider Activity

In other news, Chairman William C. Rhodes III sold 6,700 shares of the 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 transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other AutoZone news, Chairman William C. Rhodes III sold 6,700 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $3,190.22, for a total value of $21,374,474.00. Following the sale, the chairman now owns 15,357 shares in the company, valued at $48,992,208.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Richard Craig Smith sold 3,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the vice president now directly owns 2,921 shares of the company’s stock, valued at $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. Company insiders own 2.50% of the company’s stock.

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.