AutoZone, Inc. (NYSE:AZO) Shares Sold by Silverleafe Capital Partners LLC

Silverleafe Capital Partners LLC trimmed its stake in shares of AutoZone, Inc. (NYSE:AZO) by 0.8% in the first quarter, Holdings Channel reports. The fund owned 2,622 shares of the company’s stock after selling 20 shares during the period. AutoZone accounts for about 3.4% of Silverleafe Capital Partners LLC’s portfolio, making the stock its 9th biggest position. Silverleafe Capital Partners LLC’s holdings in AutoZone were worth $9,996,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in AZO. Headlands Technologies LLC acquired a new stake in shares of AutoZone in the 4th quarter valued at approximately $29,000. Flagship Wealth Advisors LLC purchased a new stake in shares of AutoZone in the fourth quarter valued at $32,000. Harbour Investments Inc. grew its position in shares of AutoZone by 42.9% in the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock valued at $32,000 after purchasing an additional 3 shares during the period. Minot DeBlois Advisors LLC purchased a new stake in shares of AutoZone in the fourth quarter valued at $45,000. Finally, Itau Unibanco Holding S.A. boosted its holdings in AutoZone by 750.0% in the fourth quarter. Itau Unibanco Holding S.A. now owns 17 shares of the company’s stock valued at $54,000 after acquiring an additional 15 shares during the last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the company. Raymond James Financial restated a “strong-buy” rating on shares of AutoZone in a research note on Wednesday, May 28th. Wedbush reissued an “outperform” rating and issued a $3,700.00 price objective on shares of AutoZone in a report on Wednesday, March 5th. Mizuho boosted their price objective on AutoZone from $3,600.00 to $3,740.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. Roth Capital set a $4,135.00 target price on AutoZone and gave the company a “buy” rating in a report on Monday, June 2nd. Finally, Truist Financial set a $3,995.00 price objective on AutoZone in a report on Friday, May 23rd. Two analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $4,072.24.

Insider Activity

In related news, VP Domingo Hurtado sold 4,800 shares of the business’s stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $3,660.00, for a total value of $17,568,000.00. Following the sale, the vice president now directly owns 159 shares of the company’s stock, valued at approximately $581,940. The trade was a 96.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Philip B. Daniele sold 2,000 shares of the business’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $3,800.01, for a total transaction of $7,600,020.00. Following the completion of the sale, the chief executive officer now directly owns 163 shares in the company, valued at $619,401.63. This represents a 92.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,912 shares of company stock valued at $136,901,262 in the last quarter. Company insiders own 2.10% of the company’s stock.

AutoZone Stock Down 0.1%

Shares of AZO opened at $3,599.90 on Thursday. AutoZone, Inc. has a 12 month low of $2,801.49 and a 12 month high of $3,916.81. The company has a 50-day moving average price of $3,699.42 and a two-hundred day moving average price of $3,515.58. The stock has a market cap of $60.41 billion, a price-to-earnings ratio of 24.36, a P/E/G ratio of 2.16 and a beta of 0.40.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, May 27th. The company reported $35.36 earnings per share for the quarter, missing analysts’ consensus estimates of $37.07 by ($1.71). The company had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.41 billion. AutoZone had a net margin of 13.56% and a negative return on equity of 56.07%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $36.69 EPS. Equities research analysts expect that AutoZone, Inc. will post 152.94 EPS for the current fiscal 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.