Vontobel Holding Ltd. Sells 5,835 Shares of AutoZone, Inc. $AZO

Vontobel Holding Ltd. cut its stake in shares of AutoZone, Inc. (NYSE:AZO) by 5.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 96,732 shares of the company’s stock after selling 5,835 shares during the quarter. AutoZone makes up approximately 1.0% of Vontobel Holding Ltd.’s holdings, making the stock its 27th biggest holding. Vontobel Holding Ltd.’s holdings in AutoZone were worth $328,067,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Turning Point Benefit Group Inc. purchased a new position in shares of AutoZone during the third quarter worth approximately $25,000. Torren Management LLC purchased a new position in shares of AutoZone during the fourth quarter worth approximately $27,000. MCF Advisors LLC increased its position in shares of AutoZone by 50.0% during the fourth quarter. MCF Advisors LLC now owns 9 shares of the company’s stock worth $31,000 after acquiring an additional 3 shares during the period. Newport Capital Group LLC purchased a new position in shares of AutoZone during the fourth quarter worth approximately $35,000. Finally, Elevated Capital Advisors LLC bought a new stake in shares of AutoZone in the 4th quarter valued at about $37,000. 92.74% of the stock is owned by hedge funds and other institutional investors.

AutoZone Stock Up 0.9%

NYSE AZO opened at $3,110.16 on Friday. The firm has a market cap of $51.26 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 1.56 and a beta of 0.35. The company has a 50 day moving average price of $3,367.14 and a 200 day moving average price of $3,514.38. AutoZone, Inc. has a 52 week low of $2,928.11 and a 52 week high of $4,388.11.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, May 26th. The company reported $38.07 EPS for the quarter, topping the consensus estimate of $36.22 by $1.85. The firm had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.86 billion. AutoZone had a net margin of 12.40% and a negative return on equity of 80.35%. AutoZone’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $35.36 EPS. On average, equities research analysts anticipate that AutoZone, Inc. will post 150.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AZO shares. Oppenheimer restated an “outperform” rating and issued a $4,300.00 price target (up from $4,150.00) on shares of AutoZone in a report on Tuesday, March 10th. Weiss Ratings upgraded shares of AutoZone from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Truist Financial set a $3,700.00 price target on shares of AutoZone in a report on Wednesday, May 27th. DA Davidson reduced their price target on shares of AutoZone from $4,300.00 to $3,750.00 and set a “buy” rating for the company in a report on Wednesday, May 27th. Finally, Morgan Stanley reduced their price target on shares of AutoZone from $4,020.00 to $3,605.00 and set an “overweight” rating for the company in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, AutoZone has a consensus rating of “Moderate Buy” and a consensus price target of $4,040.87.

Insider Activity at AutoZone

In related news, Director Earl G. Graves, Jr. sold 50 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $3,478.72, for a total transaction of $173,936.00. Following the completion of the transaction, the director owned 4,837 shares in the company, valued at $16,826,568.64. The trade was a 1.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Brian Hannasch acquired 165 shares of AutoZone stock in a transaction that occurred on Friday, May 29th. The shares were purchased at an average price of $2,987.00 per share, with a total value of $492,855.00. Following the purchase, the director owned 1,219 shares in the company, valued at $3,641,153. This represents a 15.65% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 2.60% of the company’s stock.

About AutoZone

AutoZone, Inc (NYSE: AZO) is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.

AutoZone serves both do‑it‑yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.