Callan Family Office LLC Grows Position in AutoZone, Inc. (NYSE:AZO)

Callan Family Office LLC boosted its stake in shares of AutoZone, Inc. (NYSE:AZO) by 135.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 773 shares of the company’s stock after buying an additional 445 shares during the quarter. Callan Family Office LLC’s holdings in AutoZone were worth $2,475,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in AutoZone during the 3rd quarter valued at about $36,000. Darwin Wealth Management LLC bought a new stake in AutoZone during the 3rd quarter valued at about $47,000. Crews Bank & Trust bought a new stake in AutoZone during the 4th quarter valued at about $61,000. McIlrath & Eck LLC lifted its holdings in AutoZone by 25.0% during the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after buying an additional 4 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in AutoZone during the 3rd quarter valued at about $66,000. Institutional investors own 92.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AZO shares. UBS Group lifted their price objective on shares of AutoZone from $3,875.00 to $4,025.00 and gave the company a “buy” rating in a report on Wednesday. Guggenheim boosted their price target on shares of AutoZone from $3,750.00 to $3,850.00 and gave the company a “buy” rating in a report on Wednesday. Bank of America boosted their price target on shares of AutoZone from $3,600.00 to $3,700.00 and gave the company a “neutral” rating in a report on Wednesday. Argus lowered shares of AutoZone from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Wells Fargo & Company boosted their price target on shares of AutoZone from $3,750.00 to $3,850.00 and gave the company an “overweight” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $3,646.62.

Insiders Place Their Bets

In other AutoZone news, SVP Bailey L. Childress sold 160 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the sale, the senior vice president now owns 50 shares of the company’s stock, valued at approximately $177,500. The trade was a 76.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.10% of the stock is owned by insiders.

AutoZone Stock Up 0.1 %

NYSE AZO opened at $3,620.28 on Friday. The firm has a market cap of $60.76 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of 1.86 and a beta of 0.71. The company has a 50 day moving average price of $3,365.96 and a 200 day moving average price of $3,229.56. AutoZone, Inc. has a 52 week low of $2,728.97 and a 52 week high of $3,636.96.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share for the quarter, missing the consensus estimate of $29.11 by ($0.82). The company had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.98 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. On average, equities research analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

AutoZone Company 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.