AutoZone, Inc. (NYSE:AZO) Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC lowered its stake in shares of AutoZone, Inc. (NYSE:AZO) by 1.0% during the fourth quarter, Holdings Channel reports. The fund owned 6,687 shares of the company’s stock after selling 67 shares during the quarter. Trillium Asset Management LLC’s holdings in AutoZone were worth $21,413,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Pittenger & Anderson Inc. raised its holdings in shares of AutoZone by 5.2% in the 4th quarter. Pittenger & Anderson Inc. now owns 61 shares of the company’s stock worth $195,000 after purchasing an additional 3 shares during the period. Sound View Wealth Advisors Group LLC raised its holdings in shares of AutoZone by 2.0% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 152 shares of the company’s stock worth $487,000 after purchasing an additional 3 shares during the period. PDS Planning Inc raised its holdings in shares of AutoZone by 2.3% in the 4th quarter. PDS Planning Inc now owns 132 shares of the company’s stock worth $423,000 after purchasing an additional 3 shares during the period. Harbour Investments Inc. raised its holdings in shares of AutoZone by 42.9% in the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock worth $32,000 after purchasing an additional 3 shares during the period. Finally, Moors & Cabot Inc. raised its holdings in shares of AutoZone by 4.2% in the 3rd quarter. Moors & Cabot Inc. now owns 99 shares of the company’s stock worth $312,000 after purchasing an additional 4 shares during the period. Institutional investors and hedge funds own 92.74% of the company’s stock.

Insider Transactions at AutoZone

In other news, SVP Bailey L. Childress sold 160 shares of AutoZone stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total value of $568,000.00. Following the completion of the transaction, the senior vice president now owns 50 shares in the company, valued at approximately $177,500. This trade represents a 76.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Dennis W. Leriche sold 1,575 shares of AutoZone stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $3,600.00, for a total value of $5,670,000.00. Following the completion of the transaction, the vice president now owns 417 shares of the company’s stock, valued at approximately $1,501,200. The trade was a 79.07 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,871 shares of company stock worth $6,720,811. 2.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AZO. Morgan Stanley raised their price objective on AutoZone from $3,490.00 to $3,750.00 and gave the stock an “overweight” rating in a report on Wednesday, March 5th. UBS Group raised their target price on AutoZone from $3,875.00 to $4,025.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Citigroup raised their target price on AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Guggenheim raised their target price on AutoZone from $3,750.00 to $3,850.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Finally, Truist Financial raised their target price on AutoZone from $3,753.00 to $3,841.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, AutoZone presently has an average rating of “Moderate Buy” and an average target price of $3,651.91.

AutoZone Trading Down 0.3 %

Shares of AZO opened at $3,611.51 on Wednesday. The firm has a market cap of $60.61 billion, a price-to-earnings ratio of 24.13, a PEG ratio of 1.86 and a beta of 0.71. The stock has a 50 day moving average of $3,415.14 and a 200-day moving average of $3,250.39. AutoZone, Inc. has a 52 week low of $2,728.97 and a 52 week high of $3,704.43.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing the consensus estimate of $29.11 by ($0.82). The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.98 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. On average, sell-side analysts predict 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.