WINTON GROUP Ltd Makes New $410,000 Investment in AutoZone, Inc. (NYSE:AZO)

WINTON GROUP Ltd bought a new stake in shares of AutoZone, Inc. (NYSE:AZO) in the 4th quarter, Holdings Channel reports. The fund bought 128 shares of the company’s stock, valued at approximately $410,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Franklin Resources Inc. raised its holdings in AutoZone by 18.1% in the third quarter. Franklin Resources Inc. now owns 44,946 shares of the company’s stock valued at $141,717,000 after acquiring an additional 6,898 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of AutoZone by 29.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 34,808 shares of the company’s stock worth $111,455,000 after purchasing an additional 7,922 shares during the last quarter. Silverleafe Capital Partners LLC raised its stake in shares of AutoZone by 1.0% in the 4th quarter. Silverleafe Capital Partners LLC now owns 2,642 shares of the company’s stock valued at $8,460,000 after purchasing an additional 26 shares in the last quarter. Pensionfund Sabic lifted its position in shares of AutoZone by 51.3% during the fourth quarter. Pensionfund Sabic now owns 590 shares of the company’s stock worth $1,889,000 after purchasing an additional 200 shares during the last quarter. Finally, Fisher Asset Management LLC acquired a new position in AutoZone in the fourth quarter worth about $228,000. 92.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AZO shares. Roth Mkm upped their price objective on AutoZone from $3,634.00 to $3,763.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Truist Financial raised their price objective on AutoZone from $3,753.00 to $3,841.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Mizuho boosted their target price on shares of AutoZone from $3,600.00 to $3,740.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Raymond James reissued a “strong-buy” rating on shares of AutoZone in a report on Wednesday, March 5th. Finally, Roth Capital set a $3,763.00 price target on shares of AutoZone in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, sixteen have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $3,683.36.

Insiders Place Their Bets

In other AutoZone news, VP Dennis W. Leriche sold 1,575 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $3,600.00, for a total value of $5,670,000.00. Following the sale, the vice president now directly owns 417 shares in the company, valued at approximately $1,501,200. The trade was a 79.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Philip B. Daniele sold 2,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 163 shares of the company’s stock, valued at approximately $619,401.63. This trade represents a 92.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,721 shares of company stock worth $24,609,331 over the last ninety days. Company insiders own 2.10% of the company’s stock.

AutoZone Stock Down 1.5 %

Shares of NYSE AZO opened at $3,769.72 on Monday. The stock has a market cap of $63.26 billion, a P/E ratio of 25.19, a P/E/G ratio of 1.86 and a beta of 0.71. The firm’s 50-day simple moving average is $3,483.80 and its 200 day simple moving average is $3,280.69. AutoZone, Inc. has a fifty-two week low of $2,728.97 and a fifty-two week high of $3,838.00.

AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing analysts’ consensus estimates of $29.11 by ($0.82). The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate 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 anticipate that AutoZone, Inc. will post 152.94 earnings per share 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.