AutoZone, Inc. (NYSE:AZO) Shares Bought by RWA Wealth Partners LLC

RWA Wealth Partners LLC lifted its position in shares of AutoZone, Inc. (NYSE:AZO) by 17.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 597 shares of the company’s stock after buying an additional 88 shares during the quarter. RWA Wealth Partners LLC’s holdings in AutoZone were worth $1,912,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Flagship Wealth Advisors LLC purchased a new position in AutoZone during the 4th quarter valued at about $32,000. Harbour Investments Inc. increased its stake in shares of AutoZone by 42.9% during the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock worth $32,000 after purchasing an additional 3 shares in the last quarter. Crews Bank & Trust acquired a new position in shares of AutoZone during the 4th quarter worth approximately $61,000. McIlrath & Eck LLC lifted its stake in AutoZone by 25.0% in 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, Whipplewood Advisors LLC acquired a new stake in AutoZone during the 4th quarter valued at $67,000. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AZO. Mizuho boosted their price target on AutoZone from $3,600.00 to $3,740.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Roth Mkm upped their target price on shares of AutoZone from $3,634.00 to $3,763.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. DA Davidson upgraded shares of AutoZone from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $3,500.00 to $4,192.00 in a report on Friday, March 21st. Morgan Stanley boosted their price objective on shares of AutoZone from $3,490.00 to $3,750.00 and gave the company an “overweight” rating in a research report on Wednesday, March 5th. Finally, BMO Capital Markets raised their target price on shares of AutoZone from $3,700.00 to $3,850.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have assigned a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $3,683.36.

AutoZone Price Performance

AutoZone stock opened at $3,821.72 on Tuesday. AutoZone, Inc. has a 12 month low of $2,728.97 and a 12 month high of $3,842.82. The company has a market cap of $64.14 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 1.86 and a beta of 0.71. The stock’s 50-day moving average is $3,495.81 and its 200-day moving average is $3,285.75.

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

Insider Buying and Selling

In related news, VP Dennis W. Leriche sold 1,575 shares of the business’s 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 transaction of $5,670,000.00. Following the transaction, the vice president now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Bailey L. Childress sold 160 shares of the 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 completion of the sale, the senior vice president now directly owns 50 shares of the company’s stock, valued at $177,500. This trade represents a 76.19 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 6,721 shares of company stock valued at $24,609,331. Company insiders own 2.10% of the company’s stock.

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.