AutoZone, Inc. $AZO Shares Sold by 12th Street Asset Management Company LLC

12th Street Asset Management Company LLC lessened its position in shares of AutoZone, Inc. (NYSE:AZO) by 2.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,626 shares of the company’s stock after selling 246 shares during the period. AutoZone makes up 4.8% of 12th Street Asset Management Company LLC’s holdings, making the stock its 9th biggest holding. 12th Street Asset Management Company LLC’s holdings in AutoZone were worth $29,255,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Banco Bilbao Vizcaya Argentaria S.A. raised its position in shares of AutoZone by 6.6% in the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,966 shares of the company’s stock worth $21,315,000 after acquiring an additional 306 shares in the last quarter. Summit Global Investments boosted its position in shares of AutoZone by 132.8% during the 3rd quarter. Summit Global Investments now owns 319 shares of the company’s stock valued at $1,369,000 after purchasing an additional 182 shares in the last quarter. Numerai GP LLC grew its stake in AutoZone by 1,199.3% during the third quarter. Numerai GP LLC now owns 1,754 shares of the company’s stock worth $7,525,000 after purchasing an additional 1,619 shares during the period. Foundations Investment Advisors LLC acquired a new stake in AutoZone during the third quarter worth approximately $678,000. Finally, Caprock Group LLC bought a new stake in AutoZone in the third quarter worth approximately $4,049,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on AZO shares. Roth Mkm dropped their price target on AutoZone from $4,650.00 to $4,526.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. UBS Group set a $4,800.00 price objective on shares of AutoZone in a research note on Tuesday, March 3rd. Morgan Stanley boosted their target price on shares of AutoZone from $4,000.00 to $4,020.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. The Goldman Sachs Group increased their target price on shares of AutoZone from $4,274.00 to $4,345.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Finally, Robert W. Baird cut shares of AutoZone from an “outperform” rating to a “neutral” rating and set a $3,900.00 price target for the company. in a report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $4,290.91.

AutoZone Trading Down 0.1%

AZO opened at $3,401.96 on Tuesday. AutoZone, Inc. has a 1-year low of $3,210.72 and a 1-year high of $4,388.11. The company has a market cap of $56.06 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 1.74 and a beta of 0.43. The company’s fifty day moving average price is $3,457.35 and its two-hundred day moving average price is $3,583.61.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, March 3rd. The company reported $27.63 EPS for the quarter, topping the consensus estimate of $27.59 by $0.04. AutoZone had a net margin of 12.47% and a negative return on equity of 72.31%. The company had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.31 billion. During the same period in the previous year, the firm posted $28.29 earnings per share. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, equities analysts forecast that AutoZone, Inc. will post 149.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In other AutoZone news, Director Earl G. Graves, Jr. sold 50 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $3,478.72, for a total transaction of $173,936.00. Following the completion of the sale, the director directly owned 4,837 shares of the company’s stock, valued at approximately $16,826,568.64. The trade was a 1.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate 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.