Trillium Asset Management LLC Takes $6.59 Million Position in AutoZone, Inc. (NYSE:AZO)

Trillium Asset Management LLC bought a new stake in AutoZone, Inc. (NYSE:AZO) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,092 shares of the company’s stock, valued at approximately $6,594,000.

Other institutional investors have also modified their holdings of the company. Rise Advisors LLC acquired a new stake in shares of AutoZone in the first quarter valued at about $32,000. Riverview Trust Co acquired a new position in AutoZone during the first quarter worth about $41,000. Turtle Creek Wealth Advisors LLC acquired a new position in AutoZone during the fourth quarter worth about $54,000. Private Wealth Management Group LLC acquired a new position in AutoZone during the fourth quarter worth about $54,000. Finally, Quarry LP acquired a new position in AutoZone during the fourth quarter worth about $70,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

Insider Buying and Selling at AutoZone

In other news, VP Jenna M. Bedsole acquired 36 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were bought at an average cost of $2,757.10 per share, with a total value of $99,255.60. Following the transaction, the vice president now owns 36 shares in the company, valued at approximately $99,255.60. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.50% of the company’s stock.

AutoZone Trading Up 1.0 %

AZO traded up $28.46 during trading hours on Friday, hitting $2,954.81. 90,239 shares of the company’s stock were exchanged, compared to its average volume of 149,307. AutoZone, Inc. has a 12-month low of $2,375.35 and a 12-month high of $3,256.37. The firm has a 50 day moving average of $2,871.08 and a 200 day moving average of $2,888.87. The firm has a market cap of $50.47 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 1.50 and a beta of 0.71.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, May 21st. The company reported $36.69 earnings per share for the quarter, topping the consensus estimate of $35.67 by $1.02. AutoZone had a net margin of 14.60% and a negative return on equity of 54.58%. The firm had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the firm earned $34.12 EPS. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, research analysts expect that AutoZone, Inc. will post 151.57 EPS for the current fiscal year.

Analysts Set New Price Targets

AZO has been the topic of a number of recent research reports. UBS Group lowered their price target on shares of AutoZone from $3,465.00 to $3,340.00 and set a “buy” rating on the stock in a research report on Wednesday, May 22nd. Wolfe Research lowered their price target on shares of AutoZone from $3,150.00 to $3,000.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 22nd. Guggenheim boosted their target price on shares of AutoZone from $3,150.00 to $3,225.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Oppenheimer reiterated a “market perform” rating and issued a $2,600.00 target price on shares of AutoZone in a report on Wednesday, June 26th. Finally, Truist Financial decreased their target price on shares of AutoZone from $3,523.00 to $3,394.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $3,112.71.

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.