K. Michelle Borninkhof Sells 136 Shares of AutoZone, Inc. (NYSE:AZO) Stock

AutoZone, Inc. (NYSE:AZO) SVP K. Michelle Borninkhof sold 136 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $3,550.08, for a total value of $482,810.88. Following the completion of the sale, the senior vice president now directly owns 403 shares of the company’s stock, valued at $1,430,682.24. The trade was a 25.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

AutoZone Trading Down 0.2 %

AZO traded down $8.54 during trading hours on Thursday, hitting $3,538.59. The company’s stock had a trading volume of 158,430 shares, compared to its average volume of 127,373. AutoZone, Inc. has a fifty-two week low of $2,728.97 and a fifty-two week high of $3,704.43. The firm has a market capitalization of $59.38 billion, a PE ratio of 23.64, a PEG ratio of 1.86 and a beta of 0.71. The company has a 50-day simple moving average of $3,390.02 and a 200 day simple moving average of $3,238.89.

AutoZone (NYSE:AZO) last posted 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). 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 during the quarter, compared to analyst estimates of $3.98 billion. Research analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wells Fargo & Company increased their price target on AutoZone from $3,750.00 to $3,850.00 and gave the company an “overweight” rating in a report on Wednesday, March 5th. Truist Financial increased their price target on AutoZone from $3,753.00 to $3,841.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Morgan Stanley increased their price target on AutoZone from $3,490.00 to $3,750.00 and gave the company an “overweight” rating in a report on Wednesday, March 5th. TD Cowen increased their price target on AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, Barclays increased their price target on AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, AutoZone has a consensus rating of “Moderate Buy” and a consensus target price of $3,651.91.

Institutional Trading of AutoZone

Large investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. increased its position in AutoZone by 18.1% in the 3rd 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 during the period. The Manufacturers Life Insurance Company boosted its stake in AutoZone by 186.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company’s stock valued at $292,544,000 after purchasing an additional 60,483 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in AutoZone by 29.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 34,808 shares of the company’s stock valued at $111,455,000 after purchasing an additional 7,922 shares in the last quarter. Silverleafe Capital Partners LLC boosted its stake in AutoZone by 1.0% during 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. Finally, Mizuho Securities USA LLC boosted its stake in AutoZone by 592.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 9,210 shares of the company’s stock valued at $29,012,000 after purchasing an additional 7,879 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.

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.