AutoZone, Inc. (NYSE:AZO) Stock Holdings Increased by Moors & Cabot Inc.

Moors & Cabot Inc. grew its position in shares of AutoZone, Inc. (NYSE:AZO) by 38.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 137 shares of the company’s stock after buying an additional 38 shares during the period. Moors & Cabot Inc.’s holdings in AutoZone were worth $439,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Darwin Wealth Management LLC bought a new position in AutoZone during the third quarter worth $47,000. Crews Bank & Trust acquired a new stake in shares of AutoZone during the 4th quarter worth approximately $61,000. McIlrath & Eck LLC raised its position in shares of AutoZone by 25.0% during the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after purchasing an additional 4 shares during the period. Whipplewood Advisors LLC bought a new stake in shares of AutoZone in the 4th quarter worth approximately $67,000. Finally, Providence First Trust Co acquired a new position in AutoZone during the 4th quarter valued at approximately $80,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Stock Up 0.2 %

Shares of AutoZone stock opened at $3,553.69 on Friday. AutoZone, Inc. has a 12-month low of $2,728.97 and a 12-month high of $3,704.43. The firm has a market capitalization of $59.64 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 1.86 and a beta of 0.71. The stock’s fifty day moving average is $3,401.49 and its 200-day moving average is $3,244.10.

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

Insider Activity at AutoZone

In related news, SVP Bailey L. Childress sold 160 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the transaction, the senior vice president now directly owns 50 shares of the company’s stock, valued at approximately $177,500. The trade was a 76.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Dennis W. Leriche sold 1,575 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was 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 owns 417 shares of the company’s stock, valued at $1,501,200. The trade was a 79.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,871 shares of company stock worth $6,720,811. 2.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AZO has been the topic of several analyst reports. Truist Financial increased their target price on AutoZone from $3,753.00 to $3,841.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. DA Davidson upped their target price on shares of AutoZone from $3,350.00 to $3,500.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 5th. Citigroup lifted their price target on AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. BMO Capital Markets increased their price objective on AutoZone from $3,700.00 to $3,850.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Finally, Evercore ISI raised their target price on AutoZone from $3,525.00 to $3,700.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, AutoZone has an average rating of “Moderate Buy” and an average price target of $3,651.91.

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.