Simon Quick Advisors LLC Grows Holdings in AutoZone, Inc. (NYSE:AZO)

Simon Quick Advisors LLC increased its position in shares of AutoZone, Inc. (NYSE:AZO) by 7.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 353 shares of the company’s stock after buying an additional 23 shares during the period. Simon Quick Advisors LLC’s holdings in AutoZone were worth $1,346,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in AutoZone by 14.4% during the 4th quarter. Brighton Jones LLC now owns 111 shares of the company’s stock worth $356,000 after acquiring an additional 14 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in AutoZone during the 4th quarter worth $10,030,000. Stratos Wealth Partners LTD. grew its holdings in AutoZone by 4.0% during the 4th quarter. Stratos Wealth Partners LTD. now owns 129 shares of the company’s stock worth $413,000 after acquiring an additional 5 shares in the last quarter. Empowered Funds LLC grew its holdings in AutoZone by 20.7% during the 4th quarter. Empowered Funds LLC now owns 1,828 shares of the company’s stock worth $5,853,000 after acquiring an additional 314 shares in the last quarter. Finally, Savant Capital LLC grew its holdings in AutoZone by 2.7% during the 4th quarter. Savant Capital LLC now owns 811 shares of the company’s stock worth $2,596,000 after acquiring an additional 21 shares in the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Stock Down 1.6%

AutoZone stock opened at $3,655.89 on Thursday. The firm has a 50-day moving average price of $3,689.09 and a two-hundred day moving average price of $3,499.76. The firm has a market capitalization of $61.35 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 1.86 and a beta of 0.40. AutoZone, Inc. has a 52-week low of $2,792.14 and a 52-week high of $3,916.81.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, May 27th. The company reported $35.36 earnings per share for the quarter, missing analysts’ consensus estimates of $37.07 by ($1.71). The company had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.41 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the company posted $36.69 earnings per share. Research analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Insider Transactions at AutoZone

In related news, VP Domingo Hurtado sold 4,800 shares of the firm’s stock in a transaction dated Tuesday, April 22nd. The stock was sold at an average price of $3,660.00, for a total transaction of $17,568,000.00. Following the completion of the transaction, the vice president now owns 159 shares of the company’s stock, valued at $581,940. This trade represents a 96.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Richard Craig Smith sold 2,850 shares of the firm’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $3,610.00, for a total value of $10,288,500.00. Following the transaction, the vice president now directly owns 2,924 shares of the company’s stock, valued at $10,555,640. This represents a 49.36% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 12,262 shares of company stock valued at $45,194,187. Company insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on AZO. Mizuho raised their price objective on shares of AutoZone from $3,600.00 to $3,740.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Argus lowered shares of AutoZone from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. Roth Capital set a $4,135.00 price target on shares of AutoZone and gave the company a “buy” rating in a report on Monday, June 2nd. Truist Financial set a $3,995.00 price target on shares of AutoZone in a report on Friday, May 23rd. Finally, Oppenheimer raised shares of AutoZone from a “market perform” rating to an “outperform” rating and set a $4,600.00 price target for the company in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, AutoZone currently has a consensus rating of “Buy” and a consensus target price of $4,072.24.

AutoZone 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.