AutoZone, Inc. $AZO Shares Sold by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt reduced its holdings in AutoZone, Inc. (NYSE:AZO) by 33.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,671 shares of the company’s stock after selling 1,360 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in AutoZone were worth $9,059,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in AZO. Turning Point Benefit Group Inc. acquired a new stake in AutoZone in the 3rd quarter valued at approximately $25,000. Torren Management LLC acquired a new stake in AutoZone in the 4th quarter valued at approximately $27,000. Newport Capital Group LLC acquired a new stake in AutoZone in the 4th quarter valued at approximately $35,000. Elevated Capital Advisors LLC acquired a new stake in AutoZone in the 4th quarter valued at approximately $37,000. Finally, Ares Financial Consulting LLC acquired a new stake in AutoZone in the 4th quarter valued at approximately $37,000. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on AZO shares. The Goldman Sachs Group lowered their target price on AutoZone from $4,345.00 to $4,096.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. DA Davidson lowered their target price on AutoZone from $4,300.00 to $3,750.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. Robert W. Baird lowered their target price on AutoZone from $3,900.00 to $3,600.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 27th. TD Cowen restated a “buy” rating and issued a $3,700.00 target price on shares of AutoZone in a research report on Thursday. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of AutoZone in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $4,040.87.

Insiders Place Their Bets

In other AutoZone news, Director Earl G. Graves, Jr. sold 50 shares of the stock in a transaction 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 transaction, the director directly owned 4,837 shares of the company’s stock, valued at approximately $16,826,568.64. This trade represents a 1.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Brian Hannasch acquired 165 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were bought at an average price of $2,987.00 per share, with a total value of $492,855.00. Following the transaction, the director directly owned 1,219 shares in the company, valued at approximately $3,641,153. The trade was a 15.65% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 2.60% of the company’s stock.

AutoZone Stock Performance

Shares of NYSE AZO opened at $3,082.70 on Friday. The stock has a fifty day moving average price of $3,399.22 and a two-hundred day moving average price of $3,543.31. The firm has a market cap of $50.80 billion, a P/E ratio of 21.19, a PEG ratio of 1.56 and a beta of 0.35. AutoZone, Inc. has a 1 year low of $2,928.11 and a 1 year high of $4,388.11.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, May 26th. The company reported $38.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $36.22 by $1.85. The firm had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.86 billion. AutoZone had a negative return on equity of 77.83% and a net margin of 12.40%.The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the company posted $35.36 EPS. On average, research analysts predict that AutoZone, Inc. will post 150.18 earnings per share for the current fiscal year.

AutoZone Profile

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.