Magnolia Capital Advisors LLC Makes New $267,000 Investment in AutoZone, Inc. (NYSE:AZO)

Magnolia Capital Advisors LLC acquired a new stake in shares of AutoZone, Inc. (NYSE:AZO) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 94 shares of the company’s stock, valued at approximately $267,000.

A number of other institutional investors and hedge funds have also modified their holdings of AZO. Rock Creek Group LP bought a new stake in AutoZone in the 3rd quarter valued at $25,000. ORG Partners LLC bought a new stake in AutoZone in the third quarter valued at about $43,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in AutoZone in the third quarter worth about $51,000. Turtle Creek Wealth Advisors LLC bought a new position in AutoZone during the fourth quarter worth about $54,000. Finally, Steward Financial Group LLC boosted its holdings in AutoZone by 66.7% during the third quarter. Steward Financial Group LLC now owns 25 shares of the company’s stock valued at $63,000 after purchasing an additional 10 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors.

AutoZone Trading Up 0.9 %

Shares of AZO stock traded up $27.47 on Wednesday, reaching $2,988.51. The company had a trading volume of 103,672 shares, compared to its average volume of 154,312. The stock has a market cap of $51.76 billion, a PE ratio of 21.04, a PEG ratio of 1.47 and a beta of 0.70. The company has a 50-day moving average of $3,020.17 and a 200-day moving average of $2,768.74. AutoZone, Inc. has a 12 month low of $2,277.88 and a 12 month high of $3,256.37.

AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $28.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $26.08 by $2.81. The company had revenue of $3.86 billion during the quarter, compared to analyst estimates of $4.32 billion. AutoZone had a net margin of 14.70% and a negative return on equity of 56.06%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $24.64 EPS. Sell-side analysts anticipate that AutoZone, Inc. will post 152.4 earnings per share for the current year.

Insider Buying and Selling at AutoZone

In related news, VP Richard Craig Smith sold 3,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $2,997.76, for a total value of $8,993,280.00. Following the sale, the vice president now directly owns 2,921 shares of the company’s stock, valued at approximately $8,756,456.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Eric S. Gould sold 2,100 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $3,200.00, for a total transaction of $6,720,000.00. Following the completion of the transaction, the vice president now directly owns 910 shares of the company’s stock, valued at approximately $2,912,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Richard Craig Smith sold 3,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $2,997.76, for a total transaction of $8,993,280.00. Following the completion of the sale, the vice president now directly owns 2,921 shares in the company, valued at approximately $8,756,456.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,990 shares of company stock valued at $50,335,193. 2.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AZO shares. Mizuho started coverage on AutoZone in a report on Tuesday, March 19th. They issued a “buy” rating and a $3,450.00 target price for the company. DA Davidson boosted their target price on shares of AutoZone from $2,770.00 to $3,025.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. JPMorgan Chase & Co. boosted their price target on shares of AutoZone from $3,000.00 to $3,200.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. StockNews.com cut shares of AutoZone from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. Finally, Evercore ISI decreased their price target on AutoZone from $3,400.00 to $3,346.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $3,086.61.

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.