AutoZone, Inc. (NYSE:AZO) Shares Bought by Buckhead Capital Management LLC

Buckhead Capital Management LLC grew its position in shares of AutoZone, Inc. (NYSE:AZO) by 14.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,652 shares of the company’s stock after purchasing an additional 203 shares during the period. AutoZone makes up about 1.6% of Buckhead Capital Management LLC’s holdings, making the stock its 22nd largest holding. Buckhead Capital Management LLC’s holdings in AutoZone were worth $4,271,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in AZO. Brighton Jones LLC acquired a new stake in shares of AutoZone in the fourth quarter valued at $248,000. Epic Trust Investment Advisors LLC raised its stake in AutoZone by 15.7% in the fourth quarter. Epic Trust Investment Advisors LLC now owns 118 shares of the company’s stock valued at $305,000 after buying an additional 16 shares in the last quarter. Cozad Asset Management Inc. raised its stake in AutoZone by 11.4% in the fourth quarter. Cozad Asset Management Inc. now owns 195 shares of the company’s stock valued at $504,000 after buying an additional 20 shares in the last quarter. Choreo LLC acquired a new stake in AutoZone in the fourth quarter valued at $499,000. Finally, Marco Investment Management LLC raised its stake in AutoZone by 1.0% in the fourth quarter. Marco Investment Management LLC now owns 2,015 shares of the company’s stock valued at $5,210,000 after buying an additional 19 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.

AutoZone Trading Down 0.3 %

Shares of NYSE:AZO traded down $9.59 during midday trading on Wednesday, hitting $2,946.81. The stock had a trading volume of 95,197 shares, compared to its average volume of 153,550. The company has a market capitalization of $51.04 billion, a PE ratio of 20.72, a P/E/G ratio of 1.49 and a beta of 0.70. The stock has a 50 day moving average price of $3,039.60 and a two-hundred day moving average price of $2,781.38. AutoZone, Inc. has a 1 year low of $2,277.88 and a 1 year high of $3,256.37.

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

Insider Buying and Selling

In other news, Chairman William C. Rhodes III sold 6,700 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $3,190.22, for a total value of $21,374,474.00. Following the completion of the transaction, the chairman now owns 15,357 shares of the company’s stock, valued at $48,992,208.54. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Chairman William C. Rhodes III sold 6,700 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $3,190.22, for a total value of $21,374,474.00. Following the completion of the sale, the chairman now directly owns 15,357 shares in the company, valued at $48,992,208.54. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Eric S. Gould sold 2,100 shares of the business’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 sale, the vice president now owns 910 shares of the company’s stock, valued at $2,912,000. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,990 shares of company stock valued at $50,335,193. Corporate insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

AZO has been the topic of a number of analyst reports. Mizuho initiated coverage on AutoZone in a research note on Tuesday, March 19th. They issued a “buy” rating and a $3,450.00 price target on the stock. UBS Group raised their price target on AutoZone from $3,100.00 to $3,425.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Wedbush raised their price target on AutoZone from $2,950.00 to $3,400.00 and gave the company an “outperform” rating in a research note on Wednesday, February 28th. Evercore ISI reduced their target price on AutoZone from $3,400.00 to $3,346.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Finally, Truist Financial raised their price target on AutoZone from $3,363.00 to $3,523.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.