AutoZone, Inc. (NYSE:AZO) SVP K. Michelle Borninkhof Sells 136 Shares

AutoZone, Inc. (NYSE:AZO) SVP K. Michelle Borninkhof sold 136 shares of AutoZone stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $3,550.08, for a total value of $482,810.88. Following the completion of the transaction, the senior vice president now directly owns 403 shares of the company’s stock, valued at approximately $1,430,682.24. This represents a 25.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

AutoZone Stock Down 0.2 %

NYSE:AZO opened at $3,538.59 on Friday. The stock’s 50 day moving average price is $3,395.79 and its 200 day moving average price is $3,240.97. The company has a market capitalization of $59.38 billion, a PE ratio of 23.64, a P/E/G ratio of 1.86 and a beta of 0.71. AutoZone, Inc. has a 52-week low of $2,728.97 and a 52-week high of $3,704.43.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share for the quarter, missing the consensus estimate of $29.11 by ($0.82). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The company had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.98 billion. As a group, sell-side analysts anticipate that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. DA Davidson lifted their price target on AutoZone from $3,350.00 to $3,500.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 5th. Roth Capital set a $3,763.00 price target on AutoZone in a research report on Wednesday, March 5th. Guggenheim lifted their price target on AutoZone from $3,750.00 to $3,850.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Barclays boosted their target price on AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Finally, Morgan Stanley boosted their target price on AutoZone from $3,490.00 to $3,750.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $3,651.91.

Institutional Trading of AutoZone

Several hedge funds have recently modified their holdings of AZO. Proficio Capital Partners LLC raised its holdings in AutoZone by 482,040.2% during the fourth quarter. Proficio Capital Partners LLC now owns 419,462 shares of the company’s stock worth $1,343,117,000 after purchasing an additional 419,375 shares during the last quarter. Norges Bank acquired a new position in AutoZone during the fourth quarter worth $834,556,000. Strategic Financial Concepts LLC acquired a new position in AutoZone during the fourth quarter worth $471,629,000. Wealthfront Advisers LLC raised its holdings in AutoZone by 6,083.9% during the fourth quarter. Wealthfront Advisers LLC now owns 90,656 shares of the company’s stock worth $290,281,000 after purchasing an additional 89,190 shares during the last quarter. Finally, Barclays PLC raised its holdings in AutoZone by 82.6% during the fourth quarter. Barclays PLC now owns 170,216 shares of the company’s stock worth $545,033,000 after purchasing an additional 77,015 shares during the last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.

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.