Insider Selling: AutoZone, Inc. (NYSE:AZO) SVP Sells 136 Shares of Stock

AutoZone, Inc. (NYSE:AZO) SVP K. Michelle Borninkhof sold 136 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $3,550.08, for a total transaction of $482,810.88. Following the sale, the senior vice president now directly owns 403 shares of the company’s stock, valued at approximately $1,430,682.24. The trade was a 25.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

AutoZone Price Performance

NYSE:AZO opened at $3,553.69 on Friday. The business’s 50-day simple moving average is $3,401.49 and its 200-day simple moving average is $3,243.69. AutoZone, Inc. has a fifty-two week low of $2,728.97 and a fifty-two week high of $3,704.43. The stock has a market capitalization of $59.64 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 1.86 and a beta of 0.71.

AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $3.98 billion. On average, research analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Barclays raised their price target on AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Mizuho raised their target price on AutoZone from $3,600.00 to $3,740.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. BMO Capital Markets upped their price target on shares of AutoZone from $3,700.00 to $3,850.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Morgan Stanley raised their price objective on shares of AutoZone from $3,490.00 to $3,750.00 and gave the company an “overweight” rating in a research report on Wednesday, March 5th. Finally, UBS Group upped their target price on shares of AutoZone from $3,875.00 to $4,025.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $3,651.91.

Hedge Funds Weigh In On AutoZone

A number of large investors have recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. boosted its position in shares of AutoZone by 5.2% during the fourth quarter. Pittenger & Anderson Inc. now owns 61 shares of the company’s stock worth $195,000 after buying an additional 3 shares during the period. Sound View Wealth Advisors Group LLC lifted its stake in AutoZone by 2.0% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 152 shares of the company’s stock valued at $487,000 after acquiring an additional 3 shares in the last quarter. PDS Planning Inc boosted its position in AutoZone by 2.3% during the 4th quarter. PDS Planning Inc now owns 132 shares of the company’s stock worth $423,000 after acquiring an additional 3 shares during the last quarter. Harbour Investments Inc. raised its holdings in shares of AutoZone by 42.9% in the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock valued at $32,000 after purchasing an additional 3 shares during the last quarter. Finally, Meeder Advisory Services Inc. raised its holdings in shares of AutoZone by 0.8% in the fourth quarter. Meeder Advisory Services Inc. now owns 371 shares of the company’s stock valued at $1,188,000 after purchasing an additional 3 shares during the last quarter. Institutional investors own 92.74% of the company’s stock.

About AutoZone

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.