AutoZone, Inc. (NYSE:AZO) Shares Sold by Terra Nova Asset Management LLC

Terra Nova Asset Management LLC decreased its holdings in AutoZone, Inc. (NYSE:AZO) by 1.0% in the 4th quarter, HoldingsChannel reports. The firm owned 1,083 shares of the company’s stock after selling 11 shares during the quarter. AutoZone makes up 2.5% of Terra Nova Asset Management LLC’s holdings, making the stock its 10th biggest holding. Terra Nova Asset Management LLC’s holdings in AutoZone were worth $2,800,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in AZO. Rosenberg Matthew Hamilton lifted its stake in AutoZone by 8.2% in the third quarter. Rosenberg Matthew Hamilton now owns 53 shares of the company’s stock worth $135,000 after acquiring an additional 4 shares during the last quarter. CWM LLC raised its holdings in AutoZone by 1.3% during the third quarter. CWM LLC now owns 301 shares of the company’s stock worth $765,000 after purchasing an additional 4 shares in the last quarter. Private Trust Co. NA raised its holdings in AutoZone by 2.9% during the third quarter. Private Trust Co. NA now owns 142 shares of the company’s stock worth $361,000 after purchasing an additional 4 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in AutoZone by 2.0% during the third quarter. Venturi Wealth Management LLC now owns 202 shares of the company’s stock worth $513,000 after purchasing an additional 4 shares in the last quarter. Finally, Plancorp LLC raised its holdings in AutoZone by 3.0% during the third quarter. Plancorp LLC now owns 136 shares of the company’s stock worth $345,000 after purchasing an additional 4 shares in the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AZO shares. DA Davidson lifted their target price on shares of AutoZone from $2,770.00 to $3,025.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Barclays boosted their price objective on shares of AutoZone from $2,779.00 to $3,100.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. TheStreet lowered shares of AutoZone from a “c” rating to a “d+” rating in a research report on Wednesday, December 20th. Mizuho began coverage on shares of AutoZone in a research report on Tuesday, March 19th. They set a “buy” rating and a $3,450.00 target price on the stock. Finally, Wedbush boosted their price objective on shares of AutoZone from $2,950.00 to $3,400.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 28th. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, AutoZone presently has an average rating of “Moderate Buy” and an average target price of $3,080.72.

AutoZone Trading Down 1.3 %

AutoZone stock opened at $3,152.07 on Friday. The stock has a market cap of $54.53 billion, a P/E ratio of 22.19, a price-to-earnings-growth ratio of 1.69 and a beta of 0.70. The stock has a 50 day moving average of $2,912.84 and a 200-day moving average of $2,699.29. AutoZone, Inc. has a 52 week low of $2,277.88 and a 52 week high of $3,256.37.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, February 27th. The company reported $28.89 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 analysts’ expectations of $4.32 billion. AutoZone had a negative return on equity of 56.06% and a net margin of 14.70%. The business’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $24.64 EPS. As a group, equities analysts predict that AutoZone, Inc. will post 151.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Philip B. Daniele sold 4,190 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $3,161.68, for a total transaction of $13,247,439.20. Following the transaction, the chief executive officer now directly owns 900 shares in the company, valued at $2,845,512. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other AutoZone news, CEO Philip B. Daniele sold 4,190 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $3,161.68, for a total value of $13,247,439.20. Following the sale, the chief executive officer now directly owns 900 shares of the company’s stock, valued at $2,845,512. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Thomas B. Newbern sold 7,800 shares of the stock in a transaction on Friday, January 5th. The stock was sold at an average price of $2,551.62, for a total value of $19,902,636.00. Following the completion of the sale, the chief operating officer now directly owns 2,519 shares in the company, valued at $6,427,530.78. The disclosure for this sale can be found here. Insiders have sold 27,797 shares of company stock worth $81,010,974 over the last ninety days. 2.50% of the stock is owned by insiders.

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.