Larson Financial Group LLC Has $173,000 Position in AutoZone, Inc. (NYSE:AZO)

Larson Financial Group LLC raised its position in shares of AutoZone, Inc. (NYSE:AZO) by 67.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 67 shares of the company’s stock after acquiring an additional 27 shares during the period. Larson Financial Group LLC’s holdings in AutoZone were worth $173,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Private Trust Co. NA raised its stake in AutoZone by 2.9% during the 3rd quarter. Private Trust Co. NA now owns 142 shares of the company’s stock valued at $361,000 after purchasing an additional 4 shares during the period. CWM LLC raised its stake in AutoZone by 1.3% during the 3rd quarter. CWM LLC now owns 301 shares of the company’s stock valued at $765,000 after purchasing an additional 4 shares during the period. Venturi Wealth Management LLC raised its stake in AutoZone by 2.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 202 shares of the company’s stock valued at $513,000 after purchasing an additional 4 shares during the period. Plancorp LLC grew its holdings in shares of AutoZone by 3.0% during the 3rd quarter. Plancorp LLC now owns 136 shares of the company’s stock valued at $345,000 after acquiring an additional 4 shares in the last quarter. Finally, Alcosta Capital Management Inc. grew its holdings in shares of AutoZone by 0.3% during the 3rd quarter. Alcosta Capital Management Inc. now owns 1,255 shares of the company’s stock valued at $3,188,000 after acquiring an additional 4 shares in the last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on AZO shares. Truist Financial boosted their price target on shares of AutoZone from $3,363.00 to $3,523.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Morgan Stanley boosted their price target on shares of AutoZone from $2,900.00 to $3,100.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Mizuho started coverage on shares of AutoZone in a report on Tuesday, March 19th. They set a “buy” rating and a $3,450.00 price target on the stock. UBS Group boosted their price target on shares of AutoZone from $3,100.00 to $3,425.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Finally, Wedbush upped their price objective on shares of AutoZone from $2,950.00 to $3,400.00 and gave the stock an “outperform” rating in a 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 issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $3,086.61.

AutoZone Stock Performance

Shares of AZO opened at $2,988.51 on Thursday. The company has a 50-day simple moving average of $3,020.17 and a 200-day simple moving average of $2,768.74. The firm has a market capitalization of $51.76 billion, a P/E ratio of 21.04, a P/E/G ratio of 1.47 and a beta of 0.70. AutoZone, Inc. has a 52 week low of $2,277.88 and a 52 week high of $3,256.37.

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

Insider Buying and Selling

In related news, Chairman William C. Rhodes III sold 6,700 shares of the stock in a transaction dated 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 Securities & Exchange Commission, which is accessible through the SEC website. In other news, Chairman William C. Rhodes III sold 6,700 shares of the firm’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 transaction of $21,374,474.00. Following the completion of the sale, 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. Also, VP Richard Craig Smith sold 3,000 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president now directly owns 2,921 shares of the company’s stock, valued at approximately $8,756,456.96. The disclosure for this sale can be found here. Insiders sold 15,990 shares of company stock valued at $50,335,193 over the last quarter. Corporate insiders own 2.50% 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.