AutoZone, Inc. $AZO Shares Bought by Osprey Private Wealth LLC

Osprey Private Wealth LLC raised its position in AutoZone, Inc. (NYSE:AZO) by 28.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,004 shares of the company’s stock after purchasing an additional 445 shares during the quarter. AutoZone comprises 2.0% of Osprey Private Wealth LLC’s investment portfolio, making the stock its 20th biggest position. Osprey Private Wealth LLC’s holdings in AutoZone were worth $6,797,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Turning Point Benefit Group Inc. acquired a new position in AutoZone in the 3rd quarter valued at about $25,000. Raleigh Capital Management Inc. acquired a new position in AutoZone in the 3rd quarter valued at about $26,000. Torren Management LLC acquired a new position in AutoZone in the 4th quarter valued at about $27,000. Global Trust Asset Management LLC raised its stake in shares of AutoZone by 600.0% in the 3rd quarter. Global Trust Asset Management LLC now owns 7 shares of the company’s stock valued at $30,000 after acquiring an additional 6 shares during the period. Finally, Elevated Capital Advisors LLC purchased a new stake in shares of AutoZone in the 4th quarter valued at approximately $37,000. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other AutoZone news, Director Earl G. Graves, Jr. sold 50 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $3,478.72, for a total transaction of $173,936.00. Following the completion of the transaction, the director owned 4,837 shares in the company, valued at $16,826,568.64. The trade was a 1.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.60% of the stock is owned by company insiders.

AutoZone Stock Down 1.6%

NYSE AZO opened at $3,497.52 on Friday. AutoZone, Inc. has a 52 week low of $3,210.72 and a 52 week high of $4,388.11. The stock has a market capitalization of $57.64 billion, a PE ratio of 24.50, a price-to-earnings-growth ratio of 1.79 and a beta of 0.43. The firm has a 50 day moving average of $3,530.25 and a two-hundred day moving average of $3,617.57.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, March 3rd. The company reported $27.63 EPS for the quarter, topping the consensus estimate of $27.59 by $0.04. AutoZone had a net margin of 12.47% and a negative return on equity of 72.31%. The company had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.31 billion. During the same quarter in the previous year, the business posted $28.29 EPS. The firm’s revenue was up 8.2% on a year-over-year basis. On average, equities research analysts expect that AutoZone, Inc. will post 148.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird downgraded shares of AutoZone from an “outperform” rating to a “neutral” rating and set a $3,900.00 price target on the stock. in a research note on Monday, February 9th. Roth Mkm reduced their price target on shares of AutoZone from $4,650.00 to $4,526.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Truist Financial reduced their price target on shares of AutoZone from $4,076.00 to $4,045.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. JPMorgan Chase & Co. boosted their price target on shares of AutoZone from $4,100.00 to $4,300.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. Finally, DA Davidson set a $4,300.00 price target on shares of AutoZone in a research note on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $4,312.13.

AutoZone Company Profile

AutoZone, Inc (NYSE: AZO) is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.

AutoZone serves both do‑it‑yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.