Lake Street Advisors Group LLC raised its position in AutoZone, Inc. (NYSE:AZO – Free Report) by 31.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 257 shares of the company’s stock after acquiring an additional 62 shares during the period. Lake Street Advisors Group LLC’s holdings in AutoZone were worth $810,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also made changes to their positions in the company. Bessemer Group Inc. increased its stake in AutoZone by 106.7% during the 1st quarter. Bessemer Group Inc. now owns 117,891 shares of the company’s stock valued at $371,552,000 after purchasing an additional 60,852 shares in the last quarter. UniSuper Management Pty Ltd lifted its position in AutoZone by 257.3% during the 1st quarter. UniSuper Management Pty Ltd now owns 586 shares of the company’s stock worth $1,847,000 after acquiring an additional 422 shares during the period. O Shaughnessy Asset Management LLC grew its stake in AutoZone by 4.2% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,075 shares of the company’s stock valued at $12,843,000 after purchasing an additional 163 shares during the last quarter. Penobscot Investment Management Company Inc. increased its holdings in shares of AutoZone by 1.5% in the first quarter. Penobscot Investment Management Company Inc. now owns 683 shares of the company’s stock valued at $2,153,000 after purchasing an additional 10 shares during the period. Finally, Davis R M Inc. acquired a new position in shares of AutoZone in the first quarter valued at about $205,000. 92.74% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at AutoZone
In related news, VP Jenna M. Bedsole purchased 36 shares of the stock in a transaction dated Thursday, May 23rd. The shares were acquired at an average cost of $2,757.10 per share, with a total value of $99,255.60. Following the purchase, the vice president now directly owns 36 shares in the company, valued at approximately $99,255.60. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.50% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Get Our Latest Stock Report on AZO
AutoZone Price Performance
Shares of NYSE:AZO traded up $80.13 during trading on Thursday, reaching $3,021.86. The company had a trading volume of 53,514 shares, compared to its average volume of 147,625. The stock’s fifty day moving average price is $2,871.22 and its 200 day moving average price is $2,901.69. AutoZone, Inc. has a fifty-two week low of $2,375.35 and a fifty-two week high of $3,256.37. The firm has a market capitalization of $51.61 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 1.46 and a beta of 0.71.
AutoZone (NYSE:AZO – Get Free Report) last announced its quarterly earnings data on Tuesday, May 21st. The company reported $36.69 earnings per share for the quarter, beating analysts’ consensus estimates of $35.67 by $1.02. The company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.29 billion. AutoZone had a negative return on equity of 54.58% and a net margin of 14.60%. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $34.12 EPS. On average, equities analysts anticipate that AutoZone, Inc. will post 151.59 EPS for the current fiscal year.
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.
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