AutoZone, Inc. (NYSE:AZO) Shares Sold by Bokf Na

Bokf Na lessened its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 1.4% during the first quarter, HoldingsChannel reports. The fund owned 844 shares of the company’s stock after selling 12 shares during the period. Bokf Na’s holdings in AutoZone were worth $2,674,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Summit Trail Advisors LLC grew its holdings in AutoZone by 3.8% in the fourth quarter. Summit Trail Advisors LLC now owns 110 shares of the company’s stock valued at $283,000 after purchasing an additional 4 shares during the last quarter. Guardian Capital LP grew its holdings in AutoZone by 1.3% in the fourth quarter. Guardian Capital LP now owns 301 shares of the company’s stock valued at $778,000 after purchasing an additional 4 shares during the last quarter. Quent Capital LLC grew its holdings in AutoZone by 4.8% in the first quarter. Quent Capital LLC now owns 88 shares of the company’s stock valued at $277,000 after purchasing an additional 4 shares during the last quarter. TriaGen Wealth Management LLC grew its holdings in AutoZone by 3.9% in the fourth quarter. TriaGen Wealth Management LLC now owns 133 shares of the company’s stock valued at $344,000 after purchasing an additional 5 shares during the last quarter. Finally, Stiles Financial Services Inc grew its holdings in AutoZone by 2.7% in the fourth quarter. Stiles Financial Services Inc now owns 191 shares of the company’s stock valued at $494,000 after purchasing an additional 5 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Stock Performance

Shares of AZO stock traded down $41.67 during trading hours on Monday, reaching $3,048.64. The company had a trading volume of 7,708 shares, compared to its average volume of 147,817. AutoZone, Inc. has a twelve month low of $2,375.35 and a twelve month high of $3,256.37. The company has a market capitalization of $52.07 billion, a P/E ratio of 21.37, a price-to-earnings-growth ratio of 1.55 and a beta of 0.71. The stock’s fifty day simple moving average is $2,877.52 and its 200 day simple moving average is $2,911.71.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, May 21st. The company reported $36.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $35.67 by $1.02. AutoZone had a negative return on equity of 54.58% and a net margin of 14.60%. The business had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter last year, the firm earned $34.12 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, equities analysts expect that AutoZone, Inc. will post 151.37 earnings per share for the current year.

Insider Buying and Selling at AutoZone

In other AutoZone news, VP Jenna M. Bedsole acquired 36 shares of the stock in a transaction on Thursday, May 23rd. The stock was purchased at an average price of $2,757.10 per share, for a total transaction of $99,255.60. Following the purchase, the vice president now directly owns 36 shares in the company, valued at $99,255.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on AZO shares. Oppenheimer reissued a “market perform” rating and issued a $2,600.00 target price on shares of AutoZone in a report on Wednesday, June 26th. Mizuho reduced their price objective on AutoZone from $3,450.00 to $3,280.00 and set a “buy” rating on the stock in a research report on Wednesday, May 22nd. Wedbush restated an “outperform” rating and issued a $3,200.00 price objective on shares of AutoZone in a research report on Wednesday, July 10th. Guggenheim upped their price objective on AutoZone from $3,150.00 to $3,225.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Finally, UBS Group reduced their price objective on AutoZone from $3,465.00 to $3,340.00 and set a “buy” rating on the stock in a research report on Wednesday, May 22nd. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $3,112.71.

AutoZone 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.