K. Michelle Borninkhof Sells 136 Shares of AutoZone, Inc. (NYSE:AZO) Stock

AutoZone, Inc. (NYSE:AZO) SVP K. Michelle Borninkhof sold 136 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $3,550.08, for a total transaction of $482,810.88. Following the transaction, the senior vice president now directly owns 403 shares in the company, valued at approximately $1,430,682.24. The trade was a 25.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

AutoZone Trading Up 0.2 %

Shares of AZO stock opened at $3,553.69 on Friday. AutoZone, Inc. has a 12 month low of $2,728.97 and a 12 month high of $3,704.43. The company has a market capitalization of $59.64 billion, a P/E ratio of 23.74, a P/E/G ratio of 1.86 and a beta of 0.71. The stock has a 50 day moving average of $3,401.49 and a two-hundred day moving average of $3,243.69.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing the consensus estimate of $29.11 by ($0.82). The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.98 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. Sell-side analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Institutional Trading of AutoZone

Several institutional investors have recently made changes to their positions in AZO. Headlands Technologies LLC bought a new position in AutoZone during the fourth quarter worth about $29,000. Flagship Wealth Advisors LLC acquired a new position in shares of AutoZone in the 4th quarter worth approximately $32,000. Harbour Investments Inc. lifted its position in shares of AutoZone by 42.9% during the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock worth $32,000 after buying an additional 3 shares during the period. Minot DeBlois Advisors LLC acquired a new stake in AutoZone in the 4th quarter valued at $45,000. Finally, Darwin Wealth Management LLC bought a new stake in AutoZone in the third quarter valued at $47,000. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Mizuho raised their price target on shares of AutoZone from $3,600.00 to $3,740.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. Wells Fargo & Company raised their target price on AutoZone from $3,750.00 to $3,850.00 and gave the company an “overweight” rating in a report on Wednesday, March 5th. DA Davidson upped their price target on AutoZone from $3,350.00 to $3,500.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 5th. Roth Mkm increased their price objective on AutoZone from $3,634.00 to $3,763.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Finally, Morgan Stanley boosted their target price on AutoZone from $3,490.00 to $3,750.00 and gave the stock an “overweight” rating in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $3,651.91.

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.