NFC Investments LLC Sells 10 Shares of AutoZone, Inc. (NYSE:AZO)

NFC Investments LLC lessened its stake in shares of AutoZone, Inc. (NYSE:AZO) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,203 shares of the company’s stock after selling 10 shares during the quarter. AutoZone comprises about 5.5% of NFC Investments LLC’s investment portfolio, making the stock its 7th biggest position. NFC Investments LLC’s holdings in AutoZone were worth $19,862,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of AZO. Prime Capital Investment Advisors LLC acquired a new stake in AutoZone during the 3rd quarter valued at $239,000. CIBC Asset Management Inc grew its holdings in AutoZone by 7.2% during the 3rd quarter. CIBC Asset Management Inc now owns 2,497 shares of the company’s stock valued at $7,866,000 after buying an additional 168 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of AutoZone by 16.6% during the third quarter. Empowered Funds LLC now owns 1,514 shares of the company’s stock worth $4,769,000 after purchasing an additional 215 shares during the last quarter. Natixis Advisors LLC boosted its holdings in shares of AutoZone by 4.5% during the third quarter. Natixis Advisors LLC now owns 16,122 shares of the company’s stock worth $50,785,000 after purchasing an additional 699 shares during the last quarter. Finally, Kinsale Capital Group Inc. boosted its holdings in shares of AutoZone by 16.9% during the third quarter. Kinsale Capital Group Inc. now owns 1,664 shares of the company’s stock worth $5,242,000 after purchasing an additional 241 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Price Performance

NYSE:AZO opened at $3,553.69 on Monday. The business’s 50-day moving average is $3,401.49 and its two-hundred day moving average is $3,244.44. AutoZone, Inc. has a 12 month low of $2,728.97 and a 12 month high of $3,704.43. The firm has a market capitalization of $59.64 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 1.86 and a beta of 0.71.

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

Wall Street Analysts Forecast Growth

AZO has been the topic of several analyst reports. Mizuho raised their price objective on AutoZone from $3,600.00 to $3,740.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Argus cut AutoZone from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. TD Cowen raised their price objective on AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Wedbush restated an “outperform” rating and set a $3,700.00 price objective on shares of AutoZone in a report on Wednesday, March 5th. Finally, BMO Capital Markets raised their price objective on AutoZone from $3,700.00 to $3,850.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $3,651.91.

Insider Activity

In related news, SVP K. Michelle Borninkhof sold 136 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $3,550.08, for a total value of $482,810.88. Following the completion of the sale, the senior vice president now directly owns 403 shares of the company’s stock, valued at $1,430,682.24. The trade was a 25.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Bailey L. Childress sold 160 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $3,550.00, for a total value of $568,000.00. Following the completion of the sale, the senior vice president now directly owns 50 shares of the company’s stock, valued at approximately $177,500. This represents a 76.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,871 shares of company stock worth $6,720,811 over the last ninety days. Corporate insiders own 2.10% of the company’s stock.

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.