GAMMA Investing LLC Boosts Holdings in AutoZone, Inc. (NYSE:AZO)

GAMMA Investing LLC raised its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 5.1% during the first quarter, HoldingsChannel.com reports. The firm owned 103 shares of the company’s stock after buying an additional 5 shares during the period. GAMMA Investing LLC’s holdings in AutoZone were worth $325,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AZO. Hohimer Wealth Management LLC lifted its position in AutoZone by 1.1% during the third quarter. Hohimer Wealth Management LLC now owns 361 shares of the company’s stock worth $917,000 after buying an additional 4 shares in the last quarter. Summit Trail Advisors LLC raised its holdings in shares of AutoZone by 3.8% during the 4th quarter. Summit Trail Advisors LLC now owns 110 shares of the company’s stock worth $283,000 after acquiring an additional 4 shares during the period. Guardian Capital LP boosted its position in shares of AutoZone by 1.3% during the 4th quarter. Guardian Capital LP now owns 301 shares of the company’s stock valued at $778,000 after acquiring an additional 4 shares during the last quarter. Tacita Capital Inc grew its holdings in shares of AutoZone by 20.8% in the third quarter. Tacita Capital Inc now owns 29 shares of the company’s stock valued at $74,000 after purchasing an additional 5 shares during the period. Finally, TriaGen Wealth Management LLC increased its position in AutoZone by 3.9% during the fourth quarter. TriaGen Wealth Management LLC now owns 133 shares of the company’s stock worth $344,000 after purchasing an additional 5 shares during the last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Jenna M. Bedsole acquired 36 shares of AutoZone stock in a transaction dated Thursday, May 23rd. The shares were acquired at an average cost of $2,757.10 per share, for a total transaction of $99,255.60. Following the acquisition, the vice president now owns 36 shares of the company’s stock, valued at $99,255.60. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Chairman William C. Rhodes III sold 6,700 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $3,190.22, for a total value of $21,374,474.00. Following the completion of the transaction, the chairman now directly owns 15,357 shares of the company’s stock, valued at $48,992,208.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jenna M. Bedsole purchased 36 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was bought at an average price of $2,757.10 per share, for a total transaction of $99,255.60. Following the completion of the purchase, the vice president now directly owns 36 shares of the company’s stock, valued at $99,255.60. The disclosure for this purchase can be found here. 2.50% of the stock is currently owned by company insiders.

AutoZone Trading Up 1.0 %

NYSE:AZO opened at $2,968.75 on Thursday. AutoZone, Inc. has a 12-month low of $2,375.35 and a 12-month high of $3,256.37. The firm has a market cap of $50.71 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 1.49 and a beta of 0.71. The stock has a fifty day moving average price of $2,892.45 and a 200 day moving average price of $2,849.30.

AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, May 21st. The company reported $36.69 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $4.29 billion. During the same quarter last year, the business posted $34.12 EPS. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. Equities analysts forecast that AutoZone, Inc. will post 151.57 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Barclays dropped their price target on shares of AutoZone from $3,100.00 to $3,024.00 and set an “overweight” rating for the company in a research note on Thursday, May 23rd. UBS Group cut their target price on AutoZone from $3,465.00 to $3,340.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd. Wolfe Research decreased their price target on AutoZone from $3,150.00 to $3,000.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 22nd. Wedbush cut their price objective on AutoZone from $3,400.00 to $3,200.00 and set an “outperform” rating for the company in a research report on Wednesday, May 22nd. Finally, Mizuho reduced their price objective on shares of AutoZone from $3,450.00 to $3,280.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $3,104.13.

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.