Zurcher Kantonalbank Zurich Cantonalbank Buys 71 Shares of AutoZone, Inc. (NYSE:AZO)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of AutoZone, Inc. (NYSE:AZO) by 2.0% during the 4th quarter, Holdings Channel reports. The fund owned 3,682 shares of the company’s stock after acquiring an additional 71 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in AutoZone were worth $11,790,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Darwin Wealth Management LLC bought a new position in shares of AutoZone during the 3rd quarter worth about $47,000. Crews Bank & Trust acquired a new position in AutoZone during the 4th quarter worth approximately $61,000. McIlrath & Eck LLC boosted its holdings in AutoZone by 25.0% in the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after acquiring an additional 4 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in AutoZone in the third quarter valued at approximately $66,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of AutoZone during the fourth quarter valued at approximately $67,000. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AutoZone

In related news, SVP Bailey L. Childress sold 160 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the sale, the senior vice president now directly owns 50 shares in the company, valued at approximately $177,500. This represents a 76.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Dennis W. Leriche sold 1,575 shares of AutoZone stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $3,600.00, for a total transaction of $5,670,000.00. Following the completion of the transaction, the vice president now owns 417 shares of the company’s stock, valued at $1,501,200. This represents a 79.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is owned by corporate insiders.

AutoZone Stock Down 0.5 %

AZO opened at $3,545.76 on Thursday. AutoZone, Inc. has a twelve month low of $2,728.97 and a twelve month high of $3,704.43. The company’s 50-day moving average price is $3,390.02 and its two-hundred day moving average price is $3,238.89. The stock has a market cap of $59.50 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 1.86 and a beta of 0.71.

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AZO shares. Roth Mkm increased their target price on AutoZone from $3,634.00 to $3,763.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Argus cut shares of AutoZone from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. boosted their target price on shares of AutoZone from $3,775.00 to $3,830.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Truist Financial raised their price target on shares of AutoZone from $3,753.00 to $3,841.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Finally, TD Cowen boosted 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, AutoZone has a consensus rating of “Moderate Buy” and a consensus price target of $3,651.91.

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.