AutoZone, Inc. (NYSE:AZO) Stock Holdings Raised by Guardian Wealth Management Inc.

Guardian Wealth Management Inc. grew its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,885 shares of the company’s stock after buying an additional 14 shares during the quarter. AutoZone accounts for about 4.1% of Guardian Wealth Management Inc.’s investment portfolio, making the stock its 5th largest holding. Guardian Wealth Management Inc.’s holdings in AutoZone were worth $6,036,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in shares of AutoZone in the fourth quarter valued at $29,000. Flagship Wealth Advisors LLC purchased a new stake in AutoZone in the 4th quarter worth approximately $32,000. Harbour Investments Inc. increased its position in AutoZone by 42.9% in the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock worth $32,000 after purchasing an additional 3 shares during the last quarter. Crews Bank & Trust acquired a new position in AutoZone in the fourth quarter worth approximately $61,000. Finally, McIlrath & Eck LLC raised its holdings in shares of AutoZone by 25.0% during the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after purchasing an additional 4 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.

AutoZone Trading Down 0.8 %

AutoZone stock opened at $3,650.14 on Thursday. The firm has a 50 day moving average of $3,584.12 and a 200 day moving average of $3,351.86. AutoZone, Inc. has a 12-month low of $2,728.97 and a 12-month high of $3,916.81. The firm has a market capitalization of $61.26 billion, a price-to-earnings ratio of 24.39, a P/E/G ratio of 1.86 and a beta of 0.54.

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

Insider Buying and Selling

In other AutoZone news, VP Dennis W. Leriche sold 1,575 shares of the firm’s 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 directly owns 417 shares of the company’s stock, valued at approximately $1,501,200. This trade represents a 79.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Domingo Hurtado sold 4,800 shares of the company’s stock in a transaction dated Tuesday, April 22nd. The stock was sold at an average price of $3,660.00, for a total transaction of $17,568,000.00. Following the completion of the transaction, the vice president now owns 159 shares of the company’s stock, valued at approximately $581,940. This trade represents a 96.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,521 shares of company stock valued at $42,177,331 over the last three months. 2.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on AZO shares. UBS Group upped their price objective on shares of AutoZone from $3,875.00 to $4,025.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Wedbush restated an “outperform” rating and issued a $3,700.00 price objective on shares of AutoZone in a research note on Wednesday, March 5th. DA Davidson upgraded AutoZone from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $3,500.00 to $4,192.00 in a research note on Friday, March 21st. Barclays upped their price objective on shares of AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Finally, Guggenheim lifted their price target on AutoZone from $3,750.00 to $3,850.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Five analysts have rated the stock with a hold rating, sixteen have issued a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat, AutoZone has a consensus rating of “Moderate Buy” and an average price target of $3,724.00.

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.