DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 16,081 Shares of AutoZone, Inc. (NYSE:AZO)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lowered its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 10.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 133,402 shares of the company’s stock after selling 16,081 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned 0.80% of AutoZone worth $427,153,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC bought a new position in shares of AutoZone in the fourth quarter worth about $29,000. Flagship Wealth Advisors LLC purchased a new stake in AutoZone in the 4th quarter valued at about $32,000. Harbour Investments Inc. grew its stake 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 acquiring an additional 3 shares in the last quarter. Itau Unibanco Holding S.A. increased its position in shares of AutoZone by 750.0% during the fourth quarter. Itau Unibanco Holding S.A. now owns 17 shares of the company’s stock worth $54,000 after acquiring an additional 15 shares during the period. Finally, Crews Bank & Trust bought a new stake in shares of AutoZone during the fourth quarter valued at approximately $61,000. Institutional investors own 92.74% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Philip B. Daniele sold 2,000 shares of the business’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $3,800.01, for a total transaction of $7,600,020.00. Following the completion of the transaction, the chief executive officer now directly owns 163 shares in the company, valued at $619,401.63. The trade was a 92.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Bailey L. Childress sold 160 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president now directly owns 50 shares in the company, valued at approximately $177,500. The trade was a 76.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,521 shares of company stock valued at $42,177,331. 2.10% of the stock is owned by company insiders.

AutoZone Stock Down 0.0 %

Shares of AutoZone stock opened at $3,746.63 on Thursday. The company has a 50 day moving average price of $3,642.01 and a 200 day moving average price of $3,391.79. The firm has a market capitalization of $62.88 billion, a P/E ratio of 25.03, a PEG ratio of 1.86 and a beta of 0.44. AutoZone, Inc. has a 52 week low of $2,728.97 and a 52 week high of $3,916.81.

AutoZone (NYSE:AZO) last posted 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 company had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.98 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. As a group, research analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on AZO shares. Truist Financial increased their price objective on AutoZone from $3,841.00 to $3,995.00 and gave the stock a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. increased their price target on AutoZone from $3,775.00 to $3,830.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Argus downgraded AutoZone from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. Wells Fargo & Company upped their price objective on shares of AutoZone from $3,750.00 to $3,850.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. Finally, Roth Capital set a $3,763.00 target price on shares of AutoZone in a research report on Wednesday, March 5th. Four investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $3,821.91.

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.