MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 67 Shares of AutoZone, Inc. (NYSE:AZO)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its stake in AutoZone, Inc. (NYSE:AZO) by 3.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,906 shares of the company’s stock after selling 67 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in AutoZone were worth $6,103,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Colonial Trust Co SC lifted its holdings in AutoZone by 24.5% in the 4th quarter. Colonial Trust Co SC now owns 61 shares of the company’s stock worth $197,000 after purchasing an additional 12 shares during the last quarter. Comerica Bank raised its position in shares of AutoZone by 5.4% in the fourth quarter. Comerica Bank now owns 4,262 shares of the company’s stock valued at $13,647,000 after purchasing an additional 217 shares during the period. Barclays PLC lifted its stake in shares of AutoZone by 82.6% in the fourth quarter. Barclays PLC now owns 170,216 shares of the company’s stock worth $545,033,000 after buying an additional 77,015 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of AutoZone by 13.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 66,016 shares of the company’s stock worth $211,383,000 after buying an additional 7,586 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in AutoZone by 41.1% in the 4th quarter. Russell Investments Group Ltd. now owns 73,044 shares of the company’s stock valued at $233,718,000 after buying an additional 21,266 shares during the last quarter. Institutional investors own 92.74% of the company’s stock.

AutoZone Price Performance

Shares of AZO stock opened at $3,779.98 on Monday. The stock’s fifty day simple moving average is $3,658.37 and its 200 day simple moving average is $3,423.45. AutoZone, Inc. has a one year low of $2,728.97 and a one year high of $3,916.81. The firm has a market cap of $63.44 billion, a price-to-earnings ratio of 25.25, a P/E/G ratio of 1.86 and a beta of 0.44.

AutoZone (NYSE:AZO) last issued its quarterly earnings data 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). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.98 billion. On average, research analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on AZO. Evercore ISI boosted their target price on shares of AutoZone from $3,525.00 to $3,700.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. UBS Group boosted their price objective on AutoZone from $3,875.00 to $4,025.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Argus downgraded AutoZone from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Wells Fargo & Company lifted their price target on AutoZone from $3,750.00 to $3,850.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Finally, Oppenheimer upgraded AutoZone from a “market perform” rating to an “outperform” rating and set a $4,600.00 price target for the company in a report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, AutoZone presently has a consensus rating of “Buy” and a consensus price target of $3,821.91.

Insider Activity at AutoZone

In related news, VP Dennis W. Leriche sold 1,575 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $3,600.00, for a total transaction of $5,670,000.00. Following the sale, the vice president now directly owns 417 shares in the company, valued at $1,501,200. This represents a 79.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Bailey L. Childress sold 160 shares of the firm’s stock in a transaction on 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 sale, the senior vice president now directly owns 50 shares of the company’s stock, valued at $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 11,521 shares of company stock valued at $42,177,331 in the last ninety days. Insiders own 2.10% of the company’s stock.

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.