AutoZone, Inc. (NYSE:AZO) Shares Sold by Highview Capital Management LLC DE

Highview Capital Management LLC DE trimmed its stake in shares of AutoZone, Inc. (NYSE:AZO) by 41.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 301 shares of the company’s stock after selling 214 shares during the period. Highview Capital Management LLC DE’s holdings in AutoZone were worth $964,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Headlands Technologies LLC acquired a new stake in AutoZone in the fourth quarter valued at approximately $29,000. Flagship Wealth Advisors LLC acquired a new stake in AutoZone in the fourth quarter valued at approximately $32,000. Harbour Investments Inc. grew its holdings in AutoZone by 42.9% in the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock valued at $32,000 after purchasing an additional 3 shares during the period. Minot DeBlois Advisors LLC acquired a new stake in AutoZone in the fourth quarter valued at approximately $45,000. Finally, Itau Unibanco Holding S.A. grew its holdings in AutoZone by 750.0% in the fourth quarter. Itau Unibanco Holding S.A. now owns 17 shares of the company’s stock valued at $54,000 after purchasing an additional 15 shares during the period. 92.74% of the stock is owned by institutional investors and hedge funds.

AutoZone Stock Down 0.2%

NYSE:AZO opened at $3,870.93 on Thursday. AutoZone, Inc. has a 52 week low of $2,728.97 and a 52 week high of $3,916.81. The company has a market capitalization of $64.96 billion, a P/E ratio of 25.86, a P/E/G ratio of 1.86 and a beta of 0.44. The stock’s fifty day moving average is $3,678.16 and its two-hundred day moving average is $3,435.86.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, March 4th. The company reported $28.29 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 business had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.98 billion. Sell-side analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Oppenheimer raised AutoZone from a “market perform” rating to an “outperform” rating and set a $4,600.00 price objective on the stock in a report on Friday, May 2nd. Wells Fargo & Company raised their price objective on AutoZone from $3,850.00 to $4,200.00 and gave the company an “overweight” rating in a report on Monday. Bank of America raised AutoZone from a “neutral” rating to a “buy” rating and raised their price objective for the company from $3,900.00 to $4,800.00 in a report on Wednesday. Wedbush reaffirmed an “outperform” rating and issued a $3,700.00 price target on shares of AutoZone in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. lifted their price target on AutoZone from $3,775.00 to $3,830.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and four have given a strong buy rating to the company. According to MarketBeat, AutoZone has an average rating of “Buy” and an average price target of $3,887.82.

Insider Buying and Selling at AutoZone

In related news, CEO Philip B. Daniele sold 2,000 shares of the business’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $3,800.01, for a total value of $7,600,020.00. Following the sale, the chief executive officer now owns 163 shares in the company, valued at approximately $619,401.63. The trade was a 92.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Domingo Hurtado sold 4,800 shares of the business’s stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $3,660.00, for a total value of $17,568,000.00. Following the completion of the sale, the vice president now owns 159 shares in the company, valued at $581,940. This represents a 96.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,521 shares of company stock worth $42,177,331 over the last quarter. 2.10% of the stock is currently owned by company insiders.

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.