Twin Tree Management LP Has $1.66 Million Stock Position in AutoZone, Inc. (NYSE:AZO)

Twin Tree Management LP lowered its position in shares of AutoZone, Inc. (NYSE:AZO) by 74.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 518 shares of the company’s stock after selling 1,549 shares during the quarter. Twin Tree Management LP’s holdings in AutoZone were worth $1,659,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Harbour Investments Inc. boosted its position in AutoZone by 42.9% during the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock worth $32,000 after acquiring an additional 3 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in AutoZone during the 3rd quarter worth approximately $47,000. Crews Bank & Trust acquired a new position in AutoZone during the 4th quarter worth approximately $61,000. McIlrath & Eck LLC boosted its position in AutoZone by 25.0% during the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after acquiring an additional 4 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in AutoZone during the 4th quarter worth approximately $67,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AZO. Argus downgraded AutoZone from a “buy” rating to a “hold” rating in a research report on Wednesday, March 5th. BMO Capital Markets increased their price objective on AutoZone from $3,700.00 to $3,850.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. Barclays increased their price objective on AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Wedbush reissued an “outperform” rating and issued a $3,700.00 price objective on shares of AutoZone in a report on Wednesday, March 5th. Finally, Truist Financial increased their price objective on AutoZone from $3,753.00 to $3,841.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $3,651.91.

AutoZone Price Performance

AZO stock opened at $3,611.51 on Wednesday. The stock has a market capitalization of $60.61 billion, a price-to-earnings ratio of 24.13, a PEG ratio of 1.86 and a beta of 0.71. The business’s fifty day moving average price is $3,415.14 and its two-hundred day moving average price is $3,250.39. AutoZone, Inc. has a fifty-two week low of $2,728.97 and a fifty-two week high of $3,704.43.

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

Insider Buying and Selling

In related news, SVP Bailey L. Childress sold 160 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total value of $568,000.00. Following the transaction, the senior vice president now owns 50 shares in the company, valued at approximately $177,500. This trade represents a 76.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP K. Michelle Borninkhof sold 136 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $3,550.08, for a total value of $482,810.88. Following the completion of the transaction, the senior vice president now owns 403 shares in the company, valued at $1,430,682.24. The trade was a 25.23 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,871 shares of company stock worth $6,720,811. Company insiders own 2.10% of the company’s stock.

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.