AutoZone, Inc. (NYSE:AZO) SVP K. Michelle Borninkhof Sells 136 Shares

AutoZone, Inc. (NYSE:AZO) SVP K. Michelle Borninkhof sold 136 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $3,550.08, for a total transaction of $482,810.88. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

AutoZone Stock Performance

AZO stock opened at $3,538.59 on Friday. The company has a market capitalization of $59.38 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 1.86 and a beta of 0.71. AutoZone, Inc. has a one year low of $2,728.97 and a one year high of $3,704.43. The company’s 50 day moving average price is $3,395.79 and its two-hundred day moving average price is $3,240.97.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $3.98 billion. On average, research analysts predict that AutoZone, Inc. will post 152.94 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AZO. Roth Mkm boosted their target price on shares of AutoZone from $3,634.00 to $3,763.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. 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 report on Thursday, January 9th. TD Cowen upped their price objective on shares of AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Citigroup upped their price objective on shares of AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Wedbush restated an “outperform” rating and set a $3,700.00 price objective on shares of AutoZone in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, AutoZone presently has an average rating of “Moderate Buy” and a consensus price target of $3,651.91.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AZO. Franklin Resources Inc. boosted its holdings in AutoZone by 18.1% in the third quarter. Franklin Resources Inc. now owns 44,946 shares of the company’s stock valued at $141,717,000 after acquiring an additional 6,898 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in AutoZone by 186.8% in the third quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company’s stock valued at $292,544,000 after acquiring an additional 60,483 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in AutoZone by 29.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 34,808 shares of the company’s stock valued at $111,455,000 after acquiring an additional 7,922 shares in the last quarter. Silverleafe Capital Partners LLC boosted its holdings in AutoZone by 1.0% in the fourth quarter. Silverleafe Capital Partners LLC now owns 2,642 shares of the company’s stock valued at $8,460,000 after acquiring an additional 26 shares in the last quarter. Finally, Mizuho Securities USA LLC boosted its holdings in AutoZone by 592.0% in the third quarter. Mizuho Securities USA LLC now owns 9,210 shares of the company’s stock valued at $29,012,000 after acquiring an additional 7,879 shares in the last quarter. Institutional investors own 92.74% 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.