Colonial Trust Co SC Purchases 12 Shares of AutoZone, Inc. (NYSE:AZO)

Colonial Trust Co SC increased its position in AutoZone, Inc. (NYSE:AZO) by 24.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61 shares of the company’s stock after buying an additional 12 shares during the quarter. Colonial Trust Co SC’s holdings in AutoZone were worth $197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Upgrades and Downgrades

AZO has been the subject of several recent research reports. Guggenheim increased their price target on AutoZone from $3,750.00 to $3,850.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Barclays increased their target price on shares of AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. JPMorgan Chase & Co. boosted their price target on shares of AutoZone from $3,775.00 to $3,830.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Roth Capital set a $3,763.00 price objective on shares of AutoZone in a research report on Wednesday, March 5th. Finally, BMO Capital Markets boosted their target price on shares of AutoZone from $3,700.00 to $3,850.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. Four research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, AutoZone presently has an average rating of “Buy” and a consensus price target of $3,821.91.

AutoZone Trading Down 1.9 %

AutoZone stock opened at $3,674.75 on Friday. The firm has a market capitalization of $61.67 billion, a price-to-earnings ratio of 24.55, a price-to-earnings-growth ratio of 1.86 and a beta of 0.44. The firm’s fifty day moving average price is $3,646.08 and its two-hundred day moving average price is $3,394.93. AutoZone, Inc. has a 1-year low of $2,728.97 and a 1-year high of $3,916.81.

AutoZone (NYSE:AZO) last released 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 for the quarter, compared to analyst estimates of $3.98 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. On average, research analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current year.

Insider Buying and Selling

In other news, VP Dennis W. Leriche sold 1,575 shares of the company’s 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 value of $5,670,000.00. Following the completion of the transaction, the vice president now directly owns 417 shares of the company’s stock, valued at $1,501,200. This represents a 79.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Bailey L. Childress sold 160 shares of AutoZone 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 sale, the senior vice president now owns 50 shares in the company, valued at $177,500. The trade was a 76.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,521 shares of company stock worth $42,177,331. 2.10% of the stock is owned by corporate insiders.

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.