Global Retirement Partners LLC Has $1.32 Million Stock Position in AutoZone, Inc. $AZO

Global Retirement Partners LLC increased its position in AutoZone, Inc. (NYSE:AZO) by 498.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 389 shares of the company’s stock after purchasing an additional 324 shares during the quarter. Global Retirement Partners LLC’s holdings in AutoZone were worth $1,319,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AZO. Turning Point Benefit Group Inc. acquired a new stake in AutoZone in the third quarter worth about $25,000. Raleigh Capital Management Inc. acquired a new stake in AutoZone in the third quarter worth about $26,000. Torren Management LLC acquired a new stake in AutoZone in the fourth quarter worth about $27,000. Elevated Capital Advisors LLC acquired a new stake in AutoZone in the fourth quarter worth about $37,000. Finally, Ares Financial Consulting LLC acquired a new stake in AutoZone in the fourth quarter worth about $37,000. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AutoZone

In other news, Director Earl G. Graves, Jr. sold 50 shares of AutoZone stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $3,478.72, for a total transaction of $173,936.00. Following the transaction, the director owned 4,837 shares in the company, valued at $16,826,568.64. The trade was a 1.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.60% of the company’s stock.

AutoZone Trading Down 0.1%

Shares of AZO opened at $3,401.96 on Monday. AutoZone, Inc. has a 1 year low of $3,210.72 and a 1 year high of $4,388.11. The stock has a market cap of $56.06 billion, a P/E ratio of 23.83, a price-to-earnings-growth ratio of 1.74 and a beta of 0.43. The stock’s 50-day moving average price is $3,461.57 and its two-hundred day moving average price is $3,585.57.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, March 3rd. The company reported $27.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $27.59 by $0.04. AutoZone had a negative return on equity of 72.31% and a net margin of 12.47%.The firm had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.31 billion. During the same quarter last year, the business earned $28.29 earnings per share. The company’s revenue was up 8.2% compared to the same quarter last year. As a group, equities analysts forecast that AutoZone, Inc. will post 149.16 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Mizuho lifted their price objective on AutoZone from $3,550.00 to $3,600.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. Truist Financial lowered their price objective on AutoZone from $4,076.00 to $4,045.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Evercore raised their target price on AutoZone from $4,100.00 to $4,125.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Barclays raised their target price on AutoZone from $3,800.00 to $3,900.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Finally, BMO Capital Markets reduced their target price on AutoZone from $4,400.00 to $4,300.00 and set an “outperform” rating on the stock in a report on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $4,290.91.

AutoZone Company Profile

AutoZone, Inc (NYSE: AZO) is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.

AutoZone serves both do‑it‑yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.