Koshinski Asset Management Inc. Has $3.38 Million Holdings in AutoZone, Inc. $AZO

Koshinski Asset Management Inc. lowered its stake in shares of AutoZone, Inc. (NYSE:AZO) by 16.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 996 shares of the company’s stock after selling 196 shares during the quarter. Koshinski Asset Management Inc.’s holdings in AutoZone were worth $3,377,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AZO. Turning Point Benefit Group Inc. acquired a new stake in AutoZone during the third quarter worth approximately $25,000. Raleigh Capital Management Inc. acquired a new stake in AutoZone during the third quarter worth approximately $26,000. Torren Management LLC acquired a new stake in AutoZone during the fourth quarter worth approximately $27,000. Global Trust Asset Management LLC grew its position in AutoZone by 600.0% during the third quarter. Global Trust Asset Management LLC now owns 7 shares of the company’s stock worth $30,000 after buying an additional 6 shares in the last quarter. Finally, Elevated Capital Advisors LLC acquired a new stake in AutoZone during the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Stock Performance

AutoZone stock opened at $3,552.69 on Friday. AutoZone, Inc. has a 52 week low of $3,210.72 and a 52 week high of $4,388.11. The stock has a market capitalization of $58.55 billion, a P/E ratio of 24.89, a price-to-earnings-growth ratio of 1.81 and a beta of 0.43. The stock has a fifty day moving average of $3,530.25 and a 200-day moving average of $3,617.57.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, March 3rd. The company reported $27.63 earnings per share for the quarter, beating analysts’ consensus estimates of $27.59 by $0.04. AutoZone had a net margin of 12.47% and a negative return on equity of 72.31%. The company had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.31 billion. During the same period last year, the company posted $28.29 EPS. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, research analysts forecast that AutoZone, Inc. will post 148.93 earnings per share for the current year.

Insider Buying and Selling at AutoZone

In other news, Director Earl G. Graves, Jr. sold 50 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $3,478.72, for a total value of $173,936.00. Following the sale, the director directly owned 4,837 shares in the company, valued at approximately $16,826,568.64. This trade represents a 1.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AZO. The Goldman Sachs Group increased their price target on AutoZone from $4,274.00 to $4,345.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Oppenheimer reiterated an “outperform” rating and set a $4,300.00 price objective (up from $4,150.00) on shares of AutoZone in a research note on Tuesday, March 10th. Truist Financial reduced their price objective on shares of AutoZone from $4,076.00 to $4,045.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. TD Cowen reduced their price objective on shares of AutoZone from $4,400.00 to $4,250.00 and set a “buy” rating on the stock in a research note on Monday, March 16th. Finally, Evercore increased their price objective on shares of AutoZone from $4,100.00 to $4,125.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $4,312.13.

AutoZone 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.