Leeward Investments LLC MA Makes New $9.98 Million Investment in AutoZone, Inc. (NYSE:AZO)

Leeward Investments LLC MA purchased a new position in AutoZone, Inc. (NYSE:AZO – Get Rating) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,880 shares of the company’s stock, valued at approximately $9,978,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Comprehensive Financial Consultants Institutional Inc. bought a new position in shares of AutoZone in the fourth quarter worth about $27,000. Riverview Trust Co bought a new position in shares of AutoZone in the first quarter worth about $27,000. Johnson Financial Group Inc. bought a new position in shares of AutoZone in the fourth quarter worth about $36,000. Steward Financial Group LLC bought a new position in shares of AutoZone in the first quarter worth about $36,000. Finally, Larson Financial Group LLC increased its stake in shares of AutoZone by 157.1% in the fourth quarter. Larson Financial Group LLC now owns 18 shares of the company’s stock worth $38,000 after purchasing an additional 11 shares during the period. Institutional investors and hedge funds own 95.97% of the company’s stock.

AutoZone Stock Performance

NYSE:AZO opened at $2,195.19 on Friday. The stock’s fifty day moving average price is $2,119.73 and its two-hundred day moving average price is $2,032.20. AutoZone, Inc. has a 52-week low of $1,503.30 and a 52-week high of $2,267.40. The company has a market cap of $42.78 billion, a price-to-earnings ratio of 19.47, a P/E/G ratio of 1.63 and a beta of 0.78.

AutoZone (NYSE:AZO – Get Rating) last posted its quarterly earnings data on Tuesday, May 24th. The company reported $29.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $25.87 by $3.16. AutoZone had a negative return on equity of 92.10% and a net margin of 15.21%. The firm had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the prior year, the business earned $26.48 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, equities analysts predict that AutoZone, Inc. will post 115.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other AutoZone news, VP Domingo Hurtado sold 395 shares of the company’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $2,217.53, for a total transaction of $875,924.35. Following the transaction, the vice president now owns 362 shares of the company’s stock, valued at approximately $802,745.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Brian Hannasch purchased 133 shares of the business’s stock in a transaction dated Thursday, May 26th. The shares were bought at an average price of $1,901.95 per share, with a total value of $252,959.35. Following the purchase, the director now directly owns 512 shares in the company, valued at approximately $973,798.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Domingo Hurtado sold 395 shares of the stock in a transaction on Friday, July 15th. The shares were sold at an average price of $2,217.53, for a total value of $875,924.35. Following the completion of the transaction, the vice president now directly owns 362 shares in the company, valued at approximately $802,745.86. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AZO shares. Stephens lifted their price objective on AutoZone from $2,195.00 to $2,285.00 and gave the stock an “overweight” rating in a research note on Thursday, May 26th. Raymond James boosted their price target on AutoZone from $2,100.00 to $2,400.00 and gave the company an “outperform” rating in a research note on Tuesday, April 19th. Citigroup boosted their price target on AutoZone from $2,210.00 to $2,250.00 in a research note on Friday, May 13th. Truist Financial lowered their price target on AutoZone from $2,215.00 to $2,174.00 and set a “buy” rating on the stock in a research note on Wednesday, May 25th. Finally, Morgan Stanley upgraded AutoZone from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $2,125.00 to $2,420.00 in a research note on Thursday, June 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,169.41.

AutoZone Profile

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AutoZone, Inc retails and distributes automotive replacement parts and accessories. The company offers 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. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps, as well as tire repairs.