Twin Tree Management LP Has $1.66 Million Holdings in AutoZone, Inc. (NYSE:AZO)

Twin Tree Management LP cut its holdings in AutoZone, Inc. (NYSE:AZO) by 74.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 518 shares of the company’s stock after selling 1,549 shares during the quarter. Twin Tree Management LP’s holdings in AutoZone were worth $1,659,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Pittenger & Anderson Inc. boosted its stake in AutoZone by 5.2% in the fourth quarter. Pittenger & Anderson Inc. now owns 61 shares of the company’s stock valued at $195,000 after buying an additional 3 shares in the last quarter. Sound View Wealth Advisors Group LLC boosted its stake in shares of AutoZone by 2.0% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 152 shares of the company’s stock valued at $487,000 after purchasing an additional 3 shares in the last quarter. Harbour Investments Inc. boosted its stake in shares of AutoZone by 42.9% during 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 in the last quarter. Moors & Cabot Inc. boosted its stake in shares of AutoZone by 4.2% during the third quarter. Moors & Cabot Inc. now owns 99 shares of the company’s stock valued at $312,000 after purchasing an additional 4 shares in the last quarter. Finally, McIlrath & Eck LLC boosted its stake in shares of AutoZone by 25.0% during the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after purchasing an additional 4 shares in the last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AZO. BMO Capital Markets lifted their price target on AutoZone from $3,700.00 to $3,850.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Morgan Stanley lifted their price target on AutoZone from $3,490.00 to $3,750.00 and gave the company an “overweight” rating in a research note on Wednesday, March 5th. TD Cowen lifted their price target on AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a research note on Monday, December 16th. JPMorgan Chase & Co. raised their price objective on AutoZone from $3,775.00 to $3,830.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Finally, Citigroup raised their price objective on AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $3,651.91.

AutoZone Stock Down 0.3 %

NYSE AZO opened at $3,611.51 on Wednesday. The company has a market cap of $60.61 billion, a price-to-earnings ratio of 24.13, a P/E/G ratio of 1.86 and a beta of 0.71. AutoZone, Inc. has a 52 week low of $2,728.97 and a 52 week high of $3,704.43. The business has a 50 day moving average price of $3,415.14 and a 200-day moving average price of $3,250.39.

AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing the consensus estimate of $29.11 by ($0.82). The firm had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.98 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. On average, equities research analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Insider Activity

In related news, SVP Bailey L. Childress sold 160 shares of AutoZone stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the transaction, the senior vice president now owns 50 shares of the company’s stock, valued at $177,500. The trade was a 76.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Dennis W. Leriche sold 1,575 shares of AutoZone stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $3,600.00, for a total value of $5,670,000.00. Following the transaction, the vice president now directly owns 417 shares in the company, valued at approximately $1,501,200. The trade was a 79.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,871 shares of company stock worth $6,720,811 over the last quarter. 2.10% of the stock is currently owned by corporate insiders.

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.