Lee Danner & Bass Inc. Sells 8 Shares of AutoZone, Inc. (NYSE:AZO)

Lee Danner & Bass Inc. lessened its position in shares of AutoZone, Inc. (NYSE:AZO) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 190 shares of the company’s stock after selling 8 shares during the quarter. Lee Danner & Bass Inc.’s holdings in AutoZone were worth $608,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of AZO. Geode Capital Management LLC increased its stake in AutoZone by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 421,716 shares of the company’s stock valued at $1,326,545,000 after purchasing an additional 7,365 shares in the last quarter. Proficio Capital Partners LLC increased its stake in AutoZone by 482,040.2% during the 4th quarter. Proficio Capital Partners LLC now owns 419,462 shares of the company’s stock valued at $1,343,117,000 after purchasing an additional 419,375 shares in the last quarter. PineStone Asset Management Inc. increased its stake in AutoZone by 6.9% during the 4th quarter. PineStone Asset Management Inc. now owns 213,575 shares of the company’s stock valued at $683,867,000 after purchasing an additional 13,771 shares in the last quarter. Marshfield Associates increased its stake in AutoZone by 0.5% during the 3rd quarter. Marshfield Associates now owns 169,586 shares of the company’s stock valued at $534,204,000 after purchasing an additional 796 shares in the last quarter. Finally, Baillie Gifford & Co. increased its stake in AutoZone by 35.6% during the 4th quarter. Baillie Gifford & Co. now owns 163,089 shares of the company’s stock valued at $522,211,000 after purchasing an additional 42,776 shares in the last quarter. Institutional investors own 92.74% of the company’s stock.

Insider Activity at AutoZone

In related news, VP Richard Craig Smith sold 2,850 shares of the business’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $3,610.00, for a total value of $10,288,500.00. Following the sale, the vice president now directly owns 2,924 shares in the company, valued at $10,555,640. The trade was a 49.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Dennis W. Leriche sold 1,575 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $3,600.00, for a total transaction 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. The trade was a 79.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,721 shares of company stock worth $17,009,311 in the last three months. Insiders own 2.10% of the company’s stock.

AutoZone Stock Performance

NYSE AZO opened at $3,605.88 on Friday. The firm has a 50 day simple moving average of $3,433.28 and a 200-day simple moving average of $3,257.92. AutoZone, Inc. has a one year low of $2,728.97 and a one year high of $3,704.43. The firm has a market cap of $60.51 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 1.86 and a beta of 0.71.

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Truist Financial upped their price target on shares of AutoZone from $3,753.00 to $3,841.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. BMO Capital Markets upped their price objective 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. Bank of America upped their price objective on shares of AutoZone from $3,600.00 to $3,700.00 and gave the company a “neutral” rating in a report on Wednesday, March 5th. Raymond James reaffirmed a “strong-buy” rating on shares of AutoZone in a report on Wednesday, March 5th. Finally, Roth Capital set a $3,763.00 price objective on shares of AutoZone in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, sixteen have assigned a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, AutoZone has an average rating of “Moderate Buy” and a consensus price target of $3,683.36.

About AutoZone

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.