Crux Wealth Advisors Invests $231,000 in AutoZone, Inc. (NYSE:AZO)

Crux Wealth Advisors acquired a new stake in AutoZone, Inc. (NYSE:AZO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 72 shares of the company’s stock, valued at approximately $231,000.

Other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC grew 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 during the last quarter. Norges Bank purchased a new stake in AutoZone in the fourth quarter valued at approximately $834,556,000. Strategic Financial Concepts LLC acquired a new position in AutoZone in the 4th quarter worth approximately $471,629,000. Wealthfront Advisers LLC raised its position in AutoZone by 6,083.9% during the 4th quarter. Wealthfront Advisers LLC now owns 90,656 shares of the company’s stock worth $290,281,000 after buying an additional 89,190 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in AutoZone during the 4th quarter valued at approximately $189,483,000. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of AutoZone from $3,750.00 to $3,850.00 and gave the stock an “overweight” rating in a report on Wednesday, March 5th. The Goldman Sachs Group upgraded AutoZone from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $3,044.00 to $3,811.00 in a research note on Tuesday, April 1st. Barclays boosted their price objective on AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. BMO Capital Markets raised their target price on AutoZone from $3,700.00 to $3,850.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Finally, Bank of America boosted their price target on AutoZone from $3,600.00 to $3,700.00 and gave the company a “neutral” rating in a report on Wednesday, March 5th. Five equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $3,724.00.

Insider Activity at AutoZone

In other AutoZone news, SVP Bailey L. Childress sold 160 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now owns 50 shares in the company, valued at $177,500. This represents a 76.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP K. Michelle Borninkhof sold 136 shares of AutoZone stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $3,550.08, for a total value of $482,810.88. Following the completion of the transaction, the senior vice president now owns 403 shares of the company’s stock, valued at $1,430,682.24. The trade was a 25.23 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,721 shares of company stock valued at $24,609,331. Corporate insiders own 2.10% of the company’s stock.

AutoZone Stock Performance

Shares of AZO opened at $3,656.09 on Friday. The stock has a 50 day moving average price of $3,556.50 and a 200 day moving average price of $3,325.86. AutoZone, Inc. has a one year low of $2,728.97 and a one year high of $3,916.81. The stock has a market capitalization of $61.36 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 1.86 and a beta of 0.54.

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

AutoZone 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.