Flagship Wealth Advisors LLC Takes $32,000 Position in AutoZone, Inc. (NYSE:AZO)

Flagship Wealth Advisors LLC bought a new stake in shares of AutoZone, Inc. (NYSE:AZO) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10 shares of the company’s stock, valued at approximately $32,000.

Several other large investors also recently modified their holdings of the business. Franklin Resources Inc. lifted its position in shares of AutoZone by 18.1% during the third quarter. Franklin Resources Inc. now owns 44,946 shares of the company’s stock worth $141,717,000 after purchasing an additional 6,898 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of AutoZone by 186.8% during the third quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company’s stock worth $292,544,000 after purchasing an additional 60,483 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of AutoZone by 29.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 34,808 shares of the company’s stock worth $111,455,000 after purchasing an additional 7,922 shares during the last quarter. Silverleafe Capital Partners LLC lifted its position in shares of AutoZone by 1.0% during the fourth quarter. Silverleafe Capital Partners LLC now owns 2,642 shares of the company’s stock worth $8,460,000 after purchasing an additional 26 shares during the last quarter. Finally, Pensionfund Sabic lifted its position in shares of AutoZone by 51.3% during the fourth quarter. Pensionfund Sabic now owns 590 shares of the company’s stock worth $1,889,000 after purchasing an additional 200 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other AutoZone news, SVP Bailey L. Childress sold 160 shares of AutoZone stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $3,550.00, for a total value of $568,000.00. Following the transaction, the senior vice president now owns 50 shares in the company, valued at approximately $177,500. The trade was a 76.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP K. Michelle Borninkhof sold 136 shares of AutoZone stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $3,550.08, for a total transaction of $482,810.88. Following the completion of the transaction, the senior vice president now owns 403 shares in the company, valued at approximately $1,430,682.24. This trade represents a 25.23 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,871 shares of company stock worth $6,720,811. 2.10% of the stock is owned by insiders.

AutoZone Price Performance

NYSE AZO opened at $3,611.51 on Wednesday. AutoZone, Inc. has a 12 month low of $2,728.97 and a 12 month high of $3,704.43. The firm has a market capitalization of $60.61 billion, a PE ratio of 24.13, a P/E/G ratio of 1.86 and a beta of 0.71. The company’s 50 day simple moving average is $3,415.14 and its 200 day simple moving average is $3,250.39.

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

Analyst Upgrades and Downgrades

AZO has been the topic of a number of recent research reports. Roth Capital set a $3,763.00 target price on shares of AutoZone in a report on Wednesday, March 5th. 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. Raymond James reissued a “strong-buy” rating on shares of AutoZone in a report on Wednesday, March 5th. JPMorgan Chase & Co. raised their target price on shares of AutoZone from $3,775.00 to $3,830.00 and gave the stock an “overweight” rating in a report on Wednesday, March 5th. Finally, Mizuho raised their target price on shares of AutoZone from $3,600.00 to $3,740.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat.com, AutoZone presently has an average rating of “Moderate Buy” and an average price target of $3,651.91.

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.