Thrivent Financial for Lutherans Acquires 3,054 Shares of AutoZone, Inc. (NYSE:AZO)

Thrivent Financial for Lutherans lifted its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 266.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,199 shares of the company’s stock after purchasing an additional 3,054 shares during the period. Thrivent Financial for Lutherans’ holdings in AutoZone were worth $3,520,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its holdings in AutoZone by 4.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,034,551 shares of the company’s stock worth $1,578,202,000 after purchasing an additional 84,961 shares during the last quarter. BlackRock Inc. raised its holdings in AutoZone by 0.8% in the 4th quarter. BlackRock Inc. now owns 1,884,687 shares of the company’s stock valued at $1,580,008,000 after acquiring an additional 14,276 shares in the last quarter. Geode Capital Management LLC raised its holdings in AutoZone by 4.3% in the 4th quarter. Geode Capital Management LLC now owns 353,880 shares of the company’s stock valued at $296,182,000 after acquiring an additional 14,661 shares in the last quarter. Two Sigma Advisers LP raised its holdings in AutoZone by 766.3% in the 4th quarter. Two Sigma Advisers LP now owns 271,957 shares of the company’s stock valued at $227,992,000 after acquiring an additional 240,565 shares in the last quarter. Finally, Ackerman Capital Advisors LLC acquired a new position in AutoZone in the 4th quarter valued at $240,000. Institutional investors and hedge funds own 95.06% of the company’s stock.

A number of research firms have recently commented on AZO. JPMorgan Chase & Co. boosted their price target on AutoZone from $995.00 to $1,126.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Citigroup assumed coverage on AutoZone in a report on Monday, April 1st. They set a “buy” rating and a $1,206.00 price target for the company. Morgan Stanley boosted their price objective on AutoZone from $980.00 to $1,050.00 and gave the stock an “equal weight” rating in a research report on Friday, March 29th. Evercore ISI assumed coverage on AutoZone in a research report on Wednesday, March 20th. They set an “in-line” rating and a $1,030.00 price objective on the stock. Finally, Bank of America upgraded AutoZone from a “neutral” rating to a “buy” rating in a research report on Monday, March 11th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $960.13.

Shares of AutoZone stock traded down $6.32 on Friday, hitting $1,045.05. The company had a trading volume of 268,835 shares, compared to its average volume of 262,759. The company has a market cap of $26.01 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 1.41 and a beta of 0.69. AutoZone, Inc. has a 1 year low of $590.76 and a 1 year high of $1,074.67.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, February 26th. The company reported $11.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.97 by $1.52. AutoZone had a negative return on equity of 98.24% and a net margin of 12.49%. The company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same period in the prior year, the company posted $8.47 earnings per share. AutoZone’s quarterly revenue was up 1.6% on a year-over-year basis. Equities analysts expect that AutoZone, Inc. will post 61.74 EPS for the current fiscal year.

In related news, insider Philip B. Daniele sold 740 shares of the stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $920.00, for a total value of $680,800.00. Following the sale, the insider now owns 1,105 shares in the company, valued at $1,016,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Earl G. Graves, Jr. sold 250 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $1,038.68, for a total value of $259,670.00. Following the sale, the director now owns 4,357 shares in the company, valued at approximately $4,525,528.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,640 shares of company stock valued at $10,370,907. 2.80% of the stock is owned by corporate insiders.

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AutoZone Profile

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, carburetors, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps.

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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