Camelot Portfolios LLC Has $534,000 Stake in AutoZone, Inc. (AZO)

Camelot Portfolios LLC lessened its stake in shares of AutoZone, Inc. (NYSE:AZO) by 65.7% in the first quarter, Holdings Channel reports. The institutional investor owned 521 shares of the company’s stock after selling 999 shares during the quarter. Camelot Portfolios LLC’s holdings in AutoZone were worth $534,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. W.E. Donoghue & Co. LLC acquired a new stake in shares of AutoZone during the 1st quarter worth about $2,900,000. FMR LLC lifted its stake in shares of AutoZone by 3.7% during the 4th quarter. FMR LLC now owns 1,403,413 shares of the company’s stock worth $1,176,537,000 after buying an additional 49,662 shares during the last quarter. Nippon Life Global Investors Americas Inc. acquired a new stake in shares of AutoZone during the 4th quarter worth about $2,691,000. State Treasurer State of Michigan lifted its stake in shares of AutoZone by 413.3% during the 4th quarter. State Treasurer State of Michigan now owns 40,364 shares of the company’s stock worth $33,839,000 after buying an additional 32,500 shares during the last quarter. Finally, Polianta Ltd acquired a new stake in shares of AutoZone during the 4th quarter worth about $1,173,000. Institutional investors own 95.22% of the company’s stock.

A number of analysts have recently issued reports on AZO shares. Bank of America upgraded shares of AutoZone from a “neutral” rating to a “buy” rating in a research note on Monday, March 11th. Morgan Stanley raised their target price on shares of AutoZone from $870.00 to $900.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 23rd. Credit Suisse Group restated a “hold” rating on shares of AutoZone in a research note on Wednesday, February 20th. Wedbush restated an “outperform” rating and set a $1,030.00 target price (up previously from $970.00) on shares of AutoZone in a research note on Wednesday, February 27th. Finally, Deutsche Bank raised their target price on shares of AutoZone from $960.00 to $1,035.00 and gave the stock a “buy” rating in a research note on Wednesday, February 27th. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. AutoZone presently has an average rating of “Buy” and an average price target of $964.89.

Shares of AutoZone stock opened at $1,033.55 on Friday. AutoZone, Inc. has a twelve month low of $597.00 and a twelve month high of $1,074.67. The stock has a market capitalization of $25.72 billion, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 1.41 and a beta of 0.69.

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

In other news, VP Albert Saltiel sold 2,150 shares of the business’s stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $912.11, for a total value of $1,961,036.50. Following the completion of the transaction, the vice president now directly owns 2,308 shares in the company, valued at approximately $2,105,149.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Philip B. Daniele sold 740 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $920.00, for a total transaction of $680,800.00. Following the completion of the transaction, the insider now owns 1,105 shares of the company’s stock, valued at $1,016,600. The disclosure for this sale can be found here. Insiders sold a total of 10,640 shares of company stock valued at $10,370,907 over the last 90 days. Corporate insiders own 2.80% of the company’s stock.

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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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