AutoZone, Inc. (AZO) Holdings Lifted by Toronto Dominion Bank

Toronto Dominion Bank grew its position in AutoZone, Inc. (NYSE:AZO) by 5.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 19,435 shares of the company’s stock after buying an additional 1,031 shares during the period. Toronto Dominion Bank’s holdings in AutoZone were worth $19,899,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Berman Capital Advisors LLC purchased a new position in shares of AutoZone during the fourth quarter valued at approximately $26,000. Penserra Capital Management LLC purchased a new position in shares of AutoZone during the fourth quarter valued at approximately $30,000. Legacy Bridge LLC purchased a new position in shares of AutoZone during the first quarter valued at approximately $38,000. Lindbrook Capital LLC purchased a new position in shares of AutoZone during the fourth quarter valued at approximately $35,000. Finally, Private Capital Group LLC raised its holdings in shares of AutoZone by 252.4% during the first quarter. Private Capital Group LLC now owns 74 shares of the company’s stock valued at $76,000 after purchasing an additional 53 shares during the last quarter. 95.81% of the stock is owned by institutional investors and hedge funds.

Several analysts recently issued reports on AZO shares. Bank of America upgraded shares of AutoZone from a “neutral” rating to a “buy” rating in a research report on Monday, March 11th. Morgan Stanley boosted their target price on shares of AutoZone from $870.00 to $900.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 23rd. Credit Suisse Group restated a “hold” rating on shares of AutoZone in a research report on Wednesday, February 20th. Wedbush restated an “outperform” rating and set a $1,030.00 target price (up from $970.00) on shares of AutoZone in a research report on Wednesday, February 27th. Finally, Deutsche Bank boosted their target price on shares of AutoZone from $960.00 to $1,035.00 and gave the company a “buy” rating in a research report on Wednesday, February 27th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $994.50.

In other AutoZone news, VP Thomas B. Newbern sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $995.92, for a total value of $7,469,400.00. Following the completion of the transaction, the vice president now directly owns 12,073 shares in the company, valued at $12,023,742.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Earl G. Graves, Jr. sold 250 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $1,038.68, for a total transaction of $259,670.00. Following the completion of the transaction, the director now owns 4,357 shares of the company’s stock, valued at $4,525,528.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,640 shares of company stock valued at $10,370,907. Company insiders own 2.80% of the company’s stock.

Shares of AZO traded up $10.71 during mid-day trading on Thursday, reaching $989.07. The stock had a trading volume of 6,525 shares, compared to its average volume of 303,010. The firm has a market cap of $24.45 billion, a P/E ratio of 19.59, a PEG ratio of 1.32 and a beta of 0.67. AutoZone, Inc. has a 12 month low of $597.00 and a 12 month high of $1,074.67.

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

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About AutoZone

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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