Campbell Capital Management Inc. Makes New $281,000 Investment in AutoZone, Inc. (NYSE:AZO)

Campbell Capital Management Inc. purchased a new position in shares of AutoZone, Inc. (NYSE:AZO) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 200 shares of the company’s stock, valued at approximately $281,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Paces Ferry Wealth Advisors LLC acquired a new position in AutoZone during the third quarter worth approximately $33,000. Key Financial Inc acquired a new position in AutoZone during the fourth quarter worth approximately $40,000. Freedman Financial Associates Inc. acquired a new position in AutoZone during the fourth quarter worth approximately $58,000. Vantage Consulting Group Inc acquired a new position in AutoZone during the fourth quarter worth approximately $72,000. Finally, Kathmere Capital Management LLC acquired a new position in AutoZone during the third quarter worth approximately $88,000. 91.56% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:AZO traded down $8.71 during midday trading on Thursday, hitting $1,414.56. The company had a trading volume of 1,567 shares, compared to its average volume of 252,528. AutoZone, Inc. has a 52-week low of $891.19 and a 52-week high of $1,446.24. The stock’s fifty day moving average price is $1,283.54 and its 200-day moving average price is $1,201.06. The company has a market capitalization of $31.17 billion, a PE ratio of 18.58, a P/E/G ratio of 2.95 and a beta of 0.83.

AutoZone (NYSE:AZO) last announced its earnings results on Monday, March 1st. The company reported $14.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.84 by $2.09. AutoZone had a net margin of 14.05% and a negative return on equity of 139.08%. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same period in the previous year, the business earned $12.39 earnings per share. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. On average, sell-side analysts predict that AutoZone, Inc. will post 75 earnings per share for the current year.

A number of equities analysts have weighed in on AZO shares. Wells Fargo & Company boosted their price target on AutoZone from $1,500.00 to $1,600.00 and gave the stock an “overweight” rating in a research report on Monday, March 29th. They noted that the move was a valuation call. The Goldman Sachs Group started coverage on AutoZone in a research note on Wednesday, March 10th. They issued a “buy” rating and a $1,424.00 price target for the company. Citigroup assumed coverage on shares of AutoZone in a report on Monday, March 15th. They issued a “buy” rating and a $1,424.00 price target on the stock. Morgan Stanley lifted their price objective on shares of AutoZone from $1,505.00 to $1,640.00 and gave the company an “overweight” rating in a research note on Wednesday, March 31st. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell assumed coverage on shares of AutoZone in a research note on Monday, March 15th. They issued a “buy” rating and a $1,424.00 price objective for the company. Three analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $1,383.04.

In related news, VP Mitchell C. Major sold 2,130 shares of the company’s stock in a transaction on Friday, January 8th. The shares were sold at an average price of $1,245.62, for a total value of $2,653,170.60. Following the completion of the transaction, the vice president now directly owns 2,722 shares in the company, valued at $3,390,577.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Philip B. Daniele sold 3,060 shares of the company’s stock in a transaction on Friday, March 5th. The stock was sold at an average price of $1,191.16, for a total transaction of $3,644,949.60. Insiders sold 30,477 shares of company stock valued at $38,615,664 over the last quarter. 2.80% of the stock is owned by company insiders.

AutoZone Company 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, 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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