AutoZone, Inc. (NYSE:AZO) Holdings Boosted by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 29.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,808 shares of the company's stock after acquiring an additional 7,922 shares during the period. Assenagon Asset Management S.A. owned 0.21% of AutoZone worth $111,455,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Fifth Third Wealth Advisors LLC grew its position in AutoZone by 56.6% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 249 shares of the company's stock valued at $797,000 after acquiring an additional 90 shares during the period. Crestmont Private Wealth LLC lifted its stake in shares of AutoZone by 4.5% in the 4th quarter. Crestmont Private Wealth LLC now owns 139 shares of the company's stock valued at $445,000 after purchasing an additional 6 shares in the last quarter. Oak Thistle LLC grew its holdings in shares of AutoZone by 48.6% during the 4th quarter. Oak Thistle LLC now owns 379 shares of the company's stock worth $1,214,000 after purchasing an additional 124 shares during the period. Signal Advisors Wealth LLC increased its position in AutoZone by 4.0% during the 4th quarter. Signal Advisors Wealth LLC now owns 469 shares of the company's stock worth $1,501,000 after purchasing an additional 18 shares in the last quarter. Finally, Pallas Capital Advisors LLC increased its position in AutoZone by 6.2% during the 4th quarter. Pallas Capital Advisors LLC now owns 69 shares of the company's stock worth $221,000 after purchasing an additional 4 shares in the last quarter. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

AutoZone Stock Performance

Shares of AZO stock traded down $20.14 during trading hours on Wednesday, hitting $3,207.66. 103,716 shares of the company were exchanged, compared to its average volume of 113,479. The stock has a market capitalization of $53.83 billion, a price-to-earnings ratio of 21.43, a P/E/G ratio of 1.73 and a beta of 0.71. AutoZone, Inc. has a one year low of $2,575.00 and a one year high of $3,416.71. The business's 50-day simple moving average is $3,219.74 and its two-hundred day simple moving average is $3,129.05.

AutoZone (NYSE:AZO - Get Free Report) last released its earnings results on Tuesday, December 10th. The company reported $32.52 EPS for the quarter, missing analysts' consensus estimates of $33.69 by ($1.17). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The firm had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the prior year, the business earned $32.55 EPS. The company's quarterly revenue was up 2.1% on a year-over-year basis. As a group, analysts anticipate that AutoZone, Inc. will post 154.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AZO has been the topic of a number of recent research reports. BMO Capital Markets started coverage on shares of AutoZone in a research note on Friday, December 13th. They set an "outperform" rating and a $3,700.00 price objective for the company. StockNews.com cut shares of AutoZone from a "buy" rating to a "hold" rating in a research report on Saturday, September 21st. Roth Mkm reiterated a "buy" rating and issued a $3,634.00 price target on shares of AutoZone in a report on Wednesday, October 16th. Evercore ISI boosted their price objective on AutoZone from $3,400.00 to $3,450.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Finally, Morgan Stanley increased their target price on AutoZone from $3,038.00 to $3,125.00 and gave the company an "overweight" rating in a research note on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $3,429.84.

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.