Stephens Inc. AR lessened its holdings in AutoZone, Inc. (NYSE:AZO - Free Report) by 6.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,280 shares of the company's stock after selling 226 shares during the quarter. Stephens Inc. AR's holdings in AutoZone were worth $10,503,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. International Assets Investment Management LLC increased its holdings in AutoZone by 354,692.5% in the 3rd quarter. International Assets Investment Management LLC now owns 993,419 shares of the company's stock valued at $31,293,100,000 after buying an additional 993,139 shares during the period. Geode Capital Management LLC increased its holdings in AutoZone by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 421,716 shares of the company's stock valued at $1,326,545,000 after buying an additional 7,365 shares during the period. Marshfield Associates increased its holdings in AutoZone by 0.5% in the 3rd quarter. Marshfield Associates now owns 169,586 shares of the company's stock valued at $534,204,000 after buying an additional 796 shares during the period. Strategic Financial Concepts LLC bought a new stake in AutoZone in the 4th quarter valued at $471,629,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in AutoZone by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 104,665 shares of the company's stock valued at $329,699,000 after buying an additional 466 shares during the period. Institutional investors own 92.74% of the company's stock.
AutoZone Stock Performance
NYSE:AZO traded up $37.58 on Thursday, hitting $3,470.54. 68,730 shares of the stock were exchanged, compared to its average volume of 104,556. The stock has a market capitalization of $58.24 billion, a price-to-earnings ratio of 23.19, a P/E/G ratio of 1.92 and a beta of 0.70. AutoZone, Inc. has a 52 week low of $2,680.96 and a 52 week high of $3,484.42. The company's 50-day moving average price is $3,307.21 and its 200 day moving average price is $3,192.41.
AutoZone (NYSE:AZO - Get Free Report) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 earnings per share for the quarter, missing the consensus estimate of $33.69 by ($1.17). The firm had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $32.55 earnings per share. As a group, equities research analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current year.
Analyst Ratings Changes
Several equities research analysts have recently commented on AZO shares. Argus boosted their target price on shares of AutoZone from $3,560.00 to $3,678.00 and gave the company a "buy" rating in a research note on Thursday, January 2nd. BMO Capital Markets started coverage on shares of AutoZone in a research note on Friday, December 13th. They issued an "outperform" rating and a $3,700.00 target price on the stock. Mizuho boosted their target price on shares of AutoZone from $3,350.00 to $3,600.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Citigroup boosted their target price on shares of AutoZone from $3,500.00 to $3,900.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Finally, Guggenheim boosted their target price on shares of AutoZone from $3,350.00 to $3,750.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $3,429.84.
Read Our Latest Report on AutoZone
AutoZone Company Profile
(
Free Report)
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.
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