AutoZone, Inc. (NYSE:AZO) Shares Sold by Swedbank AB

Swedbank AB decreased its stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,480 shares of the company's stock after selling 137 shares during the period. Swedbank AB owned 0.10% of AutoZone worth $52,769,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Capital Performance Advisors LLP purchased a new position in shares of AutoZone in the 3rd quarter worth $36,000. Carolina Wealth Advisors LLC purchased a new position in shares of AutoZone in the 3rd quarter worth about $47,000. Darwin Wealth Management LLC acquired a new position in shares of AutoZone in the 3rd quarter valued at about $47,000. McIlrath & Eck LLC grew its holdings in shares of AutoZone by 25.0% during the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company's stock worth $63,000 after purchasing an additional 4 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new stake in AutoZone during the 3rd quarter worth approximately $66,000. Hedge funds and other institutional investors own 92.74% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on AZO shares. Wells Fargo & Company boosted their price objective on shares of AutoZone from $3,450.00 to $3,750.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. Argus upped their price target on shares of AutoZone from $3,560.00 to $3,678.00 and gave the stock a "buy" rating in a research report on Thursday, January 2nd. TD Cowen boosted their price objective on AutoZone from $3,450.00 to $3,800.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. Guggenheim raised their target price on AutoZone from $3,350.00 to $3,750.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Finally, The Goldman Sachs Group lowered AutoZone from a "buy" rating to a "sell" rating and reduced their price target for the stock from $3,205.00 to $2,917.00 in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $3,429.84.

AutoZone Stock Performance

Shares of NYSE AZO traded up $32.79 during trading on Thursday, reaching $3,346.84. The stock had a trading volume of 15,533 shares, compared to its average volume of 105,248. The stock has a market cap of $56.17 billion, a PE ratio of 22.38, a P/E/G ratio of 1.84 and a beta of 0.71. AutoZone, Inc. has a one year low of $2,672.31 and a one year high of $3,437.63. The firm's 50 day moving average price is $3,252.46 and its two-hundred day moving average price is $3,160.68.

AutoZone (NYSE:AZO - Get Free Report) last issued its earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share 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 business had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the company posted $32.55 earnings per share. The firm's revenue for the quarter was up 2.1% on a year-over-year basis. On average, research analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current year.

About AutoZone

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.