Mirae Asset Global Investments Co. Ltd. Purchases 299 Shares of AutoZone, Inc. (NYSE:AZO)

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 13.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,534 shares of the company's stock after buying an additional 299 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in AutoZone were worth $8,149,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AZO. Park Avenue Securities LLC boosted its stake in AutoZone by 3.7% during the third quarter. Park Avenue Securities LLC now owns 167 shares of the company's stock worth $526,000 after acquiring an additional 6 shares in the last quarter. Atomi Financial Group Inc. boosted its stake in AutoZone by 81.5% during the third quarter. Atomi Financial Group Inc. now owns 167 shares of the company's stock worth $526,000 after acquiring an additional 75 shares in the last quarter. CWM LLC boosted its stake in AutoZone by 27.2% during the third quarter. CWM LLC now owns 435 shares of the company's stock worth $1,371,000 after acquiring an additional 93 shares in the last quarter. Patten Group Inc. bought a new position in AutoZone during the third quarter worth $230,000. Finally, UMB Bank n.a. boosted its stake in AutoZone by 17.9% during the third quarter. UMB Bank n.a. now owns 33 shares of the company's stock worth $104,000 after acquiring an additional 5 shares in the last quarter. 92.74% of the stock is owned by institutional investors.

AutoZone Stock Performance

AZO traded up $20.90 during midday trading on Tuesday, reaching $3,448.45. The company had a trading volume of 82,947 shares, compared to its average volume of 107,542. The stock has a market cap of $57.86 billion, a PE ratio of 23.04, a P/E/G ratio of 1.92 and a beta of 0.70. AutoZone, Inc. has a 12-month low of $2,672.31 and a 12-month high of $3,484.42. The business has a 50-day moving average price of $3,297.17 and a two-hundred day moving average price of $3,188.22.

AutoZone (NYSE:AZO - Get Free Report) last released 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 net margin of 14.18% and a negative return on equity of 53.89%. The company had revenue of $4.28 billion during the quarter, compared to analysts' expectations of $4.30 billion. During the same quarter in the previous year, the firm earned $32.55 earnings per share. The firm's revenue was up 2.1% compared to the same quarter last year. On average, research analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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 issued an "outperform" rating and a $3,700.00 price objective on the stock. TD Cowen lifted their price objective on shares of AutoZone from $3,450.00 to $3,800.00 and gave the company a "buy" rating in a report on Monday, December 16th. Barclays lifted their price objective on shares of AutoZone from $3,024.00 to $3,585.00 and gave the company an "overweight" rating in a report on Thursday, January 9th. Guggenheim lifted their price objective on shares of AutoZone from $3,350.00 to $3,750.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Finally, Mizuho lifted their price objective on shares of AutoZone from $3,350.00 to $3,600.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $3,429.84.

AutoZone Company 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.