Sawgrass Asset Management LLC Has $13.06 Million Holdings in AutoZone, Inc. (NYSE:AZO)

Sawgrass Asset Management LLC trimmed its holdings in AutoZone, Inc. (NYSE:AZO - Free Report) by 5.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,078 shares of the company's stock after selling 244 shares during the period. AutoZone accounts for approximately 1.4% of Sawgrass Asset Management LLC's holdings, making the stock its 24th largest holding. Sawgrass Asset Management LLC's holdings in AutoZone were worth $13,058,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AZO. Hemington Wealth Management boosted its position in AutoZone by 25.0% during the 4th quarter. Hemington Wealth Management now owns 30 shares of the company's stock worth $96,000 after purchasing an additional 6 shares during the period. Van ECK Associates Corp lifted its stake in shares of AutoZone by 11.4% during the fourth quarter. Van ECK Associates Corp now owns 2,638 shares of the company's stock worth $8,447,000 after purchasing an additional 270 shares in the last quarter. Lester Murray Antman dba SimplyRich lifted its stake in shares of AutoZone by 6.3% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 135 shares of the company's stock worth $432,000 after purchasing an additional 8 shares in the last quarter. Avidian Wealth Enterprises LLC boosted its position in shares of AutoZone by 3.2% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 194 shares of the company's stock worth $621,000 after buying an additional 6 shares during the period. Finally, Great Lakes Retirement Inc. raised its holdings in shares of AutoZone by 6.8% during the 4th quarter. Great Lakes Retirement Inc. now owns 441 shares of the company's stock valued at $1,414,000 after buying an additional 28 shares during the period. Hedge funds and other institutional investors own 92.74% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on AZO shares. Barclays increased their price objective on shares of AutoZone from $3,024.00 to $3,585.00 and gave the company an "overweight" rating in a research report on Thursday, January 9th. TD Cowen raised their price target on shares of AutoZone from $3,450.00 to $3,800.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Truist Financial lifted their price target on AutoZone from $3,501.00 to $3,753.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Argus lifted their price target on shares of AutoZone from $3,560.00 to $3,678.00 and gave the company a "buy" rating in a report on Thursday, January 2nd. Finally, BMO Capital Markets assumed coverage on AutoZone in a report on Friday, December 13th. They set an "outperform" rating and a $3,700.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $3,429.84.

AutoZone Trading Down 0.2 %

NYSE:AZO traded down $7.77 during mid-day trading on Monday, reaching $3,461.94. 77,024 shares of the stock were exchanged, compared to its average volume of 103,996. The business has a fifty day moving average price of $3,315.89 and a 200 day moving average price of $3,198.06. AutoZone, Inc. has a 1-year low of $2,680.96 and a 1-year high of $3,484.42. The firm has a market capitalization of $58.09 billion, a PE ratio of 23.13, a PEG ratio of 1.92 and a beta of 0.70.

AutoZone (NYSE:AZO - Get Free Report) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $4.30 billion. During the same period in the prior year, the firm earned $32.55 EPS. The business's revenue for the quarter was up 2.1% on a year-over-year basis. On average, sell-side analysts forecast 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.