Asset Management One Co. Ltd. Has $21.04 Million Stock Holdings in AutoZone, Inc. (NYSE:AZO)

Asset Management One Co. Ltd. reduced its stake in shares of AutoZone, Inc. (NYSE:AZO) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,491 shares of the company’s stock after selling 322 shares during the quarter. Asset Management One Co. Ltd.’s holdings in AutoZone were worth $21,041,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of AZO. Capital Performance Advisors LLP acquired a new stake in AutoZone during the third quarter worth about $36,000. Carolina Wealth Advisors LLC bought a new stake in shares of AutoZone during the 3rd quarter worth approximately $47,000. Darwin Wealth Management LLC acquired a new stake in shares of AutoZone during the 3rd quarter worth approximately $47,000. Crews Bank & Trust acquired a new stake in shares of AutoZone in the 4th quarter valued at $61,000. Finally, McIlrath & Eck LLC grew its position in AutoZone by 25.0% in the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after acquiring an additional 4 shares during the last quarter. Institutional investors own 92.74% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on AZO shares. Citigroup raised their price objective on shares of AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. TD Cowen lifted their target price on shares of AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. BMO Capital Markets started coverage on shares of AutoZone in a research report on Friday, December 13th. They set an “outperform” rating and a $3,700.00 price target on the stock. Truist Financial raised their price objective on shares of AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, Guggenheim upped 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. 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 issued a strong buy rating to the stock. According to MarketBeat.com, AutoZone presently has a consensus rating of “Moderate Buy” and an average price target of $3,429.84.

AutoZone Stock Down 0.2 %

Shares of NYSE AZO opened at $3,461.94 on Friday. The firm’s fifty day moving average is $3,315.89 and its 200 day moving average is $3,197.01. AutoZone, Inc. has a 52 week low of $2,680.96 and a 52 week high of $3,484.42. The company has a market cap of $58.09 billion, a price-to-earnings ratio of 23.13, a PEG ratio of 1.92 and a beta of 0.70.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 EPS 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 net margin of 14.18% and a negative return on equity of 53.89%. The business’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the company posted $32.55 earnings per share. Equities research analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current year.

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.