LGT Group Foundation Acquires 20 Shares of AutoZone, Inc. (NYSE:AZO)

LGT Group Foundation lifted its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 1.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,138 shares of the company’s stock after purchasing an additional 20 shares during the period. LGT Group Foundation’s holdings in AutoZone were worth $3,644,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. DJE Kapital AG bought a new position in shares of AutoZone during the 4th quarter valued at $254,000. SBI Securities Co. Ltd. bought a new position in shares of AutoZone during the 4th quarter valued at $83,000. Jones Financial Companies Lllp grew its holdings in shares of AutoZone by 53.1% during the 4th quarter. Jones Financial Companies Lllp now owns 447 shares of the company’s stock valued at $1,431,000 after purchasing an additional 155 shares during the last quarter. Modera Wealth Management LLC grew its holdings in shares of AutoZone by 4.3% during the 4th quarter. Modera Wealth Management LLC now owns 146 shares of the company’s stock valued at $468,000 after purchasing an additional 6 shares during the last quarter. Finally, Firetrail Investments PTY Ltd. grew its holdings in shares of AutoZone by 3.8% during the 4th quarter. Firetrail Investments PTY Ltd. now owns 3,984 shares of the company’s stock valued at $12,803,000 after purchasing an additional 147 shares during the last quarter. Institutional investors own 92.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AZO. TD Cowen increased their price target on shares of AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Barclays increased their price target 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. Citigroup increased their price target on shares of AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Truist Financial increased their price target on shares of AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company increased their price target on shares of AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, AutoZone currently has an average rating of “Moderate Buy” and an average price target of $3,442.61.

AutoZone Price Performance

Shares of NYSE AZO opened at $3,471.00 on Tuesday. AutoZone, Inc. has a 1 year low of $2,728.97 and a 1 year high of $3,519.00. The stock has a market cap of $58.25 billion, a P/E ratio of 23.19, a price-to-earnings-growth ratio of 1.86 and a beta of 0.70. The firm has a 50-day moving average of $3,341.31 and a 200 day moving average of $3,219.44.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) 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 business had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period last year, the business earned $32.55 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. Research analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

AutoZone 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.