Andra AP fonden Purchases 100 Shares of AutoZone, Inc. (NYSE:AZO)

Andra AP fonden grew its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,800 shares of the company’s stock after buying an additional 100 shares during the quarter. Andra AP fonden’s holdings in AutoZone were worth $8,966,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Franklin Resources Inc. grew its position in AutoZone by 18.1% in the 3rd quarter. Franklin Resources Inc. now owns 44,946 shares of the company’s stock valued at $141,717,000 after acquiring an additional 6,898 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of AutoZone by 186.8% in the third quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company’s stock worth $292,544,000 after purchasing an additional 60,483 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in AutoZone by 29.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 34,808 shares of the company’s stock worth $111,455,000 after buying an additional 7,922 shares during the period. Silverleafe Capital Partners LLC lifted its holdings in AutoZone by 1.0% during the 4th quarter. Silverleafe Capital Partners LLC now owns 2,642 shares of the company’s stock valued at $8,460,000 after buying an additional 26 shares in the last quarter. Finally, Mizuho Securities USA LLC boosted its position in AutoZone by 592.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 9,210 shares of the company’s stock valued at $29,012,000 after buying an additional 7,879 shares during the period. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Bailey L. Childress sold 160 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total value of $568,000.00. Following the completion of the transaction, the senior vice president now directly owns 50 shares in the company, valued at $177,500. This trade represents a 76.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.10% of the stock is owned by insiders.

AutoZone Price Performance

AutoZone stock opened at $3,620.28 on Friday. The business has a fifty day moving average price of $3,365.96 and a 200-day moving average price of $3,229.85. AutoZone, Inc. has a 1-year low of $2,728.97 and a 1-year high of $3,636.96. The stock has a market capitalization of $60.76 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 1.86 and a beta of 0.71.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share for the quarter, missing analysts’ consensus estimates of $29.11 by ($0.82). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.98 billion. On average, equities research analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wells Fargo & Company raised their target price on shares of AutoZone from $3,750.00 to $3,850.00 and gave the stock an “overweight” rating in a research report on Wednesday. JPMorgan Chase & Co. raised their price objective on AutoZone from $3,775.00 to $3,830.00 and gave the stock an “overweight” rating in a report on Wednesday. TD Cowen upped their target price on AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Argus lowered AutoZone from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Guggenheim lifted their price objective on AutoZone from $3,750.00 to $3,850.00 and gave the company a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $3,646.62.

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.