Oak Thistle LLC Has $1.21 Million Holdings in AutoZone, Inc. (NYSE:AZO)

Oak Thistle LLC boosted its stake in shares of AutoZone, Inc. (NYSE:AZO) by 48.6% in the fourth quarter, Holdings Channel reports. The firm owned 379 shares of the company’s stock after acquiring an additional 124 shares during the period. Oak Thistle LLC’s holdings in AutoZone were worth $1,214,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of AZO. International Assets Investment Management LLC grew its holdings in AutoZone by 354,692.5% in the 3rd quarter. International Assets Investment Management LLC now owns 993,419 shares of the company’s stock valued at $31,293,100,000 after buying an additional 993,139 shares during the last quarter. Geode Capital Management LLC lifted its position in AutoZone by 1.8% in the third quarter. Geode Capital Management LLC now owns 421,716 shares of the company’s stock worth $1,326,545,000 after purchasing an additional 7,365 shares during the period. Marshfield Associates lifted its position in AutoZone by 0.5% in the third quarter. Marshfield Associates now owns 169,586 shares of the company’s stock worth $534,204,000 after purchasing an additional 796 shares during the period. Legal & General Group Plc boosted its stake in AutoZone by 2.3% during the second quarter. Legal & General Group Plc now owns 150,698 shares of the company’s stock worth $446,684,000 after buying an additional 3,382 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in AutoZone by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 104,665 shares of the company’s stock valued at $329,699,000 after buying an additional 466 shares during the period. 92.74% of the stock is currently owned by institutional investors and hedge funds.

AutoZone Trading Down 0.5 %

Shares of AutoZone stock opened at $3,224.60 on Wednesday. The stock’s fifty day simple moving average is $3,219.74 and its 200 day simple moving average is $3,129.05. The company has a market capitalization of $54.12 billion, a PE ratio of 21.54, a PEG ratio of 1.73 and a beta of 0.71. AutoZone, Inc. has a 12 month low of $2,575.00 and a 12 month high of $3,416.71.

AutoZone (NYSE:AZO) last issued 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). The business had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. AutoZone’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $32.55 earnings per share. Analysts predict that AutoZone, Inc. will post 154.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AZO shares. The Goldman Sachs Group lowered shares of AutoZone from a “buy” rating to a “sell” rating and decreased their target price for the company from $3,205.00 to $2,917.00 in a research report on Monday, October 14th. Wells Fargo & Company upped their price objective on AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Evercore ISI raised their target price on AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. BMO Capital Markets initiated coverage on AutoZone in a research report on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 price target on the stock. Finally, BNP Paribas raised AutoZone to a “strong-buy” rating in a report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, AutoZone presently has an average rating of “Moderate Buy” and an average price target of $3,429.84.

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.