Verde Capital Management Has $2.20 Million Holdings in AutoZone, Inc. (NYSE:AZO)

Verde Capital Management boosted its holdings in AutoZone, Inc. (NYSE:AZO) by 90.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 686 shares of the company’s stock after purchasing an additional 325 shares during the quarter. AutoZone accounts for about 0.6% of Verde Capital Management’s portfolio, making the stock its 27th largest holding. Verde Capital Management’s holdings in AutoZone were worth $2,196,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of AZO. Thrivent Financial for Lutherans raised its stake in AutoZone by 5.1% in the second quarter. Thrivent Financial for Lutherans now owns 1,248 shares of the company’s stock valued at $3,699,000 after purchasing an additional 61 shares in the last quarter. Public Sector Pension Investment Board raised its position in shares of AutoZone by 67.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 643 shares of the company’s stock valued at $1,906,000 after buying an additional 258 shares in the last quarter. Evergreen Capital Management LLC lifted its holdings in shares of AutoZone by 7.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 118 shares of the company’s stock worth $350,000 after acquiring an additional 8 shares during the period. Fred Alger Management LLC boosted its position in shares of AutoZone by 10.0% during the 2nd quarter. Fred Alger Management LLC now owns 1,283 shares of the company’s stock worth $3,803,000 after acquiring an additional 117 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in AutoZone by 1.4% in the second quarter. AQR Capital Management LLC now owns 41,355 shares of the company’s stock valued at $121,932,000 after acquiring an additional 554 shares during the last quarter. Institutional investors own 92.74% of the company’s stock.

Analyst Upgrades and Downgrades

AZO has been the topic of a number of research analyst reports. Redburn Atlantic raised AutoZone to a “strong-buy” rating in a report on Tuesday, October 1st. Evercore ISI raised their price objective on AutoZone from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. TD Cowen boosted their target price on AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Argus raised their price target on shares of AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Finally, Barclays lifted their price target on shares of AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, AutoZone currently has a consensus rating of “Moderate Buy” and a consensus price target of $3,429.84.

AutoZone Stock Performance

Shares of AutoZone stock opened at $3,371.06 on Friday. AutoZone, Inc. has a fifty-two week low of $2,672.31 and a fifty-two week high of $3,416.71. The company has a market capitalization of $56.57 billion, a P/E ratio of 22.52, a P/E/G ratio of 1.82 and a beta of 0.71. The company has a fifty day moving average of $3,229.64 and a 200 day moving average of $3,144.01.

AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 EPS for the quarter, missing analysts’ consensus estimates 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%. AutoZone’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $32.55 earnings per share. Analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current 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.