AutoZone, Inc. (NYSE:AZO) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its holdings in AutoZone, Inc. (NYSE:AZO) by 55.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 10,914 shares of the company’s stock after selling 13,314 shares during the quarter. Los Angeles Capital Management LLC’s holdings in AutoZone were worth $34,947,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Franklin Resources Inc. raised its holdings in shares of AutoZone by 18.1% during the third 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 raised its holdings in shares of AutoZone by 186.8% during the third quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company’s stock valued at $292,544,000 after acquiring an additional 60,483 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of AutoZone by 29.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 34,808 shares of the company’s stock valued at $111,455,000 after acquiring an additional 7,922 shares during the last quarter. Silverleafe Capital Partners LLC raised its holdings in shares of AutoZone by 1.0% during the fourth quarter. Silverleafe Capital Partners LLC now owns 2,642 shares of the company’s stock valued at $8,460,000 after acquiring an additional 26 shares during the last quarter. Finally, Mizuho Securities USA LLC raised its holdings in shares of AutoZone by 592.0% during the third quarter. Mizuho Securities USA LLC now owns 9,210 shares of the company’s stock valued at $29,012,000 after acquiring an additional 7,879 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Truist Financial increased their target price on AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Guggenheim increased their price target on AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Evercore ISI increased their price target on AutoZone from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. BMO Capital Markets initiated coverage on AutoZone in a report on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 price target for the company. Finally, TD Cowen increased their price target on AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $3,429.84.

AutoZone Stock Up 0.6 %

AZO opened at $3,421.48 on Wednesday. AutoZone, Inc. has a 52 week low of $2,708.09 and a 52 week high of $3,484.42. The business has a fifty day simple moving average of $3,324.46 and a 200-day simple moving average of $3,211.56. The firm has a market cap of $57.41 billion, a P/E ratio of 22.86, a P/E/G ratio of 1.86 and a beta of 0.70.

AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 EPS for the quarter, missing the consensus estimate of $33.69 by ($1.17). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The firm had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter in the prior year, the business earned $32.55 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Sell-side analysts expect that AutoZone, Inc. will post 152.94 earnings per share 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.