AutoZone, Inc. (NYSE:AZO) Shares Purchased by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. raised its position in AutoZone, Inc. (NYSE:AZO) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,900 shares of the company’s stock after acquiring an additional 100 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in AutoZone were worth $22,094,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in shares of AutoZone in the third quarter valued at $36,000. Darwin Wealth Management LLC acquired a new position in AutoZone in the 3rd quarter worth $47,000. Crews Bank & Trust purchased a new position in AutoZone in the 4th quarter valued at about $61,000. McIlrath & Eck LLC grew its stake in shares of AutoZone by 25.0% during the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after acquiring an additional 4 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of AutoZone during the third quarter worth about $66,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Analysts Set New Price Targets

AZO has been the subject of a number of analyst reports. Barclays increased their price target on AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Evercore ISI increased their target price 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 raised their price target on shares of AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Truist Financial upped their price target on shares of AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, Argus raised their price objective on shares of AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $3,429.84.

AutoZone Price Performance

NYSE:AZO opened at $3,448.29 on Friday. The firm has a market capitalization of $57.86 billion, a P/E ratio of 23.04, a P/E/G ratio of 1.86 and a beta of 0.70. The business has a 50 day simple moving average of $3,332.11 and a 200 day simple moving average of $3,214.44. AutoZone, Inc. has a 12-month low of $2,728.97 and a 12-month high of $3,484.42.

AutoZone (NYSE:AZO) last announced its quarterly earnings results 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). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The firm had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the firm posted $32.55 EPS. The business’s revenue was up 2.1% compared to the same quarter last year. Research analysts anticipate that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

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.