Firetrail Investments PTY Ltd. Grows Stock Holdings in AutoZone, Inc. (NYSE:AZO)

Firetrail Investments PTY Ltd. grew its stake in AutoZone, Inc. (NYSE:AZO) by 3.8% during the 4th quarter, HoldingsChannel reports. The firm owned 3,984 shares of the company’s stock after acquiring an additional 147 shares during the quarter. AutoZone makes up approximately 3.8% of Firetrail Investments PTY Ltd.’s holdings, making the stock its 10th biggest holding. Firetrail Investments PTY Ltd.’s holdings in AutoZone were worth $12,803,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Kinsale Capital Group Inc. grew its stake in shares of AutoZone by 12.3% in the 4th quarter. Kinsale Capital Group Inc. now owns 1,869 shares of the company’s stock valued at $5,985,000 after purchasing an additional 205 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of AutoZone by 15.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 200 shares of the company’s stock valued at $637,000 after purchasing an additional 27 shares during the period. Bridges Investment Management Inc. grew its stake in shares of AutoZone by 7.3% in the 4th quarter. Bridges Investment Management Inc. now owns 7,805 shares of the company’s stock valued at $24,992,000 after purchasing an additional 531 shares during the period. Metis Global Partners LLC grew its stake in shares of AutoZone by 4.8% in the 4th quarter. Metis Global Partners LLC now owns 573 shares of the company’s stock valued at $1,835,000 after purchasing an additional 26 shares during the period. Finally, Providence First Trust Co acquired a new position in shares of AutoZone in the 4th quarter worth approximately $80,000. 92.74% of the stock is currently owned by institutional investors.

AutoZone Stock Up 1.2 %

AZO stock opened at $3,484.56 on Friday. The business’s fifty day moving average is $3,336.73 and its 200-day moving average is $3,217.19. The company has a market cap of $58.48 billion, a P/E ratio of 23.28, a price-to-earnings-growth ratio of 1.86 and a beta of 0.70. AutoZone, Inc. has a twelve month low of $2,728.97 and a twelve month high of $3,500.00.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The company had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the company earned $32.55 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. Research analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on AZO. Citigroup boosted their target price on AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Wells Fargo & Company boosted their target price on AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Truist Financial boosted their target price on AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Argus boosted their target price on AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Finally, 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 report on Monday, December 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, AutoZone currently has a consensus rating of “Moderate Buy” and an average target price of $3,442.61.

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.