Andra AP fonden Raises Stock Position in AutoZone, Inc. (NYSE:AZO)

Andra AP fonden lifted its position in AutoZone, Inc. (NYSE:AZO) by 3.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,800 shares of the company’s stock after buying an additional 100 shares during the period. Andra AP fonden’s holdings in AutoZone were worth $8,966,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Edgestream Partners L.P. purchased a new position in AutoZone in the fourth quarter worth about $1,678,000. Prescott Group Capital Management L.L.C. increased its position in shares of AutoZone by 5.1% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 1,261 shares of the company’s stock valued at $4,038,000 after purchasing an additional 61 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in shares of AutoZone by 8.5% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 737 shares of the company’s stock worth $2,360,000 after purchasing an additional 58 shares during the period. Callan Family Office LLC boosted its holdings in shares of AutoZone by 135.7% in the fourth quarter. Callan Family Office LLC now owns 773 shares of the company’s stock worth $2,475,000 after buying an additional 445 shares during the last quarter. Finally, Inceptionr LLC grew its position in AutoZone by 35.6% during the fourth quarter. Inceptionr LLC now owns 549 shares of the company’s stock valued at $1,758,000 after buying an additional 144 shares during the period. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. TD Cowen lifted 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 note on Monday, December 16th. JPMorgan Chase & Co. lifted their target price on AutoZone from $3,775.00 to $3,830.00 and gave the company an “overweight” rating in a research report on Wednesday. UBS Group upped their price target on AutoZone from $3,875.00 to $4,025.00 and gave the stock a “buy” rating in a research report on Wednesday. DA Davidson lifted their price objective on AutoZone from $3,350.00 to $3,500.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Barclays boosted their price objective on AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. One analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat, AutoZone currently has an average rating of “Moderate Buy” and an average price target of $3,646.62.

Insiders Place Their Bets

In other news, SVP Bailey L. Childress sold 160 shares of AutoZone stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total value of $568,000.00. Following the completion of the transaction, the senior vice president now owns 50 shares in the company, valued at approximately $177,500. The trade was a 76.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.10% of the stock is currently owned by insiders.

AutoZone Stock Performance

Shares of AZO opened at $3,620.28 on Friday. The stock has a market capitalization of $60.76 billion, a PE ratio of 24.19, a P/E/G ratio of 1.86 and a beta of 0.71. The company’s fifty day moving average is $3,365.96 and its 200 day moving average is $3,229.85. AutoZone, Inc. has a fifty-two week low of $2,728.97 and a fifty-two week high of $3,636.96.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share for the quarter, missing analysts’ consensus estimates of $29.11 by ($0.82). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.98 billion. As a group, research analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current year.

AutoZone Company 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.