Kathmere Capital Management LLC Grows Position in AutoZone, Inc. (NYSE:AZO)

Kathmere Capital Management LLC boosted its stake in AutoZone, Inc. (NYSE:AZO) by 7.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 254 shares of the company’s stock after acquiring an additional 17 shares during the period. Kathmere Capital Management LLC’s holdings in AutoZone were worth $813,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. International Assets Investment Management LLC raised its stake in shares of AutoZone by 354,692.5% in the 3rd quarter. International Assets Investment Management LLC now owns 993,419 shares of the company’s stock valued at $31,293,100,000 after acquiring an additional 993,139 shares during the period. The Manufacturers Life Insurance Company increased its holdings in AutoZone by 186.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company’s stock valued at $292,544,000 after purchasing an additional 60,483 shares during the last quarter. Squarepoint Ops LLC raised its position in AutoZone by 319.0% in the second quarter. Squarepoint Ops LLC now owns 36,225 shares of the company’s stock valued at $107,375,000 after purchasing an additional 27,580 shares during the period. Worldquant Millennium Advisors LLC acquired a new position in AutoZone during the third quarter worth $85,127,000. Finally, Erste Asset Management GmbH purchased a new position in shares of AutoZone during the third quarter worth $63,379,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Stock Down 0.6 %

Shares of AZO opened at $3,207.66 on Thursday. AutoZone, Inc. has a 52-week low of $2,575.00 and a 52-week high of $3,416.71. The stock has a 50 day moving average price of $3,219.74 and a 200 day moving average price of $3,129.05. The company has a market capitalization of $53.83 billion, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 1.73 and a beta of 0.71.

AutoZone (NYSE:AZO) last posted its 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). 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 analysts’ expectations of $4.30 billion. During the same period last year, the business earned $32.55 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities analysts anticipate that AutoZone, Inc. will post 154.29 EPS for the current fiscal year.

Analysts Set New Price Targets

AZO has been the topic of several research reports. StockNews.com lowered AutoZone from a “buy” rating to a “hold” rating in a research note on Saturday, September 21st. Evercore ISI increased their price target on shares of AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Truist Financial raised their price objective on shares of AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Barclays upped their target price on shares of AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Finally, Morgan Stanley raised their price target on shares of AutoZone from $3,038.00 to $3,125.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, AutoZone has a consensus rating of “Moderate Buy” and a consensus price target of $3,429.84.

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.