LGT Group Foundation Purchases 20 Shares of AutoZone, Inc. (NYSE:AZO)

LGT Group Foundation raised its position in shares of AutoZone, Inc. (NYSE:AZO) by 1.8% in the fourth quarter, Holdings Channel reports. The firm owned 1,138 shares of the company’s stock after acquiring an additional 20 shares during the quarter. LGT Group Foundation’s holdings in AutoZone were worth $3,644,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. DJE Kapital AG bought a new stake in AutoZone during the 4th quarter valued at about $254,000. SBI Securities Co. Ltd. bought a new stake in AutoZone during the 4th quarter valued at about $83,000. Jones Financial Companies Lllp increased its stake in AutoZone by 53.1% during the 4th quarter. Jones Financial Companies Lllp now owns 447 shares of the company’s stock valued at $1,431,000 after purchasing an additional 155 shares in the last quarter. Modera Wealth Management LLC increased its stake in AutoZone by 4.3% during the 4th quarter. Modera Wealth Management LLC now owns 146 shares of the company’s stock valued at $468,000 after purchasing an additional 6 shares in the last quarter. Finally, Firetrail Investments PTY Ltd. increased its stake in AutoZone by 3.8% during the 4th quarter. Firetrail Investments PTY Ltd. now owns 3,984 shares of the company’s stock valued at $12,803,000 after purchasing an additional 147 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors.

AutoZone Price Performance

Shares of NYSE:AZO opened at $3,471.00 on Tuesday. AutoZone, Inc. has a 1-year low of $2,728.97 and a 1-year high of $3,519.00. The company has a market capitalization of $58.25 billion, a P/E ratio of 23.19, a P/E/G ratio of 1.86 and a beta of 0.70. The firm’s 50 day simple moving average is $3,341.31 and its two-hundred day simple moving average is $3,219.44.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share 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 analysts’ expectations of $4.30 billion. During the same period in the prior year, the firm earned $32.55 EPS. AutoZone’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, sell-side analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. BMO Capital Markets assumed coverage on shares of AutoZone in a research note on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 price target for the company. 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. Barclays lifted their price target 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. Argus lifted their price target on shares of AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Finally, Evercore ISI lifted 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 note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $3,442.61.

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.