Smartleaf Asset Management LLC Has $637,000 Position in AutoZone, Inc. (NYSE:AZO)

Smartleaf Asset Management LLC increased its stake in shares of AutoZone, Inc. (NYSE:AZO) by 15.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 200 shares of the company’s stock after purchasing an additional 27 shares during the quarter. Smartleaf Asset Management LLC’s holdings in AutoZone were worth $637,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in shares of AutoZone during the third quarter worth approximately $36,000. Darwin Wealth Management LLC acquired a new stake in shares of AutoZone during the third quarter worth approximately $47,000. Crews Bank & Trust acquired a new stake in AutoZone in the fourth quarter valued at approximately $61,000. McIlrath & Eck LLC lifted its stake in AutoZone by 25.0% in 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 during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in AutoZone in the third quarter valued at approximately $66,000. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on AZO. Guggenheim lifted their target price on shares of AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Evercore ISI lifted their target price on shares of 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 lifted their target price on shares of AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Barclays lifted their target price on shares of AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Finally, Mizuho lifted their target price on shares of AutoZone from $3,350.00 to $3,600.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. One 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $3,442.61.

AutoZone Trading Down 0.6 %

Shares of AZO stock 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 firm’s fifty day simple moving average is $3,341.31 and its 200 day simple moving average is $3,219.44. The firm has a market capitalization of $58.25 billion, a P/E ratio of 23.19, a price-to-earnings-growth ratio of 1.86 and a beta of 0.70.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The company had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the firm posted $32.55 EPS. The company’s revenue was up 2.1% compared to the same quarter last year. Equities 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.