AutoZone, Inc. (NYSE:AZO) is Lakewood Asset Management LLC’s 10th Largest Position

Lakewood Asset Management LLC grew its position in shares of AutoZone, Inc. (NYSE:AZO) by 0.5% in the fourth quarter, HoldingsChannel reports. The firm owned 1,040 shares of the company’s stock after buying an additional 5 shares during the quarter. AutoZone accounts for approximately 2.3% of Lakewood Asset Management LLC’s investment portfolio, making the stock its 10th largest holding. Lakewood Asset Management LLC’s holdings in AutoZone were worth $3,330,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of AutoZone by 4.1% in the 2nd quarter. Brighton Jones LLC now owns 101 shares of the company’s stock valued at $299,000 after acquiring an additional 4 shares during the last quarter. Fidelis Capital Partners LLC lifted its holdings in shares of AutoZone by 2.6% in the 2nd quarter. Fidelis Capital Partners LLC now owns 159 shares of the company’s stock valued at $490,000 after acquiring an additional 4 shares during the last quarter. Petredis Investment Advisors LLC lifted its holdings in shares of AutoZone by 0.6% in the 3rd quarter. Petredis Investment Advisors LLC now owns 710 shares of the company’s stock valued at $2,237,000 after acquiring an additional 4 shares during the last quarter. IVC Wealth Advisors LLC lifted its holdings in shares of AutoZone by 4.4% in the 3rd quarter. IVC Wealth Advisors LLC now owns 95 shares of the company’s stock valued at $299,000 after acquiring an additional 4 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of AutoZone by 5.0% in the 3rd quarter. Allworth Financial LP now owns 84 shares of the company’s stock valued at $265,000 after acquiring an additional 4 shares during the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Stock Performance

Shares of NYSE:AZO opened at $3,207.66 on Thursday. The firm has a market cap of $53.82 billion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 1.80 and a beta of 0.71. The firm’s 50 day simple moving average is $3,219.74 and its 200-day simple moving average is $3,129.05. AutoZone, Inc. has a one year low of $2,575.00 and a one year high of $3,416.71.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) 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 business had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the previous year, the business earned $32.55 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts predict that AutoZone, Inc. will post 153.09 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on AZO. Wells Fargo & Company increased their price target on shares of AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Mizuho increased their price target on shares of AutoZone from $3,350.00 to $3,600.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. The Goldman Sachs Group downgraded shares of AutoZone from a “buy” rating to a “sell” rating and lowered their price target for the company from $3,205.00 to $2,917.00 in a report on Monday, October 14th. Roth Capital raised shares of AutoZone to a “strong-buy” rating in a research note on Tuesday, October 15th. Finally, Guggenheim raised their price objective on shares of AutoZone from $3,350.00 to $3,750.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $3,429.84.

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.