AutoZone, Inc. (NYSE:AZO) Shares Sold by Swedbank AB

Swedbank AB decreased its position in shares of AutoZone, Inc. (NYSE:AZO) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,480 shares of the company’s stock after selling 137 shares during the quarter. Swedbank AB owned approximately 0.10% of AutoZone worth $52,769,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Petredis Investment Advisors LLC boosted its position in shares of AutoZone by 0.6% during 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 boosted its position in shares of AutoZone by 4.4% during 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. Allworth Financial LP boosted its position in shares of AutoZone by 5.0% during 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. Axxcess Wealth Management LLC boosted its position in shares of AutoZone by 1.5% during the 3rd quarter. Axxcess Wealth Management LLC now owns 267 shares of the company’s stock valued at $841,000 after acquiring an additional 4 shares during the last quarter. Finally, Moors & Cabot Inc. boosted its position in shares of AutoZone by 4.2% during the 3rd quarter. Moors & Cabot Inc. now owns 99 shares of the company’s stock valued at $312,000 after acquiring an additional 4 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Stock Performance

AZO stock opened at $3,315.50 on Thursday. The company’s 50 day moving average price is $3,247.14 and its 200 day moving average price is $3,159.59. AutoZone, Inc. has a fifty-two week low of $2,672.31 and a fifty-two week high of $3,437.63. The firm has a market capitalization of $55.63 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 1.84 and a beta of 0.71.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share 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 firm had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter in the previous year, the company posted $32.55 earnings per share. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. Equities analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Argus boosted their price objective on shares of AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Barclays boosted their price objective on shares of AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Roth Capital upgraded shares of AutoZone to a “strong-buy” rating in a report on Tuesday, October 15th. Truist Financial boosted their price objective on shares of AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, TD Cowen boosted their price objective on shares of AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, AutoZone has a consensus rating of “Moderate Buy” and an average 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.