AutoZone, Inc. (NYSE:AZO) Shares Sold by Stephens Inc. AR

Stephens Inc. AR reduced its holdings in AutoZone, Inc. (NYSE:AZO) by 6.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,280 shares of the company’s stock after selling 226 shares during the quarter. Stephens Inc. AR’s holdings in AutoZone were worth $10,503,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. 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. Strategic Financial Concepts LLC purchased a new position in AutoZone in the fourth quarter valued at about $471,629,000. The Manufacturers Life Insurance Company lifted its stake in shares of AutoZone by 186.8% during the third quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company’s stock worth $292,544,000 after purchasing an additional 60,483 shares in the last quarter. Canoe Financial LP boosted its position in shares of AutoZone by 542.8% in the fourth quarter. Canoe Financial LP now owns 62,471 shares of the company’s stock worth $200,032,000 after buying an additional 52,753 shares during the period. Finally, Worldquant Millennium Advisors LLC acquired a new stake in shares of AutoZone in the third quarter valued at about $85,127,000. 92.74% of the stock is currently owned by institutional investors and hedge funds.

AutoZone Price Performance

AZO opened at $3,420.42 on Monday. AutoZone, Inc. has a 12 month low of $2,672.31 and a 12 month high of $3,484.42. The stock’s 50 day moving average price is $3,292.17 and its 200 day moving average price is $3,183.76. The stock has a market cap of $57.39 billion, a P/E ratio of 22.85, a P/E/G ratio of 1.92 and a beta of 0.70.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 EPS for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). The company had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. AutoZone’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $32.55 EPS. Equities analysts anticipate that AutoZone, Inc. will post 152.94 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. The Goldman Sachs Group lowered AutoZone from a “buy” rating to a “sell” rating and lowered their price objective for the company from $3,205.00 to $2,917.00 in a research note on Monday, October 14th. 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. Truist Financial increased 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. Evercore ISI boosted their target price 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. Finally, TD Cowen increased 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 report on Monday, December 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $3,429.84.

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.