Kirr Marbach & Co. LLC IN trimmed its position in shares of AutoZone, Inc. (NYSE:AZO) by 1.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,404 shares of the company’s stock after selling 159 shares during the quarter. AutoZone makes up 4.0% of Kirr Marbach & Co. LLC IN’s holdings, making the stock its 4th biggest holding. Kirr Marbach & Co. LLC IN owned approximately 0.06% of AutoZone worth $16,707,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in AZO. Atlas Capital Advisors LLC lifted its stake in shares of AutoZone by 13.6% in the second quarter. Atlas Capital Advisors LLC now owns 75 shares of the company’s stock worth $82,000 after acquiring an additional 9 shares during the period. Flagship Harbor Advisors LLC lifted its stake in shares of AutoZone by 5.6% in the second quarter. Flagship Harbor Advisors LLC now owns 190 shares of the company’s stock worth $208,000 after acquiring an additional 10 shares during the period. Municipal Employees Retirement System of Michigan lifted its stake in shares of AutoZone by 2.9% in the second quarter. Municipal Employees Retirement System of Michigan now owns 350 shares of the company’s stock worth $385,000 after acquiring an additional 10 shares during the period. Savant Capital LLC lifted its stake in shares of AutoZone by 1.5% in the second quarter. Savant Capital LLC now owns 658 shares of the company’s stock worth $723,000 after acquiring an additional 10 shares during the period. Finally, Advantage Investment Management LLC lifted its stake in shares of AutoZone by 46.4% in the second quarter. Advantage Investment Management LLC now owns 41 shares of the company’s stock worth $45,000 after acquiring an additional 13 shares during the period. 94.46% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have weighed in on the company. Wells Fargo & Co set a $1,275.00 target price on AutoZone and gave the stock a “buy” rating in a report on Tuesday, September 24th. CIBC upgraded AutoZone from a “market perform” rating to an “outperform” rating in a report on Friday, June 28th. Wedbush reiterated an “outperform” rating and issued a $1,240.00 target price (up from $1,100.00) on shares of AutoZone in a report on Thursday, September 19th. Morgan Stanley lifted their target price on AutoZone from $1,050.00 to $1,100.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Finally, Raymond James assumed coverage on AutoZone in a report on Monday, October 7th. They issued an “outperform” rating and a $1,250.00 target price for the company. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $1,135.63.
AZO stock traded up $18.77 during mid-day trading on Tuesday, reaching $1,105.41. The company’s stock had a trading volume of 140,220 shares, compared to its average volume of 244,544. The company has a market cap of $26.64 billion, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of 1.36 and a beta of 0.63. The business’s 50 day moving average price is $1,106.38 and its 200 day moving average price is $1,084.62. AutoZone, Inc. has a 12 month low of $705.01 and a 12 month high of $1,186.60.
AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, September 24th. The company reported $22.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $21.80 by $0.79. The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.93 billion. AutoZone had a negative return on equity of 98.67% and a net margin of 13.63%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the company posted $18.54 earnings per share. Research analysts anticipate that AutoZone, Inc. will post 65.22 earnings per share for the current fiscal year.
AutoZone, Inc retails and distributes automotive replacement parts and accessories. The company offers 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. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, carburetors, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps.
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