AutoZone, Inc. (NYSE:AZO) Shares Sold by Mitsubishi UFJ Asset Management UK Ltd.

Mitsubishi UFJ Asset Management UK Ltd. trimmed its position in shares of AutoZone, Inc. (NYSE:AZO) by 20.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 800 shares of the company’s stock after selling 200 shares during the quarter. AutoZone accounts for approximately 1.1% of Mitsubishi UFJ Asset Management UK Ltd.’s portfolio, making the stock its 25th largest holding. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in AutoZone were worth $2,562,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in AutoZone during the third quarter worth about $36,000. Carolina Wealth Advisors LLC purchased a new stake in AutoZone during the third quarter worth about $47,000. Darwin Wealth Management LLC purchased a new stake in AutoZone during the third quarter worth about $47,000. McIlrath & Eck LLC boosted its holdings in AutoZone by 25.0% during the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after buying an additional 4 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in AutoZone during the third quarter worth about $66,000. 92.74% of the stock is currently owned by institutional investors and hedge funds.

AutoZone Stock Up 2.2 %

AutoZone stock opened at $3,299.95 on Wednesday. AutoZone, Inc. has a 52-week low of $2,672.31 and a 52-week high of $3,416.71. The firm has a fifty day moving average of $3,223.86 and a 200-day moving average of $3,139.31. The firm has a market capitalization of $55.38 billion, a P/E ratio of 22.05, a PEG ratio of 1.78 and a beta of 0.71.

AutoZone (NYSE:AZO) last released its quarterly 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). The firm 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 for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $32.55 earnings per share. On average, research analysts expect that AutoZone, Inc. will post 153.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AZO has been the topic of a number of research analyst reports. Truist Financial boosted their price objective on shares of AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. UBS Group boosted their price objective on shares of AutoZone from $3,340.00 to $3,500.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. BNP Paribas raised shares of AutoZone to a “strong-buy” rating in a report on Wednesday, September 25th. Barclays upped their price target 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. Finally, Evercore ISI upped their price target on shares of AutoZone from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. One equities 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 company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.