Mediolanum International Funds Ltd Acquires 68 Shares of AutoZone, Inc. (NYSE:AZO)

Mediolanum International Funds Ltd increased its holdings in AutoZone, Inc. (NYSE:AZO) by 50.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 202 shares of the company’s stock after purchasing an additional 68 shares during the period. Mediolanum International Funds Ltd’s holdings in AutoZone were worth $642,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in AutoZone in the third quarter worth $36,000. Carolina Wealth Advisors LLC bought a new position in AutoZone during the third quarter valued at $47,000. Darwin Wealth Management LLC bought a new position in AutoZone during the third quarter valued at $47,000. Crews Bank & Trust bought a new position in AutoZone during the fourth quarter valued at $61,000. Finally, McIlrath & Eck LLC increased its position in AutoZone by 25.0% during the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after acquiring an additional 4 shares during the last quarter. Institutional investors own 92.74% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on AZO shares. BMO Capital Markets started coverage on shares of AutoZone in a research report on Friday, December 13th. They set an “outperform” rating and a $3,700.00 price objective on the stock. Wells Fargo & Company boosted their price objective on shares of AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. 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 research report on Thursday, January 2nd. Roth Capital upgraded shares of AutoZone to a “strong-buy” rating in a research report on Tuesday, October 15th. Finally, Truist Financial boosted their target price 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $3,429.84.

AutoZone Stock Performance

AZO stock opened at $3,354.35 on Monday. The firm has a market cap of $56.29 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 1.83 and a beta of 0.71. The firm has a 50-day simple moving average of $3,263.25 and a two-hundred day simple moving average of $3,166.16. AutoZone, Inc. has a one year low of $2,672.31 and a one year high of $3,437.63.

AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 EPS for the quarter, missing the consensus estimate of $33.69 by ($1.17). The firm had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $32.55 earnings per share. As a group, equities analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

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.