Livforsakringsbolaget Skandia Omsesidigt Sells 120 Shares of AutoZone, Inc. (NYSE:AZO)

Livforsakringsbolaget Skandia Omsesidigt decreased its stake in shares of AutoZone, Inc. (NYSE:AZO) by 3.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,261 shares of the company’s stock after selling 120 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in AutoZone were worth $10,442,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AZO. Franklin Resources Inc. boosted its holdings in shares of AutoZone by 18.1% in the 3rd quarter. Franklin Resources Inc. now owns 44,946 shares of the company’s stock valued at $141,717,000 after acquiring an additional 6,898 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of AutoZone by 186.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company’s stock valued at $292,544,000 after acquiring an additional 60,483 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of AutoZone by 29.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 34,808 shares of the company’s stock valued at $111,455,000 after acquiring an additional 7,922 shares during the last quarter. Silverleafe Capital Partners LLC boosted its holdings in shares of AutoZone by 1.0% in the 4th quarter. Silverleafe Capital Partners LLC now owns 2,642 shares of the company’s stock valued at $8,460,000 after acquiring an additional 26 shares during the last quarter. Finally, Verde Capital Management purchased a new stake in shares of AutoZone in the 3rd quarter valued at $1,137,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AZO shares. BMO Capital Markets started coverage on shares of AutoZone in a report on Friday, December 13th. They set an “outperform” rating and a $3,700.00 price target on the stock. Argus increased their price target on shares of AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Truist Financial increased their price target 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. Roth Mkm reissued a “buy” rating and set a $3,634.00 price target on shares of AutoZone in a report on Wednesday, October 16th. Finally, Evercore ISI increased their price target on shares of AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, AutoZone has a consensus rating of “Moderate Buy” and a consensus target price of $3,429.84.

AutoZone Stock Down 0.2 %

Shares of NYSE AZO opened at $3,466.41 on Friday. The firm has a 50-day simple moving average of $3,281.77 and a 200-day simple moving average of $3,176.72. The stock has a market capitalization of $58.17 billion, a price-to-earnings ratio of 23.16, a price-to-earnings-growth ratio of 1.85 and a beta of 0.70. AutoZone, Inc. has a 52 week low of $2,672.31 and a 52 week high of $3,484.42.

AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $4.30 billion. During the same quarter in the previous year, the business posted $32.55 earnings per share. AutoZone’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities research analysts expect that AutoZone, Inc. will post 152.94 EPS for the current 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.