AutoZone, Inc. (NYSE:AZO) Shares Sold by Galvin Gaustad & Stein LLC

Galvin Gaustad & Stein LLC cut its holdings in AutoZone, Inc. (NYSE:AZO) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,333 shares of the company’s stock after selling 92 shares during the period. AutoZone comprises about 2.1% of Galvin Gaustad & Stein LLC’s holdings, making the stock its 14th largest position. Galvin Gaustad & Stein LLC’s holdings in AutoZone were worth $23,479,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC grew 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 purchasing an additional 993,139 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of AutoZone by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 421,716 shares of the company’s stock valued at $1,326,545,000 after purchasing an additional 7,365 shares during the last quarter. Marshfield Associates grew its stake in shares of AutoZone by 0.5% in the 3rd quarter. Marshfield Associates now owns 169,586 shares of the company’s stock valued at $534,204,000 after purchasing an additional 796 shares during the last quarter. Legal & General Group Plc grew its stake in shares of AutoZone by 2.3% in the 2nd quarter. Legal & General Group Plc now owns 150,698 shares of the company’s stock valued at $446,684,000 after purchasing an additional 3,382 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of AutoZone by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 104,665 shares of the company’s stock valued at $329,699,000 after purchasing an additional 466 shares during the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Truist Financial lifted their target price on AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Citigroup lifted their price target on AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Barclays lifted their price target on AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Argus lifted their price target on AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Finally, Wells Fargo & Company lifted their price target on AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $3,429.84.

AutoZone Trading Up 1.1 %

AZO stock opened at $3,335.00 on Thursday. The stock has a 50-day moving average price of $3,229.64 and a two-hundred day moving average price of $3,144.01. AutoZone, Inc. has a 12-month low of $2,672.31 and a 12-month high of $3,416.71. The company has a market cap of $55.96 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 1.82 and a beta of 0.71.

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

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.