AutoZone, Inc. (NYSE:AZO) Shares Bought by Ieq Capital LLC

Ieq Capital LLC raised its position in AutoZone, Inc. (NYSE:AZO) by 41.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,343 shares of the company’s stock after buying an additional 395 shares during the quarter. Ieq Capital LLC’s holdings in AutoZone were worth $4,301,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in 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 buying an additional 7,365 shares during the period. PineStone Asset Management Inc. grew its stake in shares of AutoZone by 6.9% during the 4th quarter. PineStone Asset Management Inc. now owns 213,575 shares of the company’s stock worth $683,867,000 after purchasing an additional 13,771 shares during the period. Marshfield Associates grew its stake in shares of AutoZone by 0.5% during the 3rd quarter. Marshfield Associates now owns 169,586 shares of the company’s stock worth $534,204,000 after purchasing an additional 796 shares during the period. Baillie Gifford & Co. grew its stake in shares of AutoZone by 35.6% during the 4th quarter. Baillie Gifford & Co. now owns 163,089 shares of the company’s stock worth $522,211,000 after purchasing an additional 42,776 shares during the period. Finally, Strategic Financial Concepts LLC acquired a new position in shares of AutoZone during the 4th quarter worth $471,629,000. 92.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on AZO shares. Truist Financial upped their price target on shares of AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Barclays upped their price target on shares of AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Citigroup upped their price target on shares of AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Mizuho upped their price target on shares of AutoZone from $3,350.00 to $3,600.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, Guggenheim increased their price objective on shares of AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, AutoZone presently has an average rating of “Moderate Buy” and a consensus price target of $3,429.84.

AutoZone Price Performance

Shares of AZO stock opened at $3,366.15 on Friday. The firm has a market cap of $56.49 billion, a P/E ratio of 22.49, a PEG ratio of 1.88 and a beta of 0.70. AutoZone, Inc. has a 1-year low of $2,708.09 and a 1-year high of $3,484.42. The firm’s 50-day simple moving average is $3,321.62 and its 200-day simple moving average is $3,206.32.

AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 earnings per share for the quarter, missing the consensus estimate of $33.69 by ($1.17). The company had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.30 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $32.55 earnings per share. Analysts expect 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.