Metis Global Partners LLC Has $1.84 Million Stake in AutoZone, Inc. (NYSE:AZO)

Metis Global Partners LLC boosted its holdings in AutoZone, Inc. (NYSE:AZO) by 4.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 573 shares of the company’s stock after buying an additional 26 shares during the period. Metis Global Partners LLC’s holdings in AutoZone were worth $1,835,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AZO. Franklin Resources Inc. lifted its stake 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 purchasing an additional 6,898 shares during the period. The Manufacturers Life Insurance Company lifted its stake in AutoZone by 186.8% in the third quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company’s stock valued at $292,544,000 after buying an additional 60,483 shares during the period. Assenagon Asset Management S.A. boosted its holdings in AutoZone by 29.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 34,808 shares of the company’s stock worth $111,455,000 after buying an additional 7,922 shares during the last quarter. Silverleafe Capital Partners LLC boosted its holdings in AutoZone by 1.0% during the fourth quarter. Silverleafe Capital Partners LLC now owns 2,642 shares of the company’s stock worth $8,460,000 after buying an additional 26 shares during the last quarter. Finally, Mizuho Securities USA LLC grew its position in shares of AutoZone by 592.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 9,210 shares of the company’s stock worth $29,012,000 after buying an additional 7,879 shares during the period. 92.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AZO. Mizuho increased their price target on shares of AutoZone from $3,350.00 to $3,600.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Citigroup increased their target price on shares of AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Truist Financial boosted their price target on shares of AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Barclays raised their price objective on AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Finally, TD Cowen boosted their target price on AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AutoZone presently has a consensus rating of “Moderate Buy” and an average price target of $3,442.61.

AutoZone Stock Up 1.2 %

NYSE AZO opened at $3,484.56 on Monday. The firm’s 50 day moving average is $3,336.73 and its 200-day moving average is $3,217.34. The company has a market capitalization of $58.48 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 1.86 and a beta of 0.70. AutoZone, Inc. has a 12-month low of $2,728.97 and a 12-month high of $3,500.00.

AutoZone (NYSE:AZO) last issued its quarterly earnings results 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 net margin of 14.18% and a negative return on equity of 53.89%. The business had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the previous year, the firm posted $32.55 earnings per share. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, sell-side 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.