Andra AP fonden Has $11.58 Million Stock Position in AutoZone, Inc. $AZO

Andra AP fonden raised its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 12.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,700 shares of the company’s stock after purchasing an additional 300 shares during the quarter. Andra AP fonden’s holdings in AutoZone were worth $11,584,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Raleigh Capital Management Inc. bought a new stake in shares of AutoZone during the third quarter worth $26,000. Aspect Partners LLC boosted its position in AutoZone by 700.0% during the second quarter. Aspect Partners LLC now owns 8 shares of the company’s stock worth $30,000 after purchasing an additional 7 shares during the period. Global Trust Asset Management LLC grew its position in shares of AutoZone by 600.0% in the third quarter. Global Trust Asset Management LLC now owns 7 shares of the company’s stock valued at $30,000 after purchasing an additional 6 shares during the last quarter. NewSquare Capital LLC grew its stake in shares of AutoZone by 50.0% in the second quarter. NewSquare Capital LLC now owns 9 shares of the company’s stock valued at $33,000 after acquiring an additional 3 shares in the last quarter. Finally, Loomis Sayles & Co. L P acquired a new position in shares of AutoZone during the 2nd quarter worth approximately $33,000. 92.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Truist Financial dropped their price target on AutoZone from $4,499.00 to $4,076.00 and set a “buy” rating for the company in a research note on Wednesday, December 10th. Wells Fargo & Company dropped their price target on shares of AutoZone from $4,700.00 to $4,500.00 and set an “overweight” rating for the company in a research note on Wednesday, December 10th. DA Davidson lowered their price objective on AutoZone from $4,850.00 to $4,500.00 and set a “buy” rating for the company in a research report on Wednesday, December 10th. The Goldman Sachs Group lifted their price target on shares of AutoZone from $4,234.00 to $4,274.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Finally, UBS Group reiterated a “buy” rating and issued a $4,555.00 target price on shares of AutoZone in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, AutoZone currently has a consensus rating of “Moderate Buy” and a consensus target price of $4,280.63.

Insider Activity

In other news, Director Brian Hannasch acquired 147 shares of AutoZone stock in a transaction on Thursday, December 18th. The stock was acquired at an average cost of $3,393.09 per share, for a total transaction of $498,784.23. Following the purchase, the director owned 962 shares in the company, valued at $3,264,152.58. This trade represents a 18.04% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George R. Mrkonic, Jr. sold 97 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $3,341.99, for a total transaction of $324,173.03. Following the sale, the director directly owned 3,564 shares of the company’s stock, valued at $11,910,852.36. This trade represents a 2.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders bought 347 shares of company stock valued at $1,179,256 and sold 9,447 shares valued at $34,179,923. Company insiders own 2.60% of the company’s stock.

AutoZone Trading Up 2.5%

Shares of NYSE AZO opened at $3,751.68 on Friday. AutoZone, Inc. has a 12 month low of $3,210.72 and a 12 month high of $4,388.11. The firm has a fifty day simple moving average of $3,594.55 and a two-hundred day simple moving average of $3,831.70. The firm has a market capitalization of $62.17 billion, a PE ratio of 26.16, a price-to-earnings-growth ratio of 1.74 and a beta of 0.41.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, December 9th. The company reported $31.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $32.69 by ($1.65). The firm had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.64 billion. AutoZone had a negative return on equity of 65.38% and a net margin of 12.78%.The firm’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company posted $32.52 EPS. On average, sell-side analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current year.

AutoZone Profile

AutoZone, Inc (NYSE: AZO) is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.

AutoZone serves both do‑it‑yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.