2 weeks Ago By ABMN Staff
Marshfield Associates lifted its position in shares of AutoZone, Inc. ( NYSE:AZO – Free Report ) by 0.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The fund owned 168,790 shares of the company’s stock after purchasing an additional 338 shares during the period. AutoZone comprises approximately 11.1% of Marshfield Associates’ portfolio, making the stock its 2nd largest position.
Marshfield Associates’ holdings in AutoZone were worth $500,310,000 at the end of the most recent quarter. Other institutional investors have also modified their holdings of the company. Rise Advisors LLC purchased a new stake in AutoZone in the first quarter valued at $32,000.
Riverview Trust Co purchased a new stake in AutoZone in the first quarter valued at $41,000. Meeder Asset Management Inc. lifted its position in AutoZone by 50.
0% in the second quarter. Meeder Asset Management Inc. now owns 15 shares of the company’s stock valued at $44,000 after acquiring an additional 5 shares during the last quarter.
E Fund Management Hong Kong Co. Ltd. purchased a new stake in AutoZone in the second quarter valued at $50,000.
Finally, ORG Partners LLC purchased a new stake in AutoZone in the second quarter valued at $50,000. 92.74% of the stock is owned by hedge funds and other institutional investors.
AutoZone Stock Up 2.7 % Shares of AutoZone stock opened at $3,191.56 on Friday.
AutoZone, Inc. has a 52-week low of $2,375.35 and a 52-week high of $3,256.
37. The company’s 50-day simple moving average is $3,111.58 and its 200-day simple moving average is $3,010.
06. The firm has a market cap of $54.51 billion, a price-to-earnings ratio of 22.
07, a price-to-earnings-growth ratio of 1.43 and a beta of 0.71.
Wall Street Analysts Forecast Growth AZO has been the subject of a number of research reports. Morgan Stanley boosted their price target on shares of AutoZone from $3,038.00 to $3,125.
00 and gave the company an “overweight” rating in a research report on Wednesday. Truist Financial reduced their price target on shares of AutoZone from $3,394.00 to $3,341.
00 and set a “buy” rating for the company in a research report on Wednesday. Guggenheim lifted their price objective on shares of AutoZone from $3,225.00 to $3,350.
00 and gave the company a “buy” rating in a research note on Wednesday. Oppenheimer restated a “market perform” rating and issued a $2,600.00 price objective on shares of AutoZone in a research note on Wednesday, June 26th.
Finally, Evercore ISI dropped their price objective on shares of AutoZone from $3,900.00 to $3,350.00 and set an “outperform” rating on the stock in a research note on Friday, September 20th.
Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, AutoZone currently has a consensus rating of “Moderate Buy” and a consensus price target of $3,169.38.
Get Our Latest Report on AZO AutoZone Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding AZO? Visit HoldingsChannel.
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