2 weeks Ago By Defense World Staff
Brandes Investment Partners LP boosted its holdings in shares of AutoZone, Inc. ( NYSE:AZO – Free Report ) by 18.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission.
The fund owned 17,174 shares of the company’s stock after buying an additional 2,660 shares during the period. Brandes Investment Partners LP owned approximately 0.10% of AutoZone worth $50,897,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in AZO. Rise Advisors LLC acquired a new stake in shares of AutoZone in the 1st quarter worth about $32,000. Riverview Trust Co purchased a new stake in shares of AutoZone in the first quarter worth approximately $41,000.
Meeder Asset Management Inc. lifted its holdings in shares of 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 purchasing an additional 5 shares in the last quarter. E Fund Management Hong Kong Co.
Ltd. purchased a new position in shares of AutoZone during the second quarter valued at approximately $50,000. Finally, ORG Partners LLC bought a new stake in AutoZone during the second quarter worth $50,000.
92.74% of the stock is owned by institutional investors. Analyst Ratings Changes Several equities analysts have weighed in on the company.
BNP Paribas upgraded AutoZone to a “strong-buy” rating in a research note on Wednesday, September 25th. Citigroup cut their price target on shares of AutoZone from $3,787.00 to $3,500.
00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. Morgan Stanley increased their price objective on shares of AutoZone from $3,038.00 to $3,125.
00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Mizuho lifted their price target on AutoZone from $3,280.00 to $3,350.
00 and gave the stock an “outperform” rating in a report on Wednesday, September 25th. Finally, 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.
Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $3,169.
38. AutoZone Trading Up 0.2 % Shares of AutoZone stock opened at $3,196.
61 on Monday. The company’s 50-day moving average price is $3,121.63 and its 200-day moving average price is $3,011.
39. The company has a market cap of $54.61 billion, a price-to-earnings ratio of 22.
11, a PEG ratio of 1.43 and a beta of 0.71.
AutoZone, Inc. has a 12-month low of $2,375.35 and a 12-month high of $3,256.
37. AutoZone ( NYSE:AZO – Get Free Report ) last released its quarterly earnings results on Tuesday, September 24th. The company reported $48.
11 EPS for the quarter, missing analysts’ consensus estimates of $53.31 by ($5.20).
AutoZone had a net margin of 14.60% and a negative return on equity of 54.58%.
The firm had revenue of $6.21 billion for the quarter, compared to analysts’ expectations of $6.25 billion.
During the same quarter last year, the firm earned $46.46 earnings per share. The firm’s revenue for the quarter was up 9.
0% on a year-over-year basis. On average, sell-side analysts predict that AutoZone, Inc. will post 151.
08 earnings per share for the current year. Insider Buying and Selling In other AutoZone news, VP John Scott Murphy sold 1,580 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $3,107.
69, for a total value of $4,910,150.20. Following the completion of the transaction, the vice president now owns 1,218 shares of the company’s stock, valued at approximately $3,785,166.
42. The transaction was disclosed in a filing with the SEC, which is available through this link . 2.
50% of the stock is owned by company insiders. 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.
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