2 weeks Ago By Defense World Staff
Shellback Capital LP reduced its stake in AutoZone, Inc. ( NYSE:AZO – Free Report ) by 60.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission.
The fund owned 2,000 shares of the company’s stock after selling 3,000 shares during the period. Shellback Capital LP’s holdings in AutoZone were worth $5,928,000 as of its most recent SEC filing. Other institutional investors and hedge funds have also recently modified their holdings of the company.
PineStone Asset Management Inc. boosted its stake in AutoZone by 137.6% in the 2nd quarter.
PineStone Asset Management Inc. now owns 310,043 shares of the company’s stock worth $918,998,000 after purchasing an additional 179,543 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in shares of AutoZone in the second quarter worth approximately $424,000.
Captrust Financial Advisors increased its position in shares of AutoZone by 564.2% during the first quarter. Captrust Financial Advisors now owns 152,091 shares of the company’s stock valued at $479,338,000 after acquiring an additional 129,193 shares in the last quarter.
Baillie Gifford & Co. increased its position in shares of AutoZone by 2,714.8% during the second quarter.
Baillie Gifford & Co. now owns 120,194 shares of the company’s stock valued at $356,267,000 after acquiring an additional 115,924 shares in the last quarter. Finally, Bessemer Group Inc.
raised its holdings in AutoZone by 106.7% in the 1st quarter. Bessemer Group Inc.
now owns 117,891 shares of the company’s stock worth $371,552,000 after acquiring an additional 60,852 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth A number of analysts have commented on the company. Citigroup reduced their target price on AutoZone from $3,787.00 to $3,500.
00 and set a “buy” rating for the company in a report on Wednesday. UBS Group lifted their price objective on AutoZone from $3,340.00 to $3,500.
00 and gave the stock a “buy” rating in a report on Wednesday. Truist Financial lowered their target price on shares of AutoZone from $3,394.00 to $3,341.
00 and set a “buy” rating on the stock in a research note on Wednesday. Wedbush reiterated an “outperform” rating and issued a $3,200.00 price target on shares of AutoZone in a research note on Thursday, September 19th.
Finally, StockNews.com downgraded shares of AutoZone from a “buy” rating to a “hold” rating in a research report on Saturday, September 21st. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock.
Based on data from MarketBeat.com, AutoZone currently has an average rating of “Moderate Buy” and a consensus price target of $3,169.38.
AutoZone Stock Performance NYSE AZO opened at $3,191.56 on Friday. The business’s fifty day moving average is $3,116.
79 and its 200 day moving average is $3,011.32. AutoZone, Inc.
has a fifty-two week low of $2,375.35 and a fifty-two week high of $3,256.37.
The company has a market capitalization of $54.51 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 1.
43 and a beta of 0.71. AutoZone ( NYSE:AZO – Get Free Report ) last posted its quarterly earnings data on Tuesday, September 24th.
The company reported $48.11 earnings per share for the quarter, missing analysts’ consensus estimates of $53.31 by ($5.
20). The company had revenue of $6.21 billion for the quarter, compared to analysts’ expectations of $6.
25 billion. AutoZone had a net margin of 14.60% and a negative return on equity of 54.
58%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis.
During the same period in the previous year, the firm earned $46.46 earnings per share. On average, sell-side analysts forecast that AutoZone, Inc.
will post 151.08 EPS for the current year. AutoZone Company 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 Five stocks we like better than AutoZone How to Start Investing in Real Estate What Intuitive Machines’ Big NASA Contract Means for Investors 3 Best Fintech Stocks for a Portfolio Boost REITs on the Rise After Rate Cuts: Where to Invest Now Stock Market Sectors: What Are They and How Many Are There? Is Viking Therapeutics Ready For Another Surge? Want to see what other hedge funds are holding AZO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AutoZone, Inc.
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