SG Americas Securities LLC Has $47.64 Million Stake in AutoZone, Inc. (NYSE:AZO)

SG Americas Securities LLC grew its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 497.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,877 shares of the company’s stock after acquiring an additional 12,385 shares during the period. SG Americas Securities LLC owned 0.09% of AutoZone worth $47,636,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Franklin Resources Inc. boosted its position in shares of AutoZone by 18.1% during the 3rd quarter. Franklin Resources Inc. now owns 44,946 shares of the company’s stock worth $141,717,000 after purchasing an additional 6,898 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of AutoZone by 186.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company’s stock worth $292,544,000 after purchasing an additional 60,483 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of AutoZone by 29.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 34,808 shares of the company’s stock worth $111,455,000 after purchasing an additional 7,922 shares in the last quarter. Silverleafe Capital Partners LLC boosted its position in shares of AutoZone by 1.0% during the 4th quarter. Silverleafe Capital Partners LLC now owns 2,642 shares of the company’s stock worth $8,460,000 after purchasing an additional 26 shares in the last quarter. Finally, Verde Capital Management bought a new position in shares of AutoZone during the 3rd quarter worth about $1,137,000. 92.74% of the stock is currently owned by institutional investors and hedge funds.

AutoZone Stock Up 0.9 %

AutoZone stock opened at $3,326.80 on Thursday. The company has a market capitalization of $55.82 billion, a PE ratio of 22.23, a P/E/G ratio of 1.78 and a beta of 0.71. The firm has a fifty day simple moving average of $3,226.34 and a two-hundred day simple moving average of $3,142.72. AutoZone, Inc. has a twelve month low of $2,672.31 and a twelve month high of $3,416.71.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share for the quarter, missing the consensus estimate of $33.69 by ($1.17). The business had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.30 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $32.55 earnings per share. As a group, equities analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group cut shares of AutoZone from a “buy” rating to a “sell” rating and dropped their price target for the company from $3,205.00 to $2,917.00 in a research report on Monday, October 14th. Roth Capital raised shares of AutoZone to a “strong-buy” rating in a research report on Tuesday, October 15th. Mizuho raised 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. DA Davidson reaffirmed a “neutral” rating and issued a $3,025.00 price target on shares of AutoZone in a research report on Monday, September 30th. Finally, Morgan Stanley raised 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, September 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $3,429.84.

AutoZone 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.