China Universal Asset Management Co. Ltd. Lowers Holdings in AutoZone, Inc. (NYSE:AZO)

China Universal Asset Management Co. Ltd. reduced its position in shares of AutoZone, Inc. (NYSE:AZO) by 33.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100 shares of the company’s stock after selling 50 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in AutoZone were worth $320,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of AZO. Capital Performance Advisors LLP bought a new stake in shares of AutoZone in the third quarter valued at about $36,000. Carolina Wealth Advisors LLC purchased a new position in AutoZone during the 3rd quarter valued at about $47,000. Darwin Wealth Management LLC purchased a new stake in shares of AutoZone in the 3rd quarter worth approximately $47,000. Crews Bank & Trust bought a new position in shares of AutoZone during the fourth quarter valued at approximately $61,000. Finally, McIlrath & Eck LLC increased its holdings in AutoZone by 25.0% during the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after buying an additional 4 shares during the period. 92.74% of the stock is owned by institutional investors.

AutoZone Stock Performance

NYSE:AZO opened at $3,354.35 on Monday. The firm’s fifty day moving average is $3,263.25 and its two-hundred day moving average is $3,166.16. The firm has a market cap of $56.29 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 1.83 and a beta of 0.71. AutoZone, Inc. has a one year low of $2,672.31 and a one year high of $3,437.63.

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AZO. Wells Fargo & Company upped their target price on AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Truist Financial raised their price objective on AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Barclays boosted their target price on shares of AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Roth Mkm restated a “buy” rating and issued a $3,634.00 price target on shares of AutoZone in a report on Wednesday, October 16th. Finally, Mizuho increased their target price 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. One analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently 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.