Amalgamated Bank Has $11.51 Million Stake in AutoZone, Inc. (NYSE:AZO)

Amalgamated Bank lowered its position in AutoZone, Inc. (NYSE:AZO) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,596 shares of the company’s stock after selling 107 shares during the quarter. Amalgamated Bank’s holdings in AutoZone were worth $11,514,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp grew its holdings in AutoZone by 0.4% during the fourth quarter. Bank of New York Mellon Corp now owns 123,648 shares of the company’s stock worth $395,922,000 after purchasing an additional 441 shares during the period. Hendley & Co. Inc. boosted its stake in shares of AutoZone by 0.4% during the 4th quarter. Hendley & Co. Inc. now owns 1,332 shares of the company’s stock worth $4,265,000 after acquiring an additional 5 shares during the period. Prasad Wealth Partners LLC acquired a new position in shares of AutoZone during the 4th quarter worth approximately $432,000. Crestwood Advisors Group LLC raised its stake in AutoZone by 26.9% in the 4th quarter. Crestwood Advisors Group LLC now owns 151 shares of the company’s stock valued at $484,000 after acquiring an additional 32 shares during the period. Finally, IFP Advisors Inc lifted its holdings in AutoZone by 44.4% during the 4th quarter. IFP Advisors Inc now owns 257 shares of the company’s stock valued at $831,000 after purchasing an additional 79 shares during the last quarter. Institutional investors own 92.74% of the company’s stock.

AutoZone Trading Up 0.6 %

AZO stock opened at $3,421.48 on Wednesday. The firm has a 50-day moving average price of $3,324.46 and a 200-day moving average price of $3,211.56. AutoZone, Inc. has a 12 month low of $2,708.09 and a 12 month high of $3,484.42. The stock has a market capitalization of $57.41 billion, a P/E ratio of 22.86, a price-to-earnings-growth ratio of 1.86 and a beta of 0.70.

AutoZone (NYSE:AZO) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. AutoZone’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the company earned $32.55 EPS. As a group, equities analysts predict that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. BMO Capital Markets started coverage on shares of AutoZone in a research note on Friday, December 13th. They set an “outperform” rating and a $3,700.00 target price for the company. Truist Financial lifted their target price on AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Barclays upped their price target on shares of AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Citigroup increased their target price on shares of AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company raised their target price on shares of AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.