Sumitomo Mitsui Trust Group Inc. Has $132.52 Million Stock Position in AutoZone, Inc. (NYSE:AZO)

Sumitomo Mitsui Trust Group Inc. lessened its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 0.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,386 shares of the company’s stock after selling 29 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.25% of AutoZone worth $132,518,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AZO. International Assets Investment Management LLC grew its position in shares of AutoZone by 354,692.5% in the 3rd quarter. International Assets Investment Management LLC now owns 993,419 shares of the company’s stock valued at $31,293,100,000 after purchasing an additional 993,139 shares during the period. Geode Capital Management LLC lifted its stake in AutoZone by 1.8% in the third quarter. Geode Capital Management LLC now owns 421,716 shares of the company’s stock valued at $1,326,545,000 after buying an additional 7,365 shares in the last quarter. Marshfield Associates boosted its holdings in shares of AutoZone by 0.5% in the third quarter. Marshfield Associates now owns 169,586 shares of the company’s stock valued at $534,204,000 after buying an additional 796 shares during the period. Strategic Financial Concepts LLC bought a new stake in shares of AutoZone during the fourth quarter worth $471,629,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of AutoZone by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 104,665 shares of the company’s stock worth $329,699,000 after acquiring an additional 466 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AZO has been the subject of a number of research analyst reports. Argus upped their target price on shares of AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Mizuho upped their price objective on AutoZone from $3,350.00 to $3,600.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Citigroup increased their price objective on AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. The Goldman Sachs Group cut AutoZone from a “buy” rating to a “sell” rating and cut their target price for the company from $3,205.00 to $2,917.00 in a research note on Monday, October 14th. Finally, Truist Financial raised their price target on shares of AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $3,429.84.

AutoZone Stock Down 1.3 %

NYSE:AZO opened at $3,420.42 on Friday. AutoZone, Inc. has a 12-month low of $2,672.31 and a 12-month high of $3,484.42. The stock’s 50 day moving average price is $3,287.30 and its two-hundred day moving average price is $3,178.73. The firm has a market capitalization of $57.40 billion, a price-to-earnings ratio of 22.85, a P/E/G ratio of 1.85 and a beta of 0.70.

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 analysts’ consensus estimates of $33.69 by ($1.17). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The business had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter last year, the company posted $32.55 EPS. The firm’s revenue was up 2.1% on a year-over-year basis. Equities research analysts expect that AutoZone, Inc. will post 152.94 EPS for the current year.

AutoZone Company 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.