Todd Asset Management LLC Buys 115 Shares of AutoZone, Inc. (NYSE:AZO)

Todd Asset Management LLC raised its stake in shares of AutoZone, Inc. (NYSE:AZO) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,125 shares of the company’s stock after purchasing an additional 115 shares during the quarter. AutoZone comprises 1.6% of Todd Asset Management LLC’s holdings, making the stock its 7th biggest position. Todd Asset Management LLC owned approximately 0.13% of AutoZone worth $67,642,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Capital Performance Advisors LLP purchased a new stake in shares of AutoZone in the 3rd quarter valued at $36,000. Darwin Wealth Management LLC purchased a new stake in shares of AutoZone in the 3rd quarter valued at $47,000. Crews Bank & Trust purchased a new stake in shares of AutoZone in the 4th quarter valued at $61,000. McIlrath & Eck LLC boosted its holdings in shares of AutoZone by 25.0% in the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after acquiring an additional 4 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of AutoZone in the 3rd quarter valued at $66,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

Analysts Set New Price Targets

AZO has been the topic of several recent research reports. TD Cowen upped their price objective on shares of AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a report on Monday, December 16th. BMO Capital Markets started coverage on shares of AutoZone in a report on Friday, December 13th. They set an “outperform” rating and a $3,700.00 price target on the stock. Evercore ISI increased their price target on shares of AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Argus increased their price target on shares of AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Finally, Truist Financial increased their price target on shares of AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $3,429.84.

AutoZone Stock Up 0.8 %

Shares of NYSE AZO opened at $3,396.14 on Tuesday. The firm has a 50-day simple moving average of $3,322.47 and a 200-day simple moving average of $3,209.45. The stock has a market capitalization of $56.99 billion, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 1.86 and a beta of 0.70. AutoZone, Inc. has a 52 week low of $2,708.09 and a 52 week high of $3,484.42.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, December 10th. The company reported $32.52 EPS 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 analyst estimates of $4.30 billion. During the same quarter last year, the company earned $32.55 earnings per share. AutoZone’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, equities research analysts expect that AutoZone, Inc. will post 152.94 EPS for the current year.

About AutoZone

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.