AutoZone, Inc. (NYSE:AZO) Holdings Raised by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC lifted its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 10.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,001 shares of the company’s stock after purchasing an additional 92 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in AutoZone were worth $3,205,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. International Assets Investment Management LLC grew its holdings in shares of AutoZone by 354,692.5% during the third 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 last quarter. Geode Capital Management LLC boosted its position in AutoZone by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 421,716 shares of the company’s stock valued at $1,326,545,000 after purchasing an additional 7,365 shares during the period. Marshfield Associates grew its stake in AutoZone by 0.5% during the 3rd quarter. Marshfield Associates now owns 169,586 shares of the company’s stock worth $534,204,000 after buying an additional 796 shares during the last quarter. Legal & General Group Plc increased its position in AutoZone by 2.3% in the second quarter. Legal & General Group Plc now owns 150,698 shares of the company’s stock worth $446,684,000 after buying an additional 3,382 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in AutoZone by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 104,665 shares of the company’s stock valued at $329,699,000 after buying an additional 466 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

Analysts Set New Price Targets

AZO has been the subject of several recent research reports. Guggenheim upped their price target on shares of AutoZone from $3,350.00 to $3,750.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Truist Financial upped their target price on shares of AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. The Goldman Sachs Group cut AutoZone from a “buy” rating to a “sell” rating and cut their price target for the company from $3,205.00 to $2,917.00 in a report on Monday, October 14th. Evercore ISI increased their price objective on AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, BMO Capital Markets assumed coverage on AutoZone in a research report on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $3,429.84.

AutoZone Stock Performance

AutoZone stock opened at $3,328.28 on Friday. The company has a 50 day moving average price of $3,238.73 and a 200 day moving average price of $3,149.01. AutoZone, Inc. has a 52 week low of $2,672.31 and a 52 week high of $3,416.71. The firm has a market capitalization of $55.85 billion, a price-to-earnings ratio of 22.24, a P/E/G ratio of 1.84 and a beta of 0.71.

AutoZone (NYSE:AZO) last issued 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 business had revenue of $4.28 billion during 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 business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the business earned $32.55 EPS. Equities analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal 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.