Maj Invest Holding A S Has $179.22 Million Position in AutoZone, Inc. (NYSE:AZO)

Maj Invest Holding A S lessened its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 13.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 55,971 shares of the company’s stock after selling 8,334 shares during the quarter. AutoZone comprises 5.9% of Maj Invest Holding A S’s portfolio, making the stock its 5th biggest holding. Maj Invest Holding A S’s holdings in AutoZone were worth $179,220,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Drive Wealth Management LLC lifted its holdings in shares of AutoZone by 5.8% in the fourth quarter. Drive Wealth Management LLC now owns 91 shares of the company’s stock worth $291,000 after buying an additional 5 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in AutoZone by 8.7% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,627 shares of the company’s stock worth $11,614,000 after purchasing an additional 289 shares in the last quarter. MKT Advisors LLC boosted its holdings in shares of AutoZone by 20.7% during the 4th quarter. MKT Advisors LLC now owns 257 shares of the company’s stock valued at $830,000 after purchasing an additional 44 shares during the last quarter. KFG Wealth Management LLC grew its holdings in AutoZone by 3.1% during the 4th quarter. KFG Wealth Management LLC now owns 166 shares of the company’s stock valued at $532,000 after buying an additional 5 shares in the last quarter. Finally, Duncan Williams Asset Management LLC increased its position in AutoZone by 27.2% in the fourth quarter. Duncan Williams Asset Management LLC now owns 1,294 shares of the company’s stock worth $4,143,000 after purchasing an additional 277 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors.

AutoZone Price Performance

Shares of NYSE AZO opened at $3,328.28 on Monday. The business has a fifty day moving average price of $3,238.73 and a 200 day moving average price of $3,151.29. AutoZone, Inc. has a 1-year low of $2,672.31 and a 1-year high of $3,416.71. The stock has a market capitalization of $55.85 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 1.84 and a beta of 0.71.

AutoZone (NYSE:AZO) last released its quarterly 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 firm had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $32.55 earnings per share. As a group, equities research analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on AZO shares. Barclays lifted their price target on AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. BMO Capital Markets started coverage on AutoZone in a report on Friday, December 13th. They set an “outperform” rating and a $3,700.00 price target on the stock. Argus lifted their price objective 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. Roth Capital upgraded shares of AutoZone to a “strong-buy” rating in a report on Tuesday, October 15th. Finally, Evercore ISI upped their price target on shares of AutoZone from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $3,429.84.

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.