AutoZone, Inc. (NYSE:AZO) Position Lifted by KG&L Capital Management LLC

KG&L Capital Management LLC raised its stake in AutoZone, Inc. (NYSE:AZO) by 4.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 244 shares of the company’s stock after purchasing an additional 11 shares during the period. KG&L Capital Management LLC’s holdings in AutoZone were worth $781,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of AZO. NewEdge Advisors LLC raised its stake in AutoZone by 42.7% during the second quarter. NewEdge Advisors LLC now owns 896 shares of the company’s stock valued at $2,657,000 after buying an additional 268 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of AutoZone during the 2nd quarter valued at approximately $2,249,000. Czech National Bank lifted its stake in AutoZone by 5.5% during the third quarter. Czech National Bank now owns 3,479 shares of the company’s stock worth $10,959,000 after purchasing an additional 182 shares during the last quarter. Farmers Trust Co. boosted its holdings in AutoZone by 0.6% in the third quarter. Farmers Trust Co. now owns 1,520 shares of the company’s stock worth $4,788,000 after purchasing an additional 9 shares during the period. Finally, Park Avenue Securities LLC increased its stake in AutoZone by 3.7% during the third quarter. Park Avenue Securities LLC now owns 167 shares of the company’s stock valued at $526,000 after purchasing an additional 6 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Trading Up 0.1 %

AZO stock opened at $3,354.35 on Friday. The firm has a 50-day moving average of $3,263.25 and a two-hundred day moving average of $3,164.90. The firm has a market capitalization of $56.29 billion, a PE ratio of 22.41, a P/E/G ratio of 1.83 and a beta of 0.71. AutoZone, Inc. has a one year low of $2,672.31 and a one year high of $3,437.63.

AutoZone (NYSE:AZO) last issued 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). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The firm had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter last year, the company posted $32.55 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on AZO. Evercore ISI lifted 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. Roth Mkm reaffirmed a “buy” rating and issued a $3,634.00 target price on shares of AutoZone in a research report on Wednesday, October 16th. Barclays upped their price target on shares of 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 assumed coverage on shares of AutoZone in a report on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 price objective on the stock. Finally, Guggenheim raised their price target on shares of AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. One equities research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.