Truist Financial Corp boosted its holdings in AutoZone, Inc. (NYSE:AZO - Free Report) by 60.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,992 shares of the company's stock after buying an additional 2,247 shares during the period. Truist Financial Corp's holdings in AutoZone were worth $19,186,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. International Assets Investment Management LLC increased its holdings in shares of AutoZone by 354,692.5% in the third quarter. International Assets Investment Management LLC now owns 993,419 shares of the company's stock worth $31,293,100,000 after purchasing an additional 993,139 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of AutoZone by 1.8% in the third quarter. Geode Capital Management LLC now owns 421,716 shares of the company's stock worth $1,326,545,000 after purchasing an additional 7,365 shares during the last quarter. PineStone Asset Management Inc. increased its holdings in shares of AutoZone by 6.9% in the fourth quarter. PineStone Asset Management Inc. now owns 213,575 shares of the company's stock worth $683,867,000 after purchasing an additional 13,771 shares during the last quarter. Marshfield Associates increased 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 worth $534,204,000 after purchasing an additional 796 shares during the last quarter. Finally, Baillie Gifford & Co. increased its holdings in shares of AutoZone by 35.6% in the fourth quarter. Baillie Gifford & Co. now owns 163,089 shares of the company's stock worth $522,211,000 after purchasing an additional 42,776 shares during the last quarter. Institutional investors own 92.74% of the company's stock.
Several brokerages have recently issued reports on AZO. BMO Capital Markets began coverage on AutoZone in a report on Friday, December 13th. They issued an "outperform" rating and a $3,700.00 target price on the stock. Guggenheim lifted their price target on AutoZone from $3,350.00 to $3,750.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. 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. Truist Financial lifted their price target on AutoZone from $3,501.00 to $3,753.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Finally, Mizuho lifted their price target 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. One equities 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 data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $3,429.84.
Read Our Latest Report on AZO
AutoZone stock opened at $3,398.16 on Thursday. The company has a 50 day moving average price of $3,320.42 and a 200-day moving average price of $3,203.12. AutoZone, Inc. has a fifty-two week low of $2,680.96 and a fifty-two week high of $3,484.42. The company has a market capitalization of $57.02 billion, a PE ratio of 22.70, a P/E/G ratio of 1.91 and a beta of 0.70.
AutoZone (NYSE:AZO - Get Free Report) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share for the quarter, missing the consensus estimate of $33.69 by ($1.17). The company had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The business's revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm posted $32.55 EPS. On average, analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current year.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
Before you consider AutoZone, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AutoZone wasn't on the list.
While AutoZone currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.