DJE Kapital AG Acquires Shares of 79 AutoZone, Inc. (NYSE:AZO)

DJE Kapital AG acquired a new stake in AutoZone, Inc. (NYSE:AZO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 79 shares of the company’s stock, valued at approximately $254,000.

A number of other institutional investors and hedge funds have also modified their holdings of AZO. Farther Finance Advisors LLC increased its stake in shares of AutoZone by 29.3% during the third quarter. Farther Finance Advisors LLC now owns 75 shares of the company’s stock worth $236,000 after purchasing an additional 17 shares in the last quarter. Conning Inc. increased its stake in shares of AutoZone by 127.6% during the third quarter. Conning Inc. now owns 223 shares of the company’s stock worth $702,000 after purchasing an additional 125 shares in the last quarter. KG&L Capital Management LLC increased its stake in shares of AutoZone by 9.9% during the third quarter. KG&L Capital Management LLC now owns 233 shares of the company’s stock worth $734,000 after purchasing an additional 21 shares in the last quarter. Citizens National Bank Trust Department increased its stake in shares of AutoZone by 5.8% during the third quarter. Citizens National Bank Trust Department now owns 382 shares of the company’s stock worth $1,203,000 after purchasing an additional 21 shares in the last quarter. Finally, National Pension Service increased its stake in shares of AutoZone by 10.7% during the third quarter. National Pension Service now owns 39,873 shares of the company’s stock worth $125,602,000 after purchasing an additional 3,865 shares in the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Trading Down 0.6 %

Shares of NYSE:AZO opened at $3,471.00 on Tuesday. AutoZone, Inc. has a 52 week low of $2,728.97 and a 52 week high of $3,519.00. The company’s 50 day moving average is $3,341.31 and its two-hundred day moving average is $3,219.44. The company has a market cap of $58.25 billion, a PE ratio of 23.19, a P/E/G ratio of 1.86 and a beta of 0.70.

AutoZone (NYSE:AZO) last announced its quarterly earnings data 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 firm had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the prior year, the company posted $32.55 earnings per share. The company’s revenue for the quarter 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.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Argus boosted their target price 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. Mizuho boosted their price target on shares of AutoZone from $3,350.00 to $3,600.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Citigroup boosted their price target on shares of AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. TD Cowen boosted their price target on shares of AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Truist Financial boosted their price target 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. One analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, AutoZone has a consensus rating of “Moderate Buy” and a consensus price target of $3,442.61.

AutoZone Company Profile

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.