TD Capital Management LLC Has $16.24 Million Stake in AutoZone, Inc. (NYSE:AZO)

TD Capital Management LLC decreased its stake in shares of AutoZone, Inc. (NYSE:AZO) by 0.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 5,073 shares of the company’s stock after selling 16 shares during the quarter. AutoZone accounts for about 1.7% of TD Capital Management LLC’s investment portfolio, making the stock its 14th biggest position. TD Capital Management LLC’s holdings in AutoZone were worth $16,244,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. increased its holdings in shares of AutoZone by 18.1% during the 3rd quarter. Franklin Resources Inc. now owns 44,946 shares of the company’s stock worth $141,717,000 after purchasing an additional 6,898 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of AutoZone by 186.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company’s stock valued at $292,544,000 after acquiring an additional 60,483 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of AutoZone by 29.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 34,808 shares of the company’s stock valued at $111,455,000 after acquiring an additional 7,922 shares in the last quarter. Silverleafe Capital Partners LLC boosted its position in shares of AutoZone by 1.0% during the 4th quarter. Silverleafe Capital Partners LLC now owns 2,642 shares of the company’s stock valued at $8,460,000 after acquiring an additional 26 shares in the last quarter. Finally, Mizuho Securities USA LLC boosted its position in shares of AutoZone by 592.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 9,210 shares of the company’s stock valued at $29,012,000 after acquiring an additional 7,879 shares in the last quarter. Institutional investors own 92.74% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AZO. BMO Capital Markets began coverage on shares of AutoZone in a report on Friday, December 13th. They set an “outperform” rating and a $3,700.00 price target for the company. Truist Financial lifted their price target on shares of AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Mizuho boosted their target price 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. Citigroup boosted their target price on AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, Argus lifted their price objective on AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, AutoZone currently has a consensus rating of “Moderate Buy” and a consensus price target of $3,429.84.

AutoZone Trading Up 1.6 %

AZO stock opened at $3,448.29 on Friday. The firm has a 50 day moving average of $3,332.11 and a 200-day moving average of $3,214.44. AutoZone, Inc. has a 12 month low of $2,728.97 and a 12 month high of $3,484.42. The firm has a market capitalization of $57.86 billion, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 1.86 and a beta of 0.70.

AutoZone (NYSE:AZO) 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 business had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.30 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $32.55 earnings per share. Sell-side analysts predict that AutoZone, Inc. will post 152.94 EPS for the current year.

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.