International Assets Investment Management LLC Has $1.08 Million Stake in AutoZone, Inc. (NYSE:AZO)

International Assets Investment Management LLC lowered its holdings in AutoZone, Inc. (NYSE:AZO) by 100.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 333 shares of the company’s stock after selling 993,086 shares during the quarter. International Assets Investment Management LLC’s holdings in AutoZone were worth $1,082,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in AutoZone in the 3rd quarter valued at about $36,000. Meeder Asset Management Inc. lifted its holdings in shares of AutoZone by 50.0% in the second quarter. Meeder Asset Management Inc. now owns 15 shares of the company’s stock valued at $44,000 after purchasing an additional 5 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new position in shares of AutoZone during the third quarter valued at approximately $47,000. Darwin Wealth Management LLC bought a new stake in AutoZone during the third quarter worth $47,000. Finally, McIlrath & Eck LLC raised its position in AutoZone by 25.0% in the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after buying an additional 4 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Stock Performance

Shares of AZO opened at $3,301.99 on Friday. AutoZone, Inc. has a 52-week low of $2,510.00 and a 52-week high of $3,416.71. The stock’s 50-day simple moving average is $3,207.04 and its 200 day simple moving average is $3,120.68. The stock has a market capitalization of $55.41 billion, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 1.73 and a beta of 0.71.

AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). The firm had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.30 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The company’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. On average, research analysts forecast that AutoZone, Inc. will post 154.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on AZO shares. BNP Paribas raised shares of AutoZone to a “strong-buy” rating in a report on Wednesday, September 25th. Mizuho increased their price objective on shares of AutoZone from $3,350.00 to $3,600.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Roth Mkm restated a “buy” rating and issued a $3,634.00 target price on shares of AutoZone in a research note on Wednesday, October 16th. Truist Financial increased their price target on AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, Guggenheim boosted their price objective 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $3,429.84.

AutoZone 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.