AutoZone, Inc. (NYSE:AZO) Shares Acquired by Diversify Advisory Services LLC

Diversify Advisory Services LLC raised its stake in shares of AutoZone, Inc. (NYSE:AZO) by 52.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 180 shares of the company’s stock after purchasing an additional 62 shares during the period. Diversify Advisory Services LLC’s holdings in AutoZone were worth $585,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AZO. International Assets Investment Management LLC increased its position in AutoZone by 354,692.5% during the 3rd 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 in the last quarter. The Manufacturers Life Insurance Company grew its stake in AutoZone by 186.8% during the third quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company’s stock worth $292,544,000 after buying an additional 60,483 shares during the period. Canoe Financial LP increased its position in shares of AutoZone by 542.8% in the fourth quarter. Canoe Financial LP now owns 62,471 shares of the company’s stock worth $200,032,000 after acquiring an additional 52,753 shares in the last quarter. Squarepoint Ops LLC raised its stake in shares of AutoZone by 319.0% in the 2nd quarter. Squarepoint Ops LLC now owns 36,225 shares of the company’s stock valued at $107,375,000 after acquiring an additional 27,580 shares during the period. Finally, Worldquant Millennium Advisors LLC acquired a new position in shares of AutoZone during the 3rd quarter valued at $85,127,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on AZO shares. BNP Paribas raised AutoZone to a “strong-buy” rating in a research report on Wednesday, September 25th. TD Cowen upped their price target on AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a report on Monday, December 16th. BMO Capital Markets initiated coverage on shares of AutoZone in a research report on Friday, December 13th. They set an “outperform” rating and a $3,700.00 target price on the stock. Wells Fargo & Company raised their price target on shares of AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Finally, Guggenheim upped their price objective on shares of AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, AutoZone currently has an average rating of “Moderate Buy” and a consensus target price of $3,429.84.

AutoZone Stock Up 2.2 %

Shares of AZO stock opened at $3,299.95 on Wednesday. The business has a 50 day moving average of $3,223.86 and a two-hundred day moving average of $3,139.31. AutoZone, Inc. has a 52 week low of $2,672.31 and a 52 week high of $3,416.71. The company has a market cap of $55.37 billion, a P/E ratio of 22.05, a PEG ratio of 1.78 and a beta of 0.71.

AutoZone (NYSE:AZO) last issued 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). The company had revenue of $4.28 billion for 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%. AutoZone’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $32.55 earnings per share. Analysts expect that AutoZone, Inc. will post 153.09 EPS for the current fiscal 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.