TD Capital Management LLC Reduces Stock Holdings in AutoZone, Inc. (NYSE:AZO)

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

Several other hedge funds have also recently added to or reduced their stakes in AZO. Geode Capital Management LLC grew its holdings in AutoZone by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 421,716 shares of the company’s stock valued at $1,326,545,000 after buying an additional 7,365 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in shares of AutoZone by 482,040.2% in the fourth quarter. Proficio Capital Partners LLC now owns 419,462 shares of the company’s stock worth $1,343,117,000 after acquiring an additional 419,375 shares during the last quarter. PineStone Asset Management Inc. raised 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 acquiring an additional 13,771 shares during the last quarter. Marshfield Associates raised 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 acquiring an additional 796 shares during the last quarter. Finally, Baillie Gifford & Co. raised 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 acquiring an additional 42,776 shares during the last quarter. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AZO. Argus boosted their price target on AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Barclays lifted their price objective on AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. BMO Capital Markets started 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. Truist Financial lifted their target price on AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, Evercore ISI raised their price objective on AutoZone from $3,400.00 to $3,450.00 and gave the company 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 issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $3,429.84.

AutoZone Trading Up 1.6 %

AZO stock opened at $3,448.29 on Friday. AutoZone, Inc. has a 1 year low of $2,728.97 and a 1 year high of $3,484.42. The company has a fifty day simple moving average of $3,332.11 and a 200 day simple moving average of $3,214.44. The firm has a market cap of $57.86 billion, a PE ratio of 23.04, a PEG ratio of 1.86 and a beta of 0.70.

AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) 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 analyst estimates of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $32.55 EPS. As a group, analysts forecast that AutoZone, Inc. will post 152.94 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.