AutoZone, Inc. (NYSE:AZO) Shares Acquired by ING Groep NV

ING Groep NV lifted its position in shares of AutoZone, Inc. (NYSE:AZO) by 4,367.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,797 shares of the company’s stock after acquiring an additional 3,712 shares during the period. ING Groep NV’s holdings in AutoZone were worth $12,158,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in AZO. Capital Performance Advisors LLP acquired a new stake in shares of AutoZone during the 3rd quarter valued at approximately $36,000. Darwin Wealth Management LLC acquired a new stake in shares of AutoZone during the 3rd quarter valued at approximately $47,000. Crews Bank & Trust acquired a new stake in AutoZone in the fourth quarter worth $61,000. McIlrath & Eck LLC increased its position in AutoZone by 25.0% in the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after buying an additional 4 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new stake in AutoZone in the third quarter worth $66,000. 92.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on AZO. BMO Capital Markets began coverage on AutoZone in a research report on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 target price on the stock. Guggenheim increased their target price 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. Argus increased their target price on AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Evercore ISI increased their target price on AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Truist Financial increased their target price on 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 investment analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $3,429.84.

AutoZone Stock Up 0.4 %

Shares of AZO stock opened at $3,408.52 on Friday. The stock has a 50-day simple moving average of $3,321.68 and a 200 day simple moving average of $3,204.55. AutoZone, Inc. has a fifty-two week low of $2,680.96 and a fifty-two week high of $3,484.42. The stock has a market capitalization of $57.19 billion, a P/E ratio of 22.77, a P/E/G ratio of 1.87 and a beta of 0.70.

AutoZone (NYSE:AZO) last announced its 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). 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 for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the prior year, the business earned $32.55 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, sell-side analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current year.

About AutoZone

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.