LGT Capital Partners LTD. Has $86.79 Million Stock Position in AutoZone, Inc. (NYSE:AZO)

LGT Capital Partners LTD. lessened its stake in shares of AutoZone, Inc. (NYSE:AZO) by 9.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,105 shares of the company’s stock after selling 2,835 shares during the quarter. AutoZone comprises approximately 3.3% of LGT Capital Partners LTD.’s holdings, making the stock its 10th largest position. LGT Capital Partners LTD. owned about 0.16% of AutoZone worth $86,790,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AZO. Capital Performance Advisors LLP bought a new stake in shares of AutoZone during the 3rd quarter worth about $36,000. Darwin Wealth Management LLC bought a new stake in shares of AutoZone during the 3rd quarter worth about $47,000. Crews Bank & Trust acquired a new position in shares of AutoZone during the 4th quarter worth about $61,000. McIlrath & Eck LLC lifted its position in shares of AutoZone by 25.0% during the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after purchasing an additional 4 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in shares of AutoZone during the 3rd quarter worth about $66,000. Institutional investors own 92.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AZO shares. BMO Capital Markets boosted their price objective on AutoZone from $3,700.00 to $3,850.00 and gave the stock an “outperform” rating in a research report on Wednesday. Barclays boosted their price objective on AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. DA Davidson boosted their price objective on AutoZone from $3,350.00 to $3,500.00 and gave the stock a “neutral” rating in a research report on Wednesday. Roth Mkm boosted their price objective on AutoZone from $3,634.00 to $3,763.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Mizuho boosted their price objective on AutoZone from $3,600.00 to $3,740.00 and gave the stock an “outperform” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $3,646.62.

Insider Buying and Selling

In related news, SVP Bailey L. Childress sold 160 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the sale, the senior vice president now directly owns 50 shares in the company, valued at $177,500. This represents a 76.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is owned by corporate insiders.

AutoZone Trading Up 0.1 %

AZO stock opened at $3,620.28 on Friday. AutoZone, Inc. has a 1-year low of $2,728.97 and a 1-year high of $3,636.96. The firm has a market cap of $60.76 billion, a P/E ratio of 24.19, a P/E/G ratio of 1.86 and a beta of 0.71. The business’s 50 day moving average is $3,365.96 and its 200-day moving average is $3,229.85.

AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing analysts’ consensus estimates of $29.11 by ($0.82). The business had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.98 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. Sell-side analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current year.

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.