AutoZone, Inc. (NYSE:AZO) Shares Bought by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd increased its holdings in AutoZone, Inc. (NYSE:AZO) by 50.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 202 shares of the company’s stock after buying an additional 68 shares during the quarter. Mediolanum International Funds Ltd’s holdings in AutoZone were worth $642,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new stake in AutoZone in the 2nd quarter worth approximately $2,249,000. Czech National Bank boosted its position in AutoZone by 5.5% in the 3rd quarter. Czech National Bank now owns 3,479 shares of the company’s stock worth $10,959,000 after purchasing an additional 182 shares in the last quarter. Park Avenue Securities LLC boosted its position in AutoZone by 3.7% in the 3rd quarter. Park Avenue Securities LLC now owns 167 shares of the company’s stock worth $526,000 after purchasing an additional 6 shares in the last quarter. Handelsbanken Fonder AB boosted its position in AutoZone by 4.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 9,271 shares of the company’s stock worth $29,204,000 after purchasing an additional 421 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in AutoZone by 23.8% in the 3rd quarter. GAMMA Investing LLC now owns 151 shares of the company’s stock worth $476,000 after purchasing an additional 29 shares in the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on AZO shares. Mizuho upped their price objective on AutoZone from $3,350.00 to $3,600.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Roth Capital upgraded AutoZone to a “strong-buy” rating in a research report on Tuesday, October 15th. Evercore ISI increased their target price 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. TD Cowen increased their target price on AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, BMO Capital Markets began coverage on AutoZone in a research report on Friday, December 13th. They set an “outperform” rating and a $3,700.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, AutoZone presently has a consensus rating of “Moderate Buy” and a consensus target price of $3,429.84.

AutoZone Stock Performance

Shares of AZO stock opened at $3,354.35 on Monday. AutoZone, Inc. has a fifty-two week low of $2,672.31 and a fifty-two week high of $3,437.63. The firm has a market capitalization of $56.29 billion, a P/E ratio of 22.41, a PEG ratio of 1.83 and a beta of 0.71. The stock’s fifty day moving average is $3,263.25 and its two-hundred day moving average is $3,166.16.

AutoZone (NYSE:AZO) last issued its 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). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The company had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the business earned $32.55 earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year. On average, equities analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current 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.