Savant Capital LLC Has $2.60 Million Stock Position in AutoZone, Inc. (NYSE:AZO)

Savant Capital LLC lifted its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 2.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 811 shares of the company’s stock after acquiring an additional 21 shares during the period. Savant Capital LLC’s holdings in AutoZone were worth $2,596,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. International Assets Investment Management LLC boosted its stake in AutoZone by 354,692.5% in the 3rd quarter. International Assets Investment Management LLC now owns 993,419 shares of the company’s stock valued at $31,293,100,000 after buying an additional 993,139 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of AutoZone by 1.8% during the third quarter. Geode Capital Management LLC now owns 421,716 shares of the company’s stock valued at $1,326,545,000 after acquiring an additional 7,365 shares during the period. Marshfield Associates boosted its stake in shares of AutoZone by 0.5% in the 3rd quarter. Marshfield Associates now owns 169,586 shares of the company’s stock valued at $534,204,000 after purchasing an additional 796 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of AutoZone in the 4th quarter worth about $471,629,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of AutoZone by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 104,665 shares of the company’s stock worth $329,699,000 after purchasing an additional 466 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AZO has been the topic of a number of recent analyst reports. Citigroup boosted their price target on shares of AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Truist Financial boosted their target price on AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. BMO Capital Markets began coverage on AutoZone in a report on Friday, December 13th. They set an “outperform” rating and a $3,700.00 price target for the company. Argus lifted their price objective on AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Finally, Roth Mkm restated a “buy” rating and set a $3,634.00 target price on shares of AutoZone in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, AutoZone presently has a consensus rating of “Moderate Buy” and an average price target of $3,429.84.

AutoZone Stock Performance

AZO opened at $3,435.93 on Thursday. The company has a fifty day moving average price of $3,302.29 and a two-hundred day moving average price of $3,190.70. The firm has a market capitalization of $57.65 billion, a PE ratio of 22.96, a P/E/G ratio of 1.92 and a beta of 0.70. AutoZone, Inc. has a 52 week low of $2,680.96 and a 52 week high of $3,484.42.

AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). The firm 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 business’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $32.55 earnings per share. Equities 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.