4,625 Shares in AutoZone, Inc. $AZO Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of AutoZone, Inc. (NYSE:AZO) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,625 shares of the company’s stock, valued at approximately $13,089,000.

Several other large investors have also made changes to their positions in the company. Vise Technologies Inc. bought a new stake in AutoZone during the third quarter worth $3,180,000. Grandfield & Dodd LLC boosted its holdings in shares of AutoZone by 4.6% in the 3rd quarter. Grandfield & Dodd LLC now owns 5,222 shares of the company’s stock valued at $14,778,000 after purchasing an additional 229 shares in the last quarter. Aprio Wealth Management LLC increased its stake in shares of AutoZone by 5.8% in the 3rd quarter. Aprio Wealth Management LLC now owns 73 shares of the company’s stock valued at $207,000 after purchasing an additional 4 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of AutoZone by 20,034.2% in the 3rd quarter. International Assets Investment Management LLC now owns 90,000 shares of the company’s stock valued at $254,702,000 after purchasing an additional 89,553 shares during the last quarter. Finally, D.A. Davidson & CO. increased its stake in shares of AutoZone by 6.9% in the 3rd quarter. D.A. Davidson & CO. now owns 2,448 shares of the company’s stock valued at $6,928,000 after purchasing an additional 159 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Price Performance

AutoZone stock opened at $3,199.47 on Wednesday. The business has a 50 day moving average of $2,974.50 and a 200-day moving average of $3,258.65. The company has a market capitalization of $51.48 billion, a P/E ratio of 20.94, a P/E/G ratio of 1.68 and a beta of 0.37. AutoZone, Inc. has a 1 year low of $2,730.65 and a 1 year high of $3,996.25.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, September 22nd. The company reported $56.05 EPS for the quarter, topping the consensus estimate of $0.54 by $55.51. AutoZone had a net margin of 12.65% and a negative return on equity of 90.08%. The business had revenue of $6.59 billion for the quarter, compared to the consensus estimate of $6.70 billion. During the same period last year, the company earned $48.71 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year. Equities analysts anticipate that AutoZone, Inc. will post 170.30 EPS for the current year.

Insider Transactions at AutoZone

In other news, VP Dennis LeRiche sold 1,455 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $3,100.00, for a total transaction of $4,510,500.00. Following the completion of the transaction, the vice president owned 441 shares of the company’s stock, valued at approximately $1,367,100. This trade represents a 76.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on AZO shares. Roth Capital lowered their price target on AutoZone from $4,023.00 to $3,850.00 and set a “buy” rating for the company in a report on Wednesday, September 23rd. Barclays reduced their price objective on AutoZone from $3,637.00 to $3,400.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 23rd. Truist Financial decreased their target price on AutoZone from $3,817.00 to $3,648.00 and set a “buy” rating on the stock in a research report on Wednesday, September 23rd. Guggenheim decreased their target price on AutoZone from $4,000.00 to $3,750.00 and set a “buy” rating on the stock in a research report on Wednesday, September 23rd. Finally, Raymond James Financial lowered their target price on AutoZone from $4,000.00 to $3,700.00 and set a “strong-buy” rating for the company in a research note on Wednesday, September 23rd. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, AutoZone has an average rating of “Moderate Buy” and an average price target of $3,674.36.

AutoZone Profile

AutoZone, Inc is a specialty retailer and distributor of automotive replacement parts, equipment and accessories. The company serves do-it-yourself customers, professional automotive technicians and commercial repair businesses through its retail stores, distribution network and digital platforms.

Its merchandise includes replacement batteries, brakes, filters, belts, hoses, ignition components, tools, fluids, lighting products and other maintenance items. AutoZone also offers private-label products under brands such as Duralast, as well as vehicle diagnostic services and parts delivery for commercial customers.

Founded in 1979 as Auto Shack by Pitt Hyde, the company adopted the AutoZone name in 1987.