Koshinski Asset Management Inc. Reduces Stock Holdings in AutoZone, Inc. (NYSE:AZO)

Koshinski Asset Management Inc. trimmed its holdings in AutoZone, Inc. (NYSE:AZO) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 971 shares of the company’s stock after selling 7 shares during the period. Koshinski Asset Management Inc.’s holdings in AutoZone were worth $3,109,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in AZO. International Assets Investment Management LLC grew its position in shares of AutoZone by 354,692.5% in the third quarter. International Assets Investment Management LLC now owns 993,419 shares of the company’s stock valued at $31,293,100,000 after purchasing an additional 993,139 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in AutoZone by 186.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company’s stock valued at $292,544,000 after buying an additional 60,483 shares in the last quarter. Canoe Financial LP grew its holdings in AutoZone by 542.8% during the 4th quarter. Canoe Financial LP now owns 62,471 shares of the company’s stock valued at $200,032,000 after buying an additional 52,753 shares during the last quarter. Squarepoint Ops LLC increased its position in AutoZone by 319.0% during the second quarter. Squarepoint Ops LLC now owns 36,225 shares of the company’s stock worth $107,375,000 after buying an additional 27,580 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC acquired a new position in shares of AutoZone in the third quarter worth $85,127,000. 92.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on the company. UBS Group increased their price objective on AutoZone from $3,340.00 to $3,500.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Citigroup raised their price target on shares of AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Truist Financial boosted their price objective on shares of AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Redburn Atlantic upgraded shares of AutoZone to a “strong-buy” rating in a research report on Tuesday, October 1st. Finally, Roth Capital upgraded AutoZone to a “strong-buy” rating in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $3,429.84.

AutoZone Stock Up 0.8 %

NYSE AZO opened at $3,221.06 on Tuesday. AutoZone, Inc. has a fifty-two week low of $2,658.18 and a fifty-two week high of $3,416.71. The business has a 50 day moving average price of $3,222.90 and a two-hundred day moving average price of $3,136.66. The stock has a market cap of $54.05 billion, a PE ratio of 21.52, a P/E/G ratio of 1.80 and a beta of 0.71.

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 during the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter last year, the company posted $32.55 earnings per share. AutoZone’s revenue for the quarter was up 2.1% compared to the same quarter last year. Sell-side analysts anticipate that AutoZone, Inc. will post 153.09 EPS for the current fiscal 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.