Harel Insurance Investments & Financial Services Ltd. Purchases 10 Shares of AutoZone, Inc. (NYSE:AZO)

Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of AutoZone, Inc. (NYSE:AZOFree Report) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,347 shares of the company’s stock after buying an additional 10 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in AutoZone were worth $4,313,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC grew its stake 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 acquiring an additional 993,139 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings 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 purchasing an additional 60,483 shares during the period. Canoe Financial LP grew its position in shares of AutoZone by 542.8% during the 4th quarter. Canoe Financial LP now owns 62,471 shares of the company’s stock worth $200,032,000 after purchasing an additional 52,753 shares in the last quarter. Worldquant Millennium Advisors LLC acquired a new stake in shares of AutoZone in the third quarter valued at approximately $85,127,000. Finally, Erste Asset Management GmbH bought a new stake in shares of AutoZone in the third quarter valued at approximately $63,379,000. Institutional investors own 92.74% of the company’s stock.

AutoZone Stock Performance

AZO stock opened at $3,328.28 on Friday. The company has a market capitalization of $55.85 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 1.84 and a beta of 0.71. The business has a 50-day simple moving average of $3,234.31 and a two-hundred day simple moving average of $3,145.59. AutoZone, Inc. has a 52-week low of $2,672.31 and a 52-week high of $3,416.71.

AutoZone (NYSE:AZOGet Free Report) last posted its quarterly earnings data 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 negative return on equity of 53.89% and a net margin of 14.18%. The business had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the prior year, the firm posted $32.55 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, sell-side analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on AZO shares. DA Davidson reaffirmed a “neutral” rating and issued a $3,025.00 price objective on shares of AutoZone in a report on Monday, September 30th. Truist Financial upped their price objective on shares of AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Argus boosted their target price on shares of AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. BMO Capital Markets assumed coverage on shares of AutoZone in a research note on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 price target on the stock. Finally, Redburn Atlantic upgraded shares of AutoZone to a “strong-buy” rating in a report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $3,429.84.

Check Out Our Latest Stock Analysis on AutoZone

AutoZone Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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