Mutual of America Capital Management LLC Has $8.89 Million Stock Holdings in AutoZone, Inc. (NYSE:AZO)

Mutual of America Capital Management LLC decreased its position in shares of AutoZone, Inc. (NYSE:AZO) by 4.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,775 shares of the company’s stock after selling 120 shares during the quarter. Mutual of America Capital Management LLC’s holdings in AutoZone were worth $8,886,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AZO. Capital Performance Advisors LLP bought a new position in shares of AutoZone during the third quarter worth $36,000. Darwin Wealth Management LLC bought a new position in AutoZone during the third quarter worth about $47,000. Crews Bank & Trust acquired a new position in AutoZone in the fourth quarter valued at about $61,000. McIlrath & Eck LLC grew its stake in AutoZone by 25.0% in the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after acquiring an additional 4 shares during the period. Finally, Ashton Thomas Securities LLC bought a new stake in shares of AutoZone in the third quarter worth about $66,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Stock Up 1.2 %

Shares of AutoZone stock opened at $3,484.56 on Friday. The stock has a market cap of $58.48 billion, a P/E ratio of 23.28, a P/E/G ratio of 1.86 and a beta of 0.70. AutoZone, Inc. has a 12-month low of $2,728.97 and a 12-month high of $3,500.00. The business’s 50 day moving average is $3,336.73 and its 200-day moving average is $3,217.19.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) 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 firm had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the company posted $32.55 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. On average, sell-side analysts expect that AutoZone, Inc. will post 152.94 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Evercore ISI boosted their price objective 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. Citigroup upped their price target on shares of AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Barclays increased their price objective on shares of AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. TD Cowen boosted their price objective on shares of 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, Argus increased their target price on AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, AutoZone currently has an average rating of “Moderate Buy” and an average price target of $3,442.61.

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.