Aigen Investment Management LP Invests $1.13 Million in AutoZone, Inc. (NYSE:AZO)

Aigen Investment Management LP bought a new position in shares of AutoZone, Inc. (NYSE:AZO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 353 shares of the company’s stock, valued at approximately $1,130,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Geode Capital Management LLC increased its position 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 worth $1,326,545,000 after acquiring an additional 7,365 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in AutoZone by 482,040.2% in the fourth quarter. Proficio Capital Partners LLC now owns 419,462 shares of the company’s stock valued at $1,343,117,000 after buying an additional 419,375 shares during the last quarter. PineStone Asset Management Inc. increased its holdings in AutoZone by 6.9% in the fourth quarter. PineStone Asset Management Inc. now owns 213,575 shares of the company’s stock valued at $683,867,000 after buying an additional 13,771 shares during the last quarter. Marshfield Associates increased its holdings in AutoZone by 0.5% in the third quarter. Marshfield Associates now owns 169,586 shares of the company’s stock valued at $534,204,000 after buying an additional 796 shares during the last quarter. Finally, Baillie Gifford & Co. increased its holdings in AutoZone by 35.6% in the fourth quarter. Baillie Gifford & Co. now owns 163,089 shares of the company’s stock valued at $522,211,000 after buying an additional 42,776 shares during the last quarter. 92.74% of the stock is owned by hedge funds and other institutional investors.

AutoZone Stock Up 2.8 %

Shares of AZO opened at $3,569.49 on Thursday. The stock has a market cap of $59.90 billion, a price-to-earnings ratio of 23.85, a P/E/G ratio of 1.86 and a beta of 0.71. AutoZone, Inc. has a 12 month low of $2,728.97 and a 12 month high of $3,570.50. The company has a 50-day moving average price of $3,351.07 and a two-hundred day moving average price of $3,223.79.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $29.11 by ($0.82). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.98 billion. Equities research analysts expect that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. UBS Group boosted their price objective on AutoZone from $3,875.00 to $4,025.00 and gave the company a “buy” rating in a report on Wednesday. Mizuho lifted their target price on AutoZone from $3,600.00 to $3,740.00 and gave the company an “outperform” rating in a research note on Wednesday. Roth Mkm lifted their target price on AutoZone from $3,634.00 to $3,763.00 and gave the company a “buy” rating in a research note on Wednesday. Evercore ISI boosted their price objective on AutoZone from $3,525.00 to $3,700.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Wedbush reiterated an “outperform” rating and set a $3,700.00 price objective on shares of AutoZone in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, AutoZone has a consensus rating of “Moderate Buy” and a consensus target price of $3,646.62.

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.