Schroder Investment Management Group Has $268.16 Million Holdings in AutoZone, Inc. (NYSE:AZO)

Schroder Investment Management Group lifted its stake in shares of AutoZone, Inc. (NYSE:AZO) by 5.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 84,176 shares of the company’s stock after buying an additional 4,654 shares during the quarter. Schroder Investment Management Group owned about 0.50% of AutoZone worth $268,160,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of AZO. Proficio Capital Partners LLC boosted its stake in AutoZone by 482,040.2% during the fourth quarter. Proficio Capital Partners LLC now owns 419,462 shares of the company’s stock worth $1,343,117,000 after acquiring an additional 419,375 shares in the last quarter. Norges Bank bought a new position in shares of AutoZone during the 4th quarter worth about $834,556,000. Strategic Financial Concepts LLC acquired a new stake in shares of AutoZone in the 4th quarter valued at about $471,629,000. Wealthfront Advisers LLC increased its position in AutoZone by 6,083.9% in the 4th quarter. Wealthfront Advisers LLC now owns 90,656 shares of the company’s stock valued at $290,281,000 after buying an additional 89,190 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in AutoZone during the 4th quarter worth approximately $189,483,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Price Performance

Shares of AZO opened at $3,769.72 on Friday. AutoZone, Inc. has a 1-year low of $2,728.97 and a 1-year high of $3,838.00. The company has a market capitalization of $63.26 billion, a P/E ratio of 25.19, a P/E/G ratio of 1.86 and a beta of 0.71. The firm’s 50 day simple moving average is $3,483.80 and its 200 day simple moving average is $3,279.56.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, March 4th. The company reported $28.29 earnings per share for the quarter, missing the consensus estimate of $29.11 by ($0.82). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The company had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.98 billion. On average, equities analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Insiders Place Their Bets

In other AutoZone news, VP Dennis W. Leriche sold 1,575 shares of AutoZone stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $3,600.00, for a total transaction of $5,670,000.00. Following the transaction, the vice president now directly owns 417 shares of the company’s stock, valued at approximately $1,501,200. This trade represents a 79.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Bailey L. Childress sold 160 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the completion of the sale, the senior vice president now directly owns 50 shares of the company’s stock, valued at $177,500. This trade represents a 76.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,721 shares of company stock valued at $24,609,331 over the last 90 days. Insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Evercore ISI lifted their price target on shares of AutoZone from $3,525.00 to $3,700.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. DA Davidson upgraded shares of AutoZone from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $3,500.00 to $4,192.00 in a report on Friday, March 21st. JPMorgan Chase & Co. boosted their target price on shares of AutoZone from $3,775.00 to $3,830.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Bank of America raised their price target on shares of AutoZone from $3,600.00 to $3,700.00 and gave the company a “neutral” rating in a research report on Wednesday, March 5th. Finally, Mizuho raised their price objective on AutoZone from $3,600.00 to $3,740.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $3,683.36.

AutoZone Company 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.