Artemis Investment Management LLP Has $5.93 Million Stake in AutoZone, Inc. $AZO

Key Points

• Artemis Investment Management cut its AutoZone stake by 43.3% in Q4, now holding 1,748 shares valued at about $5.93 million after selling 1,336 shares.
• AutoZone reported quarterly EPS of $27.63, beating estimates by $0.04 while revenue of $4.27 billion missed consensus ($4.31 billion); revenue was up 8.2% year‑over‑year and net margin was 12.47%.
• The analyst consensus is a “Moderate Buy” with an average price target of $4,312.13, amid mixed target moves (Goldman Sachs and Citi raised targets while Roth MKM and Truist trimmed theirs).

Artemis Investment Management LLP decreased its stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 43.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,748 shares of the company's stock after selling 1,336 shares during the quarter. Artemis Investment Management LLP's holdings in AutoZone were worth $5,928,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Obermeyer Wealth Partners lifted its position in shares of AutoZone by 4.7% in the 3rd quarter. Obermeyer Wealth Partners now owns 67 shares of the company's stock worth $287,000 after acquiring an additional 3 shares during the period. Covestor Ltd increased its position in shares of AutoZone by 5.5% during the third quarter. Covestor Ltd now owns 58 shares of the company's stock valued at $250,000 after purchasing an additional 3 shares during the period. SYM FINANCIAL Corp increased its position in shares of AutoZone by 3.6% during the third quarter. SYM FINANCIAL Corp now owns 86 shares of the company's stock valued at $369,000 after purchasing an additional 3 shares during the period. Camden National Bank raised its stake in shares of AutoZone by 3.6% in the third quarter. Camden National Bank now owns 86 shares of the company's stock valued at $369,000 after purchasing an additional 3 shares in the last quarter. Finally, Crestwood Advisors Group LLC lifted its position in AutoZone by 1.7% in the third quarter. Crestwood Advisors Group LLC now owns 184 shares of the company's stock worth $791,000 after purchasing an additional 3 shares during the period. Institutional investors and hedge funds own 92.74% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Roth Mkm decreased their price target on shares of AutoZone from $4,650.00 to $4,526.00 and set a "buy" rating on the stock in a research note on Wednesday, March 4th. Mizuho increased their price objective on shares of AutoZone from $3,550.00 to $3,600.00 and gave the company a "neutral" rating in a research note on Thursday, March 5th. The Goldman Sachs Group raised their price objective on shares of AutoZone from $4,274.00 to $4,345.00 and gave the stock a "buy" rating in a report on Wednesday, March 4th. Citigroup upped their target price on shares of AutoZone from $4,200.00 to $4,300.00 and gave the company a "buy" rating in a research note on Wednesday, March 4th. Finally, Truist Financial dropped their price target on shares of AutoZone from $4,076.00 to $4,045.00 and set a "buy" rating for the company in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $4,312.13.

Insiders Place Their Bets

In related news, Director Earl G. Graves, Jr. sold 50 shares of the business's stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $3,478.72, for a total value of $173,936.00. Following the completion of the transaction, the director owned 4,837 shares in the company, valued at $16,826,568.64. The trade was a 1.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.60% of the stock is owned by company insiders.

AutoZone Stock Performance

Shares of NYSE:AZO opened at $3,592.41 on Friday. The business has a fifty day moving average of $3,544.72 and a 200-day moving average of $3,630.64. AutoZone, Inc. has a twelve month low of $3,210.72 and a twelve month high of $4,388.11. The firm has a market cap of $59.20 billion, a PE ratio of 25.17, a price-to-earnings-growth ratio of 1.84 and a beta of 0.43.

AutoZone (NYSE:AZO - Get Free Report) last issued its quarterly earnings data on Tuesday, March 3rd. The company reported $27.63 EPS for the quarter, topping analysts' consensus estimates of $27.59 by $0.04. AutoZone had a net margin of 12.47% and a negative return on equity of 72.31%. The firm had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.31 billion. During the same quarter in the prior year, the firm earned $28.29 EPS. The company's revenue was up 8.2% on a year-over-year basis. On average, analysts anticipate that AutoZone, Inc. will post 148.93 EPS for the current fiscal year.

AutoZone Profile

AutoZone, Inc NYSE: AZO is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.

AutoZone serves both do‑it‑yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.

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