Crew Capital Management Ltd. Boosts Stock Position in AutoZone, Inc. (NYSE:AZO)

Crew Capital Management Ltd. boosted its holdings in AutoZone, Inc. (NYSE:AZO) by 18.1% during the 4th quarter, Holdings Channel reports. The firm owned 385 shares of the company’s stock after acquiring an additional 59 shares during the period. AutoZone makes up about 1.0% of Crew Capital Management Ltd.’s investment portfolio, making the stock its 22nd largest holding. Crew Capital Management Ltd.’s holdings in AutoZone were worth $1,233,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of AZO. Capital Performance Advisors LLP bought a new stake in shares of AutoZone during the 3rd quarter valued at $36,000. Darwin Wealth Management LLC purchased a new position in shares of AutoZone in the 3rd quarter worth about $47,000. Crews Bank & Trust purchased a new position in shares of AutoZone in the 4th quarter worth about $61,000. McIlrath & Eck LLC boosted its holdings in shares of AutoZone by 25.0% in the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after purchasing an additional 4 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in shares of AutoZone in the 3rd quarter worth about $66,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Trading Up 0.2 %

NYSE:AZO opened at $3,485.50 on Wednesday. The company has a market capitalization of $58.49 billion, a P/E ratio of 23.29, 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 $3,563.57. The business’s 50-day moving average is $3,345.35 and its 200 day moving average is $3,221.36.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing analysts’ consensus estimates of $29.11 by ($0.82). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. On average, research analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AZO shares. Wells Fargo & Company upped their price objective on AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Evercore ISI upped their price objective on AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Argus increased their target price on AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. TD Cowen upped their price target on 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, BMO Capital Markets assumed coverage on AutoZone in a research report on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 target price for the company. 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $3,442.61.

About AutoZone

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.