Inceptionr LLC Has $1.76 Million Holdings in AutoZone, Inc. (NYSE:AZO)

Inceptionr LLC raised its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 35.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 549 shares of the company’s stock after purchasing an additional 144 shares during the period. Inceptionr LLC’s holdings in AutoZone were worth $1,758,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in shares of AutoZone in the 4th quarter valued at about $189,483,000. Dana Investment Advisors Inc. increased its stake in shares of AutoZone by 6.9% in the 4th quarter. Dana Investment Advisors Inc. now owns 918 shares of the company’s stock valued at $2,939,000 after acquiring an additional 59 shares during the last quarter. Vision Financial Markets LLC bought a new stake in shares of AutoZone in the 4th quarter valued at about $6,189,000. Cullen Frost Bankers Inc. increased its stake in shares of AutoZone by 2.7% in the 4th quarter. Cullen Frost Bankers Inc. now owns 3,411 shares of the company’s stock valued at $10,923,000 after acquiring an additional 91 shares during the last quarter. Finally, Aigen Investment Management LP bought a new stake in shares of AutoZone in the 4th quarter valued at about $1,130,000. 92.74% of the stock is currently owned by institutional investors and hedge funds.

AutoZone Stock Performance

AZO opened at $3,569.49 on Thursday. AutoZone, Inc. has a fifty-two week low of $2,728.97 and a fifty-two week high of $3,570.50. The company has a market capitalization of $59.90 billion, a P/E ratio of 23.85, a P/E/G ratio of 1.86 and a beta of 0.71. The stock has a fifty day moving average of $3,351.07 and a 200-day moving average of $3,223.79.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share 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%. The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.98 billion. On average, equities research analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AZO has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on AutoZone from $3,775.00 to $3,830.00 and gave the company an “overweight” rating in a research note on Wednesday. Mizuho upped their price target on AutoZone from $3,600.00 to $3,740.00 and gave the company an “outperform” rating in a research note on Wednesday. Truist Financial increased their target price on AutoZone from $3,753.00 to $3,841.00 and gave the stock a “buy” rating in a research note on Wednesday. Wedbush reissued an “outperform” rating and set a $3,700.00 target price on shares of AutoZone in a research note on Wednesday. Finally, Wells Fargo & Company increased their target price on AutoZone from $3,750.00 to $3,850.00 and gave the stock an “overweight” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat, AutoZone currently has an average rating of “Moderate Buy” and an average target price of $3,646.62.

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.