CX Institutional Buys 6 Shares of AutoZone, Inc. (NYSE:AZO)

CX Institutional raised its stake in AutoZone, Inc. (NYSE:AZO) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 204 shares of the company’s stock after acquiring an additional 6 shares during the quarter. CX Institutional’s holdings in AutoZone were worth $653,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in AutoZone in the 3rd quarter valued at about $36,000. Carolina Wealth Advisors LLC bought a new position in AutoZone in the 3rd quarter valued at about $47,000. Darwin Wealth Management LLC bought a new position in AutoZone in the 3rd quarter valued at about $47,000. McIlrath & Eck LLC raised its holdings in AutoZone by 25.0% in the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after acquiring an additional 4 shares during the period. Finally, Ashton Thomas Securities LLC bought a new position in AutoZone in the 3rd quarter valued at about $66,000. 92.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on AZO shares. DA Davidson restated a “neutral” rating and set a $3,025.00 target price on shares of AutoZone in a research report on Monday, September 30th. The Goldman Sachs Group lowered shares of AutoZone from a “buy” rating to a “sell” rating and decreased their target price for the stock from $3,205.00 to $2,917.00 in a research report on Monday, October 14th. Citigroup increased their target price on shares of AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. BMO Capital Markets started coverage on shares of AutoZone in a research report on Friday, December 13th. They set an “outperform” rating and a $3,700.00 target price on the stock. Finally, Argus increased their target price on shares of AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, AutoZone currently has an average rating of “Moderate Buy” and a consensus price target of $3,429.84.

AutoZone Price Performance

Shares of NYSE:AZO opened at $3,328.28 on Friday. The company has a market cap of $55.85 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 1.84 and a beta of 0.71. The firm has a 50 day simple moving average of $3,238.73 and a 200 day simple moving average of $3,149.01. AutoZone, Inc. has a one year low of $2,672.31 and a one year high of $3,416.71.

AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $33.69 by ($1.17). The business had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. AutoZone’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $32.55 EPS. As a group, analysts expect that AutoZone, Inc. will post 152.94 EPS for the current year.

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.