Jones Financial Companies Lllp Acquires 155 Shares of AutoZone, Inc. (NYSE:AZO)

Jones Financial Companies Lllp boosted its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 53.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 447 shares of the company’s stock after acquiring an additional 155 shares during the quarter. Jones Financial Companies Lllp’s holdings in AutoZone were worth $1,431,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in AutoZone during the 3rd quarter worth approximately $36,000. Darwin Wealth Management LLC bought a new stake in shares of AutoZone in the 3rd quarter valued at $47,000. Crews Bank & Trust bought a new stake in shares of AutoZone in the 4th quarter valued at $61,000. McIlrath & Eck LLC boosted its stake in shares of 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 purchasing an additional 4 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in shares of AutoZone in the 3rd quarter valued at $66,000. 92.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AZO has been the topic of a number of analyst reports. Roth Mkm upped their price objective on shares of AutoZone from $3,634.00 to $3,763.00 and gave the company a “buy” rating in a research note on Wednesday. UBS Group upped their price objective on shares of AutoZone from $3,875.00 to $4,025.00 and gave the company a “buy” rating in a research note on Wednesday. Morgan Stanley upped their price objective on shares of AutoZone from $3,490.00 to $3,750.00 and gave the company an “overweight” rating in a research note on Wednesday. Mizuho upped their price objective on shares of AutoZone from $3,600.00 to $3,740.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Evercore ISI boosted their target price 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, AutoZone currently has an average rating of “Moderate Buy” and a consensus target price of $3,646.62.

AutoZone Trading Up 0.1 %

AZO opened at $3,620.28 on Friday. The company’s fifty day moving average price is $3,365.96 and its two-hundred day moving average price is $3,229.56. AutoZone, Inc. has a 1-year low of $2,728.97 and a 1-year high of $3,636.96. The company has a market cap of $60.76 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 1.86 and a beta of 0.71.

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

Insider Activity

In other news, SVP Bailey L. Childress sold 160 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $3,550.00, for a total value of $568,000.00. Following the completion of the sale, the senior vice president now owns 50 shares in the company, valued at $177,500. This represents a 76.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

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.