1,655 Shares in AutoZone, Inc. (NYSE:AZO) Acquired by Avanza Fonder AB

Avanza Fonder AB acquired a new stake in AutoZone, Inc. (NYSE:AZO) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 1,655 shares of the company’s stock, valued at approximately $5,299,000.

Several other large investors also recently modified their holdings of the business. Brighton Jones LLC boosted its holdings in shares of AutoZone by 4.1% during the second quarter. Brighton Jones LLC now owns 101 shares of the company’s stock worth $299,000 after acquiring an additional 4 shares during the period. Fidelis Capital Partners LLC grew its holdings in AutoZone by 2.6% in the 2nd quarter. Fidelis Capital Partners LLC now owns 159 shares of the company’s stock valued at $490,000 after buying an additional 4 shares in the last quarter. Petredis Investment Advisors LLC increased its position in AutoZone by 0.6% during the 3rd quarter. Petredis Investment Advisors LLC now owns 710 shares of the company’s stock worth $2,237,000 after buying an additional 4 shares during the period. Allworth Financial LP lifted its holdings in shares of AutoZone by 5.0% during the third quarter. Allworth Financial LP now owns 84 shares of the company’s stock worth $265,000 after buying an additional 4 shares in the last quarter. Finally, IVC Wealth Advisors LLC boosted its position in shares of AutoZone by 4.4% in the third quarter. IVC Wealth Advisors LLC now owns 95 shares of the company’s stock valued at $299,000 after acquiring an additional 4 shares during the period. 92.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AZO has been the topic of a number of recent research reports. Evercore ISI raised their price objective on AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Citigroup upped their price target on shares of AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Roth Capital raised shares of AutoZone to a “strong-buy” rating in a research note on Tuesday, October 15th. StockNews.com downgraded AutoZone from a “buy” rating to a “hold” rating in a report on Saturday, September 21st. Finally, Wedbush reaffirmed an “outperform” rating and issued a $3,200.00 price objective on shares of AutoZone in a research note on Thursday, September 19th. One analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, AutoZone presently has a consensus rating of “Moderate Buy” and a consensus target price of $3,429.84.

AutoZone Stock Performance

NYSE:AZO opened at $3,211.50 on Friday. AutoZone, Inc. has a 52 week low of $2,655.75 and a 52 week high of $3,416.71. The firm has a 50-day moving average price of $3,219.83 and a two-hundred day moving average price of $3,129.60. The firm has a market cap of $53.89 billion, a price-to-earnings ratio of 21.44, a price-to-earnings-growth ratio of 1.80 and a beta of 0.71.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 EPS for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). The business had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $32.55 earnings per share. As a group, sell-side analysts forecast that AutoZone, Inc. will post 153.09 earnings per share 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.