AutoZone, Inc. (NYSE:AZO) Shares Acquired by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. boosted its holdings in AutoZone, Inc. (NYSE:AZO) by 7.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,629 shares of the company’s stock after acquiring an additional 500 shares during the quarter. Braun Stacey Associates Inc.’s holdings in AutoZone were worth $24,428,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Pittenger & Anderson Inc. raised its stake in shares of AutoZone by 5.2% during the fourth quarter. Pittenger & Anderson Inc. now owns 61 shares of the company’s stock valued at $195,000 after acquiring an additional 3 shares during the last quarter. Allworth Financial LP boosted its stake in AutoZone by 5.0% during the 3rd quarter. Allworth Financial LP now owns 84 shares of the company’s stock valued at $265,000 after purchasing an additional 4 shares during the last quarter. IVC Wealth Advisors LLC raised its holdings 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 purchasing an additional 4 shares during the last quarter. Axxcess Wealth Management LLC increased its position in shares of AutoZone by 1.5% during the 3rd quarter. Axxcess Wealth Management LLC now owns 267 shares of the company’s stock valued at $841,000 after purchasing an additional 4 shares during the last quarter. Finally, Moors & Cabot Inc. raised its stake in shares of AutoZone by 4.2% in the third quarter. Moors & Cabot Inc. now owns 99 shares of the company’s stock valued at $312,000 after buying an additional 4 shares during the period. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Price Performance

AutoZone stock opened at $3,461.94 on Tuesday. The company has a market capitalization of $58.09 billion, a price-to-earnings ratio of 23.13, a PEG ratio of 1.92 and a beta of 0.70. The company’s fifty day moving average price is $3,315.89 and its two-hundred day moving average price is $3,198.06. AutoZone, Inc. has a one year low of $2,680.96 and a one year high of $3,484.42.

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

Wall Street Analysts Forecast Growth

AZO has been the subject of a number of research analyst reports. Evercore ISI lifted their price objective on shares of AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Mizuho lifted their price target on AutoZone from $3,350.00 to $3,600.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Citigroup raised their price objective on AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. BMO Capital Markets initiated coverage on AutoZone in a research note on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 target price for the company. Finally, Wells Fargo & Company increased their price target on shares of AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $3,429.84.

AutoZone 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.