Oppenheimer & Co. Inc. Purchases 11 Shares of AutoZone, Inc. (NYSE:AZO)

Oppenheimer & Co. Inc. increased its position in shares of AutoZone, Inc. (NYSE:AZO) by 0.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,472 shares of the company’s stock after acquiring an additional 11 shares during the period. Oppenheimer & Co. Inc.’s holdings in AutoZone were worth $11,117,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Mn Services Vermogensbeheer B.V. grew its holdings in shares of AutoZone by 1.5% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 6,900 shares of the company’s stock worth $22,094,000 after purchasing an additional 100 shares during the last quarter. Stegent Equity Advisors Inc. boosted its position in AutoZone by 24.7% during the 4th quarter. Stegent Equity Advisors Inc. now owns 106 shares of the company’s stock worth $339,000 after buying an additional 21 shares during the period. Whipplewood Advisors LLC acquired a new stake in AutoZone during the 4th quarter worth approximately $67,000. NewEdge Wealth LLC grew its holdings in AutoZone by 4.7% during the 4th quarter. NewEdge Wealth LLC now owns 20,270 shares of the company’s stock worth $64,903,000 after acquiring an additional 917 shares during the last quarter. Finally, Impact Investors Inc acquired a new position in AutoZone in the 4th quarter valued at approximately $554,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Argus lifted their price target on shares of AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Truist Financial lifted their target price on AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. BMO Capital Markets started coverage on AutoZone in a research report on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 price target on the stock. TD Cowen raised their price objective on AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Citigroup upped their target price on AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $3,429.84.

AutoZone Stock Up 1.6 %

Shares of NYSE AZO opened at $3,448.29 on Friday. The firm has a market cap of $57.86 billion, a PE ratio of 23.04, a P/E/G ratio of 1.86 and a beta of 0.70. The company’s fifty day simple moving average is $3,332.11 and its 200 day simple moving average is $3,214.44. AutoZone, Inc. has a 12-month low of $2,728.97 and a 12-month high of $3,484.42.

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

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.