AutoZone (NYSE:AZO) Price Target Raised to $4,025.00 at UBS Group

AutoZone (NYSE:AZO) had its target price boosted by UBS Group from $3,875.00 to $4,025.00 in a research note issued to investors on Wednesday,Benzinga reports. UBS Group currently has a buy rating on the stock.

AZO has been the topic of a number of other research reports. Barclays raised their price objective on shares of AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Roth Mkm lifted their price target on AutoZone from $3,634.00 to $3,763.00 and gave the company a “buy” rating in a research report on Wednesday. Bank of America boosted their price objective on AutoZone from $3,600.00 to $3,700.00 and gave the stock a “neutral” rating in a research note on Wednesday. TD Cowen raised their target price on AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Wells Fargo & Company boosted their price target on shares of AutoZone from $3,750.00 to $3,850.00 and gave the stock an “overweight” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $3,646.62.

AutoZone Stock Performance

Shares of AZO stock opened at $3,569.49 on Wednesday. AutoZone has a 1 year low of $2,728.97 and a 1 year high of $3,570.50. The firm has a market capitalization of $59.90 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 1.86 and a beta of 0.71. The stock has a fifty day moving average of $3,351.07 and a two-hundred day moving average of $3,223.79.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, March 4th. The company reported $28.29 earnings per share for the quarter, missing the consensus estimate of $29.11 by ($0.82). The company had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.98 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. Equities research analysts predict that AutoZone will post 152.94 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AutoZone

A number of large investors have recently made changes to their positions in the business. Proficio Capital Partners LLC boosted its holdings in shares of AutoZone by 482,040.2% during the fourth quarter. Proficio Capital Partners LLC now owns 419,462 shares of the company’s stock worth $1,343,117,000 after purchasing an additional 419,375 shares during the period. Norges Bank purchased a new stake in AutoZone in the 4th quarter worth approximately $834,556,000. Strategic Financial Concepts LLC acquired a new stake in shares of AutoZone during the 4th quarter valued at $471,629,000. Wealthfront Advisers LLC grew its holdings in shares of AutoZone by 6,083.9% during the 4th quarter. Wealthfront Advisers LLC now owns 90,656 shares of the company’s stock valued at $290,281,000 after acquiring an additional 89,190 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of AutoZone by 82.6% in the fourth quarter. Barclays PLC now owns 170,216 shares of the company’s stock worth $545,033,000 after acquiring an additional 77,015 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

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.