Sanibel Captiva Trust Company Inc. Acquires 31 Shares of AutoZone, Inc. (NYSE:AZO)

Sanibel Captiva Trust Company Inc. lifted its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,613 shares of the company’s stock after purchasing an additional 31 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in AutoZone were worth $11,569,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AZO. Brighton Jones LLC lifted its holdings in shares of AutoZone by 4.1% during the 2nd 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 raised its position in AutoZone by 2.6% during the second quarter. Fidelis Capital Partners LLC now owns 159 shares of the company’s stock valued at $490,000 after purchasing an additional 4 shares in the last quarter. Petredis Investment Advisors LLC lifted its stake in AutoZone by 0.6% during the third quarter. Petredis Investment Advisors LLC now owns 710 shares of the company’s stock worth $2,237,000 after purchasing an additional 4 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of AutoZone by 5.0% in 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 in the last quarter. Finally, IVC Wealth Advisors LLC boosted its holdings in shares of AutoZone by 4.4% in the 3rd quarter. IVC Wealth Advisors LLC now owns 95 shares of the company’s stock valued at $299,000 after purchasing an additional 4 shares in the last quarter. Institutional investors own 92.74% of the company’s stock.

AutoZone Trading Up 0.8 %

NYSE AZO opened at $3,221.06 on Friday. The company has a fifty day simple moving average of $3,220.70 and a 200 day simple moving average of $3,130.04. AutoZone, Inc. has a 12-month low of $2,658.18 and a 12-month high of $3,416.71. The company has a market cap of $54.05 billion, a P/E ratio of 21.52, a PEG ratio of 1.80 and a beta of 0.71.

AutoZone (NYSE:AZO) last posted 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 negative return on equity of 53.89% and a net margin of 14.18%. The business had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the previous year, the firm earned $32.55 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. Sell-side analysts predict that AutoZone, Inc. will post 153.09 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Argus raised their price objective on AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Roth Capital upgraded shares of AutoZone to a “strong-buy” rating in a research note on Tuesday, October 15th. Truist Financial upped their price objective on shares of AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Morgan Stanley increased their price objective on shares of AutoZone from $3,038.00 to $3,125.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Finally, Citigroup boosted their target price on shares of AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, AutoZone has a consensus rating of “Moderate Buy” and an average price target 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.