AutoZone, Inc. (NYSE:AZO) Shares Bought by Ballentine Partners LLC

Ballentine Partners LLC grew its position in shares of AutoZone, Inc. (NYSE:AZO) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 640 shares of the company’s stock after purchasing an additional 5 shares during the period. Ballentine Partners LLC’s holdings in AutoZone were worth $2,048,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in shares of AutoZone in the third quarter valued at $36,000. Carolina Wealth Advisors LLC acquired a new stake in AutoZone in the third quarter valued at $47,000. Darwin Wealth Management LLC acquired a new stake in AutoZone in the third quarter valued at $47,000. McIlrath & Eck LLC lifted its holdings in AutoZone by 25.0% during the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after buying an additional 4 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in AutoZone during the 3rd quarter worth about $66,000. 92.74% of the stock is currently owned by institutional investors and hedge funds.

AutoZone Stock Up 2.2 %

Shares of AZO stock opened at $3,299.95 on Wednesday. The stock has a market capitalization of $55.37 billion, a PE ratio of 22.05, a price-to-earnings-growth ratio of 1.78 and a beta of 0.71. AutoZone, Inc. has a 52-week low of $2,672.31 and a 52-week high of $3,416.71. The stock’s 50-day moving average price is $3,223.86 and its 200 day moving average price is $3,139.31.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share (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 company had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter last year, the firm earned $32.55 EPS. The business’s revenue was up 2.1% on a year-over-year basis. Analysts expect that AutoZone, Inc. will post 153.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Barclays lifted their price target on AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Mizuho lifted their price target on AutoZone from $3,350.00 to $3,600.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Guggenheim lifted their price target on AutoZone from $3,350.00 to $3,750.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Roth Mkm reaffirmed a “buy” rating and set a $3,634.00 price target on shares of AutoZone in a report on Wednesday, October 16th. Finally, Wells Fargo & Company lifted their price target on AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, AutoZone currently has an average rating of “Moderate Buy” and an average 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.