29 Shares in AutoZone, Inc. (NYSE:AZO) Acquired by Roxbury Financial LLC

Roxbury Financial LLC bought a new position in shares of AutoZone, Inc. (NYSE:AZO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 29 shares of the company’s stock, valued at approximately $92,000.

A number of other hedge funds have also bought and sold shares of AZO. Franklin Resources Inc. boosted its holdings in shares of AutoZone by 18.1% in the 3rd quarter. Franklin Resources Inc. now owns 44,946 shares of the company’s stock valued at $141,717,000 after acquiring an additional 6,898 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of AutoZone by 186.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company’s stock valued at $292,544,000 after acquiring an additional 60,483 shares during the period. Assenagon Asset Management S.A. grew its holdings in AutoZone by 29.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 34,808 shares of the company’s stock valued at $111,455,000 after purchasing an additional 7,922 shares during the period. Silverleafe Capital Partners LLC lifted its position in shares of AutoZone by 1.0% during the 4th quarter. Silverleafe Capital Partners LLC now owns 2,642 shares of the company’s stock valued at $8,460,000 after buying an additional 26 shares in the last quarter. Finally, Verde Capital Management acquired a new stake in AutoZone in the 3rd quarter valued at $1,137,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Stock Performance

NYSE:AZO opened at $3,461.94 on Friday. AutoZone, Inc. has a one year low of $2,680.96 and a one year high of $3,484.42. The business’s 50-day simple moving average is $3,312.82 and its 200 day simple moving average is $3,194.34. The stock has a market cap of $58.09 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 1.92 and a beta of 0.70.

AutoZone (NYSE:AZO) last announced its quarterly earnings data 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). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The company had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period in the prior year, the business earned $32.55 earnings per share. AutoZone’s revenue was up 2.1% on a year-over-year basis. On average, equities research analysts predict that AutoZone, Inc. will post 152.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AZO. Citigroup lifted their target price on shares of AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Barclays boosted their price objective on AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Wells Fargo & Company raised their target price on AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. TD Cowen boosted their price target 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, Argus raised their price objective on AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, AutoZone presently has an average rating of “Moderate Buy” and a consensus price target of $3,429.84.

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.