CX Institutional Acquires 6 Shares of AutoZone, Inc. (NYSE:AZO)

CX Institutional grew its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 3.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 204 shares of the company’s stock after purchasing an additional 6 shares during the period. CX Institutional’s holdings in AutoZone were worth $653,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of AZO. Rappaport Reiches Capital Management LLC bought a new position in AutoZone during the fourth quarter worth $202,000. Private Capital Advisors Inc. bought a new position in AutoZone during the fourth quarter worth $247,000. Brighton Jones LLC raised its stake in AutoZone by 14.4% during the fourth quarter. Brighton Jones LLC now owns 111 shares of the company’s stock worth $356,000 after buying an additional 14 shares during the last quarter. Verde Capital Management raised its stake in AutoZone by 90.0% during the fourth quarter. Verde Capital Management now owns 686 shares of the company’s stock worth $2,196,000 after buying an additional 325 shares during the last quarter. Finally, Red Door Wealth Management LLC raised its stake in AutoZone by 3.0% during the fourth quarter. Red Door Wealth Management LLC now owns 3,577 shares of the company’s stock worth $11,454,000 after buying an additional 105 shares during the last quarter. Institutional investors own 92.74% of the company’s stock.

AutoZone Stock Performance

Shares of AZO stock opened at $3,328.28 on Friday. The firm has a market cap of $55.85 billion, a price-to-earnings ratio of 22.24, a P/E/G ratio of 1.84 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 firm’s 50-day simple moving average is $3,238.73 and its two-hundred day simple moving average is $3,149.01.

AutoZone (NYSE:AZO) last posted 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 business had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the firm earned $32.55 EPS. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on AZO shares. Redburn Atlantic upgraded shares of AutoZone to a “strong-buy” rating in a report on Tuesday, October 1st. Wells Fargo & Company lifted their price objective on shares of AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Evercore ISI lifted their price objective on shares of AutoZone from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. BMO Capital Markets assumed coverage on shares of AutoZone in a report on Friday, December 13th. They set an “outperform” rating and a $3,700.00 price objective for the company. Finally, Barclays lifted their price objective on shares of AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, three have given 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, AutoZone currently 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.