US Bancorp DE Purchases 8 Shares of AutoZone, Inc. (NYSE:AZO)

US Bancorp DE boosted its position in shares of AutoZone, Inc. (NYSE:AZO) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,029 shares of the company’s stock after buying an additional 8 shares during the period. US Bancorp DE’s holdings in AutoZone were worth $9,699,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in shares of AutoZone in the 3rd quarter valued at approximately $36,000. Darwin Wealth Management LLC bought a new stake in shares of AutoZone in the 3rd quarter valued at approximately $47,000. Crews Bank & Trust bought a new stake in shares of AutoZone in the 4th quarter valued at approximately $61,000. McIlrath & Eck LLC lifted its stake in shares of AutoZone by 25.0% in the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after purchasing an additional 4 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in shares of AutoZone in the 3rd quarter valued at approximately $66,000. 92.74% of the stock is owned by institutional investors.

AutoZone Price Performance

Shares of AZO stock opened at $3,471.00 on Tuesday. AutoZone, Inc. has a 1-year low of $2,728.97 and a 1-year high of $3,519.00. The stock’s fifty day moving average price is $3,341.31 and its 200 day moving average price is $3,219.44. The company has a market cap of $58.25 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 1.86 and a beta of 0.70.

AutoZone (NYSE:AZO) last posted its quarterly earnings results 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). The firm had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $32.55 EPS. As a group, equities research analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on AZO. Guggenheim raised their price objective on AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. 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. Wells Fargo & Company increased 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. TD Cowen increased their price target on AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, Citigroup increased their price target on AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $3,442.61.

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.