Inceptionr LLC Buys 144 Shares of AutoZone, Inc. (NYSE:AZO)

Inceptionr LLC increased its stake in AutoZone, Inc. (NYSE:AZO) by 35.6% during the fourth quarter, Holdings Channel reports. The firm owned 549 shares of the company’s stock after acquiring an additional 144 shares during the period. Inceptionr LLC’s holdings in AutoZone were worth $1,758,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Raymond James Financial Inc. bought a new position in shares of AutoZone in the fourth quarter worth $189,483,000. Dana Investment Advisors Inc. increased its position in shares of AutoZone by 6.9% in the fourth quarter. Dana Investment Advisors Inc. now owns 918 shares of the company’s stock worth $2,939,000 after purchasing an additional 59 shares during the period. Vision Financial Markets LLC bought a new position in shares of AutoZone in the fourth quarter worth $6,189,000. Cullen Frost Bankers Inc. increased its position in shares of AutoZone by 2.7% in the fourth quarter. Cullen Frost Bankers Inc. now owns 3,411 shares of the company’s stock worth $10,923,000 after purchasing an additional 91 shares during the period. Finally, Aigen Investment Management LP bought a new position in shares of AutoZone in the fourth quarter worth $1,130,000. Institutional investors own 92.74% of the company’s stock.

AutoZone Price Performance

AutoZone stock opened at $3,569.49 on Thursday. The stock’s 50 day moving average is $3,351.07 and its 200 day moving average is $3,223.79. The firm has a market cap of $59.90 billion, a P/E ratio of 23.85, a P/E/G ratio of 1.86 and a beta of 0.71. AutoZone, Inc. has a one year low of $2,728.97 and a one year high of $3,570.50.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing analysts’ consensus estimates of $29.11 by ($0.82). The company had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.98 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. Equities analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Mizuho raised their price target on AutoZone from $3,600.00 to $3,740.00 and gave the stock an “outperform” rating in a research report on Wednesday. BMO Capital Markets lifted their target price on AutoZone from $3,700.00 to $3,850.00 and gave the company an “outperform” rating in a research report on Wednesday. TD Cowen lifted their target price on AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a research report on Monday, December 16th. JPMorgan Chase & Co. lifted their target price on AutoZone from $3,775.00 to $3,830.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Wedbush reiterated an “outperform” rating and issued a $3,700.00 target price on shares of AutoZone in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $3,646.62.

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.