353 Shares in AutoZone, Inc. (NYSE:AZO) Acquired by Aigen Investment Management LP

Aigen Investment Management LP acquired a new position in AutoZone, Inc. (NYSE:AZO) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 353 shares of the company’s stock, valued at approximately $1,130,000.

Other institutional investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in AutoZone during the 3rd quarter worth $36,000. Darwin Wealth Management LLC acquired a new stake in AutoZone during the 3rd quarter worth $47,000. Crews Bank & Trust acquired a new stake in AutoZone during the 4th quarter worth $61,000. McIlrath & Eck LLC grew 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 acquiring an additional 4 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new stake in AutoZone during the 3rd quarter worth $66,000. Institutional investors own 92.74% of the company’s stock.

AutoZone Price Performance

Shares of NYSE:AZO opened at $3,569.49 on Thursday. The company’s 50-day moving average price is $3,351.07 and its two-hundred day moving average price is $3,223.79. AutoZone, Inc. has a one year low of $2,728.97 and a one year high of $3,570.50. The stock has a market capitalization of $59.90 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 1.86 and a beta of 0.71.

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

Wall Street Analyst Weigh In

AZO has been the subject of a number of analyst reports. Citigroup lifted their target price on shares of AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Roth Mkm boosted their price target on shares of AutoZone from $3,634.00 to $3,763.00 and gave the company a “buy” rating in a report on Wednesday. Barclays boosted their price target 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. Wells Fargo & Company boosted their price target on shares of AutoZone from $3,750.00 to $3,850.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Raymond James boosted their price target on shares of AutoZone from $3,850.00 to $4,000.00 and gave the company a “strong-buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $3,646.62.

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.