AutoZone, Inc. (NYSE:AZO) Shares Purchased by Eagle Rock Investment Company LLC

Eagle Rock Investment Company LLC boosted its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 13.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,254 shares of the company’s stock after purchasing an additional 501 shares during the quarter. AutoZone makes up approximately 2.3% of Eagle Rock Investment Company LLC’s holdings, making the stock its 12th largest holding. Eagle Rock Investment Company LLC’s holdings in AutoZone were worth $13,620,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Carnegie Investment Counsel raised its stake in shares of AutoZone by 9.8% in the 4th quarter. Carnegie Investment Counsel now owns 1,230 shares of the company’s stock valued at $3,938,000 after purchasing an additional 110 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in AutoZone by 7.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 671 shares of the company’s stock valued at $2,149,000 after buying an additional 45 shares during the last quarter. Lakewood Asset Management LLC raised its stake in AutoZone by 0.5% during the fourth quarter. Lakewood Asset Management LLC now owns 1,040 shares of the company’s stock valued at $3,330,000 after buying an additional 5 shares in the last quarter. Carolina Wealth Advisors LLC lifted its holdings in AutoZone by 246.7% during the 4th quarter. Carolina Wealth Advisors LLC now owns 52 shares of the company’s stock worth $167,000 after buying an additional 37 shares during the last quarter. Finally, HCR Wealth Advisors grew its position in shares of AutoZone by 2.7% in the 4th quarter. HCR Wealth Advisors now owns 1,649 shares of the company’s stock worth $5,280,000 after acquiring an additional 43 shares in the last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AZO. Guggenheim upped their price target on AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Barclays increased their target price on shares of AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Wells Fargo & Company lifted their price target 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. Roth Mkm reiterated a “buy” rating and set a $3,634.00 price objective on shares of AutoZone in a research note on Wednesday, October 16th. Finally, UBS Group raised their target price on shares of AutoZone from $3,340.00 to $3,500.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $3,429.84.

AutoZone Stock Performance

Shares of AZO opened at $3,193.97 on Friday. AutoZone, Inc. has a one year low of $2,655.75 and a one year high of $3,416.71. The stock’s fifty day moving average is $3,219.83 and its 200-day moving average is $3,129.60. The firm has a market capitalization of $53.59 billion, a price-to-earnings ratio of 21.34, a price-to-earnings-growth ratio of 1.80 and a beta of 0.71.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, December 10th. The company reported $32.52 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 company had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period in the previous year, the business posted $32.55 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. Analysts forecast that AutoZone, Inc. will post 153.09 EPS for the current fiscal year.

AutoZone Company 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.