Avanza Fonder AB Invests $5.30 Million in AutoZone, Inc. (NYSE:AZO)

Avanza Fonder AB acquired a new position in AutoZone, Inc. (NYSE:AZO) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,655 shares of the company’s stock, valued at approximately $5,299,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in shares of AutoZone in the third quarter valued at approximately $36,000. Carolina Wealth Advisors LLC acquired a new stake in shares of AutoZone in the third quarter valued at $47,000. Darwin Wealth Management LLC bought a new position in AutoZone during the third quarter valued at about $47,000. McIlrath & Eck LLC grew its holdings in AutoZone by 25.0% during the third 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 in the 3rd quarter valued at about $66,000. Institutional investors own 92.74% of the company’s stock.

AutoZone Trading Up 0.2 %

Shares of NYSE:AZO opened at $3,211.50 on Friday. AutoZone, Inc. has a 1-year low of $2,655.75 and a 1-year high of $3,416.71. The firm has a market capitalization of $53.89 billion, a PE ratio of 21.44, a PEG ratio of 1.80 and a beta of 0.71. The business’s 50 day moving average is $3,219.83 and its 200-day moving average is $3,129.60.

AutoZone (NYSE:AZO) last posted 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). The company had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. AutoZone’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business earned $32.55 EPS. On average, sell-side analysts predict that AutoZone, Inc. will post 153.09 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Morgan Stanley lifted their target price on AutoZone from $3,038.00 to $3,125.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. DA Davidson reissued a “neutral” rating and issued a $3,025.00 target price on shares of AutoZone in a research report on Monday, September 30th. Argus upped their price target on shares of AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Barclays lifted their price objective on shares of AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Finally, The Goldman Sachs Group cut AutoZone from a “buy” rating to a “sell” rating and decreased their target price for the stock from $3,205.00 to $2,917.00 in a research report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $3,429.84.

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.