Weaver Capital Management LLC Buys 43 Shares of AutoZone, Inc. (NYSE:AZO)

Weaver Capital Management LLC boosted its stake in shares of AutoZone, Inc. (NYSE:AZO) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,142 shares of the company’s stock after purchasing an additional 43 shares during the quarter. AutoZone comprises 1.0% of Weaver Capital Management LLC’s holdings, making the stock its 24th largest holding. Weaver Capital Management LLC’s holdings in AutoZone were worth $3,658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in AZO. International Assets Investment Management LLC boosted its position in AutoZone by 354,692.5% during the third quarter. International Assets Investment Management LLC now owns 993,419 shares of the company’s stock valued at $31,293,100,000 after purchasing an additional 993,139 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in AutoZone by 186.8% during the third quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company’s stock valued at $292,544,000 after purchasing an additional 60,483 shares in the last quarter. Canoe Financial LP boosted its position in AutoZone by 542.8% during the fourth quarter. Canoe Financial LP now owns 62,471 shares of the company’s stock valued at $200,032,000 after purchasing an additional 52,753 shares in the last quarter. Worldquant Millennium Advisors LLC bought a new stake in AutoZone during the third quarter valued at about $85,127,000. Finally, Erste Asset Management GmbH acquired a new stake in AutoZone in the third quarter worth about $63,379,000. Institutional investors own 92.74% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AZO. Evercore ISI raised their price target on AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. BMO Capital Markets began coverage on AutoZone in a report on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 price target for the company. Guggenheim raised their price target on AutoZone from $3,350.00 to $3,750.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Mizuho lifted their target price on AutoZone from $3,350.00 to $3,600.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, Citigroup lifted their target price 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 given a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $3,429.84.

AutoZone Price Performance

AutoZone stock opened at $3,463.48 on Wednesday. The stock has a market capitalization of $58.12 billion, a PE ratio of 23.14, a price-to-earnings-growth ratio of 1.85 and a beta of 0.70. AutoZone, Inc. has a 12 month low of $2,672.31 and a 12 month high of $3,475.10. The business has a 50 day simple moving average of $3,269.67 and a 200-day simple moving average of $3,171.01.

AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 earnings per share for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). The company had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.30 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm posted $32.55 EPS. On average, equities research analysts anticipate that AutoZone, Inc. will post 152.94 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.