J2 Capital Management Inc Buys Shares of 160 AutoZone, Inc. (NYSE:AZO)

J2 Capital Management Inc acquired a new position in shares of AutoZone, Inc. (NYSE:AZO) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 160 shares of the company’s stock, valued at approximately $512,000.

Several other large investors have also bought and sold shares of the business. Capital Performance Advisors LLP acquired a new stake in shares of AutoZone in the 3rd quarter valued at approximately $36,000. Carolina Wealth Advisors LLC acquired a new stake in AutoZone in the third quarter valued at approximately $47,000. Darwin Wealth Management LLC acquired a new stake in AutoZone in the third quarter valued at approximately $47,000. McIlrath & Eck LLC increased its holdings in shares of AutoZone by 25.0% during the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after buying an additional 4 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in shares of AutoZone in the 3rd quarter valued at $66,000. 92.74% of the stock is owned by institutional investors and hedge funds.

AutoZone Stock Performance

Shares of NYSE:AZO opened at $3,221.06 on Friday. The firm has a market cap of $54.05 billion, a P/E ratio of 21.52, a PEG ratio of 1.80 and a beta of 0.71. AutoZone, Inc. has a 52-week low of $2,658.18 and a 52-week high of $3,416.71. The business’s 50 day simple moving average is $3,222.90 and its two-hundred day simple moving average is $3,132.76.

AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 EPS for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). The business had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $32.55 EPS. On average, equities analysts forecast that AutoZone, Inc. will post 153.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on AZO shares. StockNews.com cut AutoZone from a “buy” rating to a “hold” rating in a report on Saturday, September 21st. BMO Capital Markets started coverage on shares of AutoZone in a report on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 price objective for the company. The Goldman Sachs Group downgraded shares of AutoZone from a “buy” rating to a “sell” rating and cut their target price for the stock from $3,205.00 to $2,917.00 in a research report on Monday, October 14th. Citigroup raised their price target on shares of AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, UBS Group boosted their price objective on shares of AutoZone from $3,340.00 to $3,500.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $3,429.84.

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.