Capital Planning Advisors LLC Boosts Stock Position in AutoZone, Inc. (NYSE:AZO)

Capital Planning Advisors LLC raised its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 11.6% in the fourth quarter, HoldingsChannel reports. The firm owned 975 shares of the company’s stock after buying an additional 101 shares during the quarter. Capital Planning Advisors LLC’s holdings in AutoZone were worth $3,122,000 at the end of the most recent quarter.

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

AutoZone Price Performance

NYSE:AZO opened at $3,326.80 on Thursday. The company has a market cap of $55.82 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 1.82 and a beta of 0.71. AutoZone, Inc. has a 1 year low of $2,672.31 and a 1 year high of $3,416.71. The stock’s 50 day simple moving average is $3,229.64 and its two-hundred day simple moving average is $3,144.01.

AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The business had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the previous year, the company earned $32.55 EPS. AutoZone’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, analysts anticipate that AutoZone, Inc. will post 152.94 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AZO shares. Argus raised their target price on shares of AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Barclays lifted their price objective on AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. TD Cowen increased their target price on AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Evercore ISI lifted their price target on AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Mizuho raised their price objective on shares of AutoZone from $3,350.00 to $3,600.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.