AutoZone, Inc. (NYSE:AZO) Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. raised its holdings in AutoZone, Inc. (NYSE:AZO) by 20.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,107 shares of the company’s stock after buying an additional 189 shares during the period. D.A. Davidson & CO.’s holdings in AutoZone were worth $3,545,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in shares of AutoZone in the 3rd quarter valued at approximately $36,000. Darwin Wealth Management LLC bought a new stake in shares of AutoZone in the 3rd quarter valued at approximately $47,000. Crews Bank & Trust bought a new stake in shares of AutoZone in the 4th quarter valued at approximately $61,000. McIlrath & Eck LLC increased its holdings in shares of AutoZone by 25.0% in the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after acquiring an additional 4 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in shares of AutoZone in the 3rd quarter valued at approximately $66,000. 92.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Evercore ISI boosted their price target on AutoZone from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Wells Fargo & Company boosted their price target on AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Mizuho boosted their price target on AutoZone from $3,350.00 to $3,600.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Truist Financial boosted their price target on AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $3,429.84.

AutoZone Stock Up 0.4 %

Shares of AZO stock opened at $3,408.52 on Friday. The stock has a 50-day simple moving average of $3,321.68 and a 200 day simple moving average of $3,204.55. AutoZone, Inc. has a fifty-two week low of $2,680.96 and a fifty-two week high of $3,484.42. The stock has a market capitalization of $57.19 billion, a P/E ratio of 22.77, a P/E/G ratio of 1.87 and a beta of 0.70.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share 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 firm had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the prior year, the business earned $32.55 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, sell-side analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current year.

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.