77 Shares in AutoZone, Inc. (NYSE:AZO) Acquired by Private Capital Advisors Inc.

Private Capital Advisors Inc. bought a new stake in AutoZone, Inc. (NYSE:AZO) 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 bought 77 shares of the company’s stock, valued at approximately $247,000.

Other large investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in shares of AutoZone during the 3rd quarter valued at about $36,000. Carolina Wealth Advisors LLC bought a new position in AutoZone during the third quarter valued at approximately $47,000. Darwin Wealth Management LLC purchased a new position in shares of AutoZone during the third quarter worth approximately $47,000. McIlrath & Eck LLC raised its position in AutoZone by 25.0% in the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after purchasing an additional 4 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new position in AutoZone in the 3rd quarter worth approximately $66,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Stock Performance

Shares of AutoZone stock opened at $3,371.06 on Friday. The company has a 50-day simple moving average of $3,229.64 and a two-hundred day simple moving average of $3,144.01. The stock has a market capitalization of $56.57 billion, a PE ratio of 22.52, a price-to-earnings-growth ratio of 1.82 and a beta of 0.71. AutoZone, Inc. has a 52-week low of $2,672.31 and a 52-week high of $3,416.71.

AutoZone (NYSE:AZO) last announced 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 firm had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.30 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. AutoZone’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $32.55 earnings per share. As a group, equities research analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Wells Fargo & Company lifted their target price on shares of AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Barclays raised their target price on AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Roth Capital upgraded AutoZone to a “strong-buy” rating in a report on Tuesday, October 15th. Argus boosted their price objective 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. Finally, Guggenheim raised their target price on shares of AutoZone from $3,350.00 to $3,750.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.