AutoZone, Inc. (NYSE:AZO) Shares Acquired by Greenleaf Trust

Greenleaf Trust lifted its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 810 shares of the company’s stock after buying an additional 9 shares during the period. Greenleaf Trust’s holdings in AutoZone were worth $2,594,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Spire Wealth Management lifted its position in AutoZone by 16.3% in the fourth quarter. Spire Wealth Management now owns 100 shares of the company’s stock worth $320,000 after purchasing an additional 14 shares during the period. SYM FINANCIAL Corp acquired a new stake in AutoZone in the fourth quarter worth approximately $215,000. DAVENPORT & Co LLC lifted its position in AutoZone by 48.2% in the fourth quarter. DAVENPORT & Co LLC now owns 329 shares of the company’s stock worth $1,053,000 after purchasing an additional 107 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. lifted its position in AutoZone by 1.0% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 12,929 shares of the company’s stock worth $41,399,000 after purchasing an additional 122 shares during the period. Finally, KG&L Capital Management LLC lifted its position in AutoZone by 4.7% in the fourth quarter. KG&L Capital Management LLC now owns 244 shares of the company’s stock worth $781,000 after purchasing an additional 11 shares during the period. 92.74% of the stock is currently owned by institutional investors and hedge funds.

AutoZone Trading Up 0.1 %

NYSE AZO opened at $3,354.35 on Monday. AutoZone, Inc. has a 1-year low of $2,672.31 and a 1-year high of $3,437.63. The company has a market capitalization of $56.29 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 1.83 and a beta of 0.71. The firm’s fifty day simple moving average is $3,263.25 and its 200-day simple moving average is $3,166.16.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, December 10th. The company reported $32.52 EPS for the quarter, missing the consensus estimate of $33.69 by ($1.17). The business 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 company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $32.55 earnings per share. As a group, analysts predict that AutoZone, Inc. will post 152.94 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AZO. Wells Fargo & Company upped their target price on AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Evercore ISI increased their price objective on AutoZone from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. TD Cowen increased their price objective on AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Barclays increased their price objective on AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Finally, Argus increased their price objective on AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, three have issued 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, the company currently has an average 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.