Avestar Capital LLC Acquires 6 Shares of AutoZone, Inc. (NYSE:AZO)

Avestar Capital LLC boosted its stake in shares of AutoZone, Inc. (NYSE:AZO) by 1.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 452 shares of the company’s stock after buying an additional 6 shares during the period. Avestar Capital LLC’s holdings in AutoZone were worth $1,447,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in shares of AutoZone during the third quarter worth $36,000. Carolina Wealth Advisors LLC bought a new position in AutoZone during the 3rd quarter worth about $47,000. Darwin Wealth Management LLC acquired a new stake in shares of AutoZone in the 3rd quarter valued at about $47,000. Crews Bank & Trust bought a new stake in shares of AutoZone in the fourth quarter valued at about $61,000. Finally, McIlrath & Eck LLC boosted its position 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 during the period. Institutional investors own 92.74% of the company’s stock.

AutoZone Trading Down 0.3 %

AZO opened at $3,435.93 on Thursday. The stock’s fifty day simple moving average is $3,307.21 and its 200 day simple moving average is $3,192.41. AutoZone, Inc. has a 1-year low of $2,680.96 and a 1-year high of $3,484.42. The stock has a market cap of $57.65 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 1.92 and a beta of 0.70.

AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 EPS for the quarter, missing the consensus estimate of $33.69 by ($1.17). The company had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. AutoZone’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $32.55 earnings per share. Equities analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. BMO Capital Markets assumed coverage on AutoZone in a research report on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 target price on the stock. TD Cowen lifted their price objective on shares of AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a report on Monday, December 16th. Argus increased their target price on shares of AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Guggenheim lifted their price target on shares of AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, Roth Mkm restated a “buy” rating and set a $3,634.00 price objective on shares of AutoZone in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.