Vision Financial Markets LLC Purchases New Shares in AutoZone, Inc. (NYSE:AZO)

Vision Financial Markets LLC purchased 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 SEC. The firm purchased 1,933 shares of the company’s stock, valued at approximately $6,189,000. AutoZone accounts for approximately 6.6% of Vision Financial Markets LLC’s portfolio, making the stock its 4th biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in AZO. Capital Performance Advisors LLP acquired a new stake in AutoZone in the 3rd quarter valued at $36,000. Darwin Wealth Management LLC purchased a new position in AutoZone in the 3rd quarter valued at $47,000. Crews Bank & Trust purchased a new position in AutoZone in the 4th quarter valued at $61,000. McIlrath & Eck LLC lifted its holdings in 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 purchasing an additional 4 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in AutoZone in the 3rd quarter valued at $66,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AZO shares. Guggenheim raised their price objective on AutoZone from $3,750.00 to $3,850.00 and gave the company a “buy” rating in a report on Wednesday. UBS Group raised their price objective on AutoZone from $3,875.00 to $4,025.00 and gave the company a “buy” rating in a report on Wednesday. Bank of America raised their price objective on AutoZone from $3,600.00 to $3,700.00 and gave the company a “neutral” rating in a report on Wednesday. Morgan Stanley raised their price objective on AutoZone from $3,490.00 to $3,750.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Wells Fargo & Company lifted their price target on AutoZone from $3,750.00 to $3,850.00 and gave the stock an “overweight” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $3,646.62.

AutoZone Trading Up 2.8 %

Shares of NYSE:AZO opened at $3,569.49 on Thursday. The business has a 50-day moving average price of $3,351.07 and a 200 day moving average price of $3,223.79. The company has a market capitalization of $59.90 billion, a price-to-earnings ratio of 23.85, a PEG ratio of 1.86 and a beta of 0.71. AutoZone, Inc. has a 12-month low of $2,728.97 and a 12-month high of $3,570.50.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, March 4th. The company reported $28.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $29.11 by ($0.82). The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.98 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. As a group, equities research analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

About AutoZone

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.