Key Financial Inc Raises Stake in AutoZone, Inc. (NYSE:AZO)

Key Financial Inc boosted its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 75.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65 shares of the company’s stock after acquiring an additional 28 shares during the period. Key Financial Inc’s holdings in AutoZone were worth $193,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Summit Trail Advisors LLC lifted its stake in shares of AutoZone by 3.8% in the fourth quarter. Summit Trail Advisors LLC now owns 110 shares of the company’s stock worth $283,000 after buying an additional 4 shares in the last quarter. Guardian Capital LP lifted its stake in shares of AutoZone by 1.3% in the fourth quarter. Guardian Capital LP now owns 301 shares of the company’s stock worth $778,000 after buying an additional 4 shares in the last quarter. Quent Capital LLC lifted its stake in shares of AutoZone by 4.8% in the first quarter. Quent Capital LLC now owns 88 shares of the company’s stock worth $277,000 after buying an additional 4 shares in the last quarter. Mather Group LLC. lifted its stake in shares of AutoZone by 1.8% in the second quarter. Mather Group LLC. now owns 224 shares of the company’s stock worth $706,000 after buying an additional 4 shares in the last quarter. Finally, Conning Inc. lifted its stake in shares of AutoZone by 4.3% in the second quarter. Conning Inc. now owns 98 shares of the company’s stock worth $290,000 after buying an additional 4 shares in the last quarter. 92.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on AZO shares. Guggenheim increased their price objective on shares of AutoZone from $3,150.00 to $3,225.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. UBS Group reduced their price objective on shares of AutoZone from $3,465.00 to $3,340.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd. Wedbush reissued an “outperform” rating and issued a $3,200.00 price objective on shares of AutoZone in a research note on Wednesday, July 10th. Truist Financial reduced their price objective on shares of AutoZone from $3,523.00 to $3,394.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd. Finally, Citigroup cut their target price on shares of AutoZone from $3,420.00 to $3,250.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, AutoZone currently has a consensus rating of “Moderate Buy” and an average price target of $3,112.71.

AutoZone Stock Performance

NYSE:AZO opened at $3,181.48 on Friday. AutoZone, Inc. has a fifty-two week low of $2,375.35 and a fifty-two week high of $3,256.37. The stock has a market capitalization of $54.35 billion, a PE ratio of 22.00, a P/E/G ratio of 1.58 and a beta of 0.71. The company has a fifty day moving average of $3,035.72 and a two-hundred day moving average of $2,979.10.

AutoZone Company 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.