Union Bancaire Privee UBP SA Purchases Shares of 3,305 AutoZone, Inc. (NYSE:AZO)

Union Bancaire Privee UBP SA acquired a new position in AutoZone, Inc. (NYSE:AZO) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 3,305 shares of the company’s stock, valued at approximately $10,030,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in AZO. Thrivent Financial for Lutherans increased its stake in AutoZone by 5.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,248 shares of the company’s stock worth $3,699,000 after purchasing an additional 61 shares in the last quarter. Public Sector Pension Investment Board increased its position in shares of AutoZone by 67.0% in the second quarter. Public Sector Pension Investment Board now owns 643 shares of the company’s stock worth $1,906,000 after acquiring an additional 258 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of AutoZone in the 2nd quarter valued at approximately $4,227,000. SkyView Investment Advisors LLC boosted its stake in AutoZone by 15.1% in the 2nd quarter. SkyView Investment Advisors LLC now owns 579 shares of the company’s stock worth $1,716,000 after purchasing an additional 76 shares during the period. Finally, Magnolia Capital Advisors LLC purchased a new position in AutoZone during the 2nd quarter worth approximately $273,000. 92.74% of the stock is currently owned by institutional investors.

AutoZone Price Performance

AZO stock opened at $3,328.28 on Monday. The company has a 50 day moving average price of $3,238.73 and a 200 day moving average price of $3,151.29. AutoZone, Inc. has a fifty-two week low of $2,672.31 and a fifty-two week high of $3,416.71. The stock has a market capitalization of $55.85 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 1.84 and a beta of 0.71.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AZO shares. TD Cowen raised their target price on AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Argus lifted their target price on AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Roth Capital upgraded shares of AutoZone to a “strong-buy” rating in a report on Tuesday, October 15th. Evercore ISI increased their target price on shares of AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company boosted their price target on shares of AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, AutoZone 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.