AutoZone, Inc. (NYSE:AZO) Shares Acquired by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC lifted its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 26.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151 shares of the company’s stock after acquiring an additional 32 shares during the quarter. Crestwood Advisors Group LLC’s holdings in AutoZone were worth $484,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. IFP Advisors Inc lifted its holdings in shares of AutoZone by 44.4% during the 4th quarter. IFP Advisors Inc now owns 257 shares of the company’s stock valued at $831,000 after acquiring an additional 79 shares in the last quarter. Asset Advisors Investment Management LLC lifted its holdings in AutoZone by 10.3% in the 4th quarter. Asset Advisors Investment Management LLC now owns 1,851 shares of the company’s stock worth $5,927,000 after buying an additional 173 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in AutoZone by 13.9% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 5,723 shares of the company’s stock worth $18,325,000 after buying an additional 700 shares in the last quarter. Ascent Wealth Partners LLC acquired a new position in AutoZone in the 4th quarter worth $1,194,000. Finally, Townsend & Associates Inc lifted its holdings in AutoZone by 2.6% in the 4th quarter. Townsend & Associates Inc now owns 4,608 shares of the company’s stock worth $15,196,000 after buying an additional 118 shares in the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on AZO shares. Mizuho boosted their price objective on shares of AutoZone from $3,350.00 to $3,600.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Citigroup boosted their price objective on shares of AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Barclays boosted their price objective on shares of AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Evercore ISI boosted their price objective on shares of AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, Argus boosted their price objective 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $3,429.84.

AutoZone Trading Up 0.6 %

Shares of NYSE:AZO opened at $3,421.48 on Wednesday. The company has a 50 day moving average of $3,324.46 and a 200-day moving average of $3,211.56. The firm has a market cap of $57.41 billion, a P/E ratio of 22.86, a P/E/G ratio of 1.86 and a beta of 0.70. AutoZone, Inc. has a twelve month low of $2,708.09 and a twelve month high of $3,484.42.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share for the quarter, missing analysts’ consensus estimates 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 negative return on equity of 53.89% and a net margin of 14.18%. The company’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $32.55 earnings per share. Equities research analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current 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.