420 Shares in AutoZone, Inc. (NYSE:AZO) Acquired by ABC Arbitrage SA

ABC Arbitrage SA acquired a new position in AutoZone, Inc. (NYSE:AZO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 420 shares of the company's stock, valued at approximately $1,345,000.

Other large investors have also added to or reduced their stakes in the company. Coho Partners Ltd. bought a new stake in AutoZone during the 4th quarter valued at $73,905,000. Avestar Capital LLC boosted its holdings in shares of AutoZone by 1.3% during the 4th quarter. Avestar Capital LLC now owns 452 shares of the company's stock valued at $1,447,000 after buying an additional 6 shares in the last quarter. Hemington Wealth Management boosted its holdings in shares of AutoZone by 25.0% during the 4th quarter. Hemington Wealth Management now owns 30 shares of the company's stock valued at $96,000 after buying an additional 6 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of AutoZone by 11.4% in the 4th quarter. Van ECK Associates Corp now owns 2,638 shares of the company's stock worth $8,447,000 after buying an additional 270 shares during the last quarter. Finally, Lester Murray Antman dba SimplyRich increased its stake in AutoZone by 6.3% during the 4th quarter. Lester Murray Antman dba SimplyRich now owns 135 shares of the company's stock valued at $432,000 after purchasing an additional 8 shares in the last quarter. Institutional investors own 92.74% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Evercore ISI increased their price objective on shares of AutoZone from $3,400.00 to $3,450.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. Citigroup boosted their price target on shares of AutoZone from $3,500.00 to $3,900.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Wells Fargo & Company boosted their price objective on shares of AutoZone from $3,450.00 to $3,750.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Barclays boosted their price objective on AutoZone from $3,024.00 to $3,585.00 and gave the company an "overweight" rating in a report on Thursday, January 9th. Finally, Guggenheim raised their price target on shares of AutoZone from $3,350.00 to $3,750.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $3,429.84.

AutoZone Stock Up 0.4 %

NYSE AZO traded up $13.73 on Wednesday, reaching $3,398.16. The stock had a trading volume of 61,730 shares, compared to its average volume of 102,732. The stock has a fifty day moving average price of $3,319.35 and a two-hundred day moving average price of $3,201.75. AutoZone, Inc. has a 12-month low of $2,680.96 and a 12-month high of $3,484.42. The firm has a market capitalization of $57.02 billion, a price-to-earnings ratio of 22.70, a P/E/G ratio of 1.91 and a beta of 0.70.

AutoZone (NYSE:AZO - Get Free Report) last announced its earnings results 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 net margin of 14.18% and a negative return on equity of 53.89%. The firm had revenue of $4.28 billion for the quarter, compared to analysts' expectations of $4.30 billion. During the same quarter last year, the business earned $32.55 earnings per share. The business's revenue was up 2.1% compared to the same quarter last year. Sell-side analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

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.