AutoZone, Inc. (NYSE:AZO) Holdings Raised by Carnegie Investment Counsel

Carnegie Investment Counsel increased its stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 9.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,230 shares of the company's stock after purchasing an additional 110 shares during the quarter. Carnegie Investment Counsel's holdings in AutoZone were worth $3,938,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in AutoZone in the 3rd quarter valued at about $36,000. Carolina Wealth Advisors LLC purchased a new stake in AutoZone in the 3rd quarter valued at about $47,000. Darwin Wealth Management LLC purchased a new stake in AutoZone in the 3rd quarter valued at about $47,000. McIlrath & Eck LLC grew 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 buying an additional 4 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new stake in AutoZone in the 3rd quarter valued at about $66,000. Hedge funds and other institutional investors own 92.74% of the company's stock.

AutoZone Stock Performance

Shares of NYSE:AZO traded up $27.10 on Friday, hitting $3,221.06. The company's stock had a trading volume of 144,277 shares, compared to its average volume of 105,718. AutoZone, Inc. has a 12 month low of $2,658.18 and a 12 month high of $3,416.71. The company has a market capitalization of $54.05 billion, a price-to-earnings ratio of 21.52, a price-to-earnings-growth ratio of 1.80 and a beta of 0.71. The stock's 50-day moving average is $3,222.90 and its two-hundred day moving average is $3,132.76.

AutoZone (NYSE:AZO - Get Free Report) last released its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $33.69 by ($1.17). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the previous year, the company posted $32.55 EPS. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts expect that AutoZone, Inc. will post 153.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AZO has been the subject of several recent analyst reports. Roth Capital upgraded AutoZone to a "strong-buy" rating in a report on Tuesday, October 15th. TD Cowen lifted their price objective on AutoZone from $3,450.00 to $3,800.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Wells Fargo & Company lifted their price objective on AutoZone from $3,450.00 to $3,750.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. Mizuho lifted their price objective on AutoZone from $3,350.00 to $3,600.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Finally, BNP Paribas raised AutoZone to a "strong-buy" rating in a research note on Wednesday, September 25th. One analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $3,429.84.

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.