AutoZone, Inc. (NYSE:AZO) Shares Bought by Czech National Bank

Czech National Bank grew its stake in AutoZone, Inc. (NYSE:AZO - Free Report) by 5.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,666 shares of the company's stock after acquiring an additional 187 shares during the period. Czech National Bank's holdings in AutoZone were worth $11,739,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in AZO. Brighton Jones LLC lifted its stake in AutoZone by 4.1% during the second quarter. Brighton Jones LLC now owns 101 shares of the company's stock worth $299,000 after purchasing an additional 4 shares in the last quarter. Fidelis Capital Partners LLC lifted its stake in AutoZone by 2.6% during the 2nd quarter. Fidelis Capital Partners LLC now owns 159 shares of the company's stock worth $490,000 after acquiring an additional 4 shares in the last quarter. Petredis Investment Advisors LLC boosted its holdings in AutoZone by 0.6% during the 3rd quarter. Petredis Investment Advisors LLC now owns 710 shares of the company's stock valued at $2,237,000 after acquiring an additional 4 shares during the period. IVC Wealth Advisors LLC grew its position in AutoZone by 4.4% in the 3rd quarter. IVC Wealth Advisors LLC now owns 95 shares of the company's stock valued at $299,000 after acquiring an additional 4 shares in the last quarter. Finally, Allworth Financial LP increased its stake in AutoZone by 5.0% during the third quarter. Allworth Financial LP now owns 84 shares of the company's stock worth $265,000 after purchasing an additional 4 shares during the period. Hedge funds and other institutional investors own 92.74% of the company's stock.

Analysts Set New Price Targets

AZO has been the subject of several recent research reports. Morgan Stanley raised their price objective on shares of AutoZone from $3,038.00 to $3,125.00 and gave the company an "overweight" rating in a research note on Wednesday, September 25th. Mizuho boosted their price target on shares of AutoZone from $3,350.00 to $3,600.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. UBS Group increased their price objective on AutoZone from $3,340.00 to $3,500.00 and gave the company a "buy" rating in a research note on Wednesday, September 25th. BMO Capital Markets started coverage on AutoZone in a research note on Friday, December 13th. They set an "outperform" rating and a $3,700.00 target price for the company. Finally, Wedbush reaffirmed an "outperform" rating and issued a $3,200.00 price target on shares of AutoZone in a research report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, AutoZone presently has an average rating of "Moderate Buy" and a consensus price target of $3,429.84.

AutoZone Stock Down 0.5 %

NYSE:AZO traded down $15.02 during mid-day trading on Tuesday, reaching $3,224.60. 83,039 shares of the stock were exchanged, compared to its average volume of 114,705. The stock has a market capitalization of $54.12 billion, a P/E ratio of 21.54, a P/E/G ratio of 1.73 and a beta of 0.71. AutoZone, Inc. has a 1 year low of $2,575.00 and a 1 year high of $3,416.71. The company has a 50 day simple moving average of $3,219.74 and a 200-day simple moving average of $3,129.05.

AutoZone (NYSE:AZO - Get Free Report) last announced its earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share (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 business 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 posted $32.55 earnings per share. The business's revenue was up 2.1% on a year-over-year basis. As a group, research analysts predict that AutoZone, Inc. will post 154.29 EPS for the current 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.