D.A. Davidson & CO. Acquires 189 Shares of AutoZone, Inc. (NYSE:AZO)

D.A. Davidson & CO. raised its stake in AutoZone, Inc. (NYSE:AZO - Free Report) by 20.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,107 shares of the company's stock after buying an additional 189 shares during the quarter. D.A. Davidson & CO.'s holdings in AutoZone were worth $3,545,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. International Assets Investment Management LLC grew its position in AutoZone by 354,692.5% in the third quarter. International Assets Investment Management LLC now owns 993,419 shares of the company's stock worth $31,293,100,000 after acquiring an additional 993,139 shares in the last quarter. Geode Capital Management LLC grew its position in AutoZone by 1.8% in the third quarter. Geode Capital Management LLC now owns 421,716 shares of the company's stock worth $1,326,545,000 after acquiring an additional 7,365 shares in the last quarter. PineStone Asset Management Inc. boosted its holdings in shares of AutoZone by 6.9% during the 4th quarter. PineStone Asset Management Inc. now owns 213,575 shares of the company's stock worth $683,867,000 after buying an additional 13,771 shares during the period. Marshfield Associates boosted its holdings in shares of AutoZone by 0.5% during the 3rd quarter. Marshfield Associates now owns 169,586 shares of the company's stock worth $534,204,000 after buying an additional 796 shares during the period. Finally, Baillie Gifford & Co. boosted its holdings in shares of AutoZone by 35.6% during the 4th quarter. Baillie Gifford & Co. now owns 163,089 shares of the company's stock worth $522,211,000 after buying an additional 42,776 shares during the period. 92.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Mizuho upped 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. TD Cowen increased their price target on shares of AutoZone from $3,450.00 to $3,800.00 and gave the company a "buy" rating in a report on Monday, December 16th. Argus increased their price target on shares of AutoZone from $3,560.00 to $3,678.00 and gave the company a "buy" rating in a report on Thursday, January 2nd. Barclays increased their price target on shares of AutoZone from $3,024.00 to $3,585.00 and gave the company an "overweight" rating in a report on Thursday, January 9th. Finally, Evercore ISI increased their price target on shares of AutoZone from $3,400.00 to $3,450.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $3,429.84.

AutoZone Price Performance

AZO traded down $40.52 on Friday, hitting $3,366.15. 87,526 shares of the stock were exchanged, compared to its average volume of 102,024. The firm has a market capitalization of $56.49 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 1.88 and a beta of 0.70. AutoZone, Inc. has a 12 month low of $2,708.09 and a 12 month high of $3,484.42. The business has a 50-day moving average of $3,321.68 and a two-hundred day moving average of $3,204.55.

AutoZone (NYSE:AZO - Get Free Report) last issued its earnings results on Tuesday, December 10th. The company reported $32.52 EPS for the quarter, missing the consensus estimate of $33.69 by ($1.17). The business had revenue of $4.28 billion for 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 firm's revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $32.55 EPS. Equities research analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

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.