AutoZone, Inc. (NYSE:AZO) Shares Purchased by DAVENPORT & Co LLC

DAVENPORT & Co LLC increased its stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 48.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 329 shares of the company's stock after purchasing an additional 107 shares during the quarter. DAVENPORT & Co LLC's holdings in AutoZone were worth $1,053,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in AZO. Czech National Bank lifted its stake in shares of AutoZone by 5.5% during the 3rd quarter. Czech National Bank now owns 3,479 shares of the company's stock worth $10,959,000 after purchasing an additional 182 shares during the period. Park Avenue Securities LLC lifted its position in AutoZone by 3.7% during the third quarter. Park Avenue Securities LLC now owns 167 shares of the company's stock worth $526,000 after buying an additional 6 shares during the period. GAMMA Investing LLC boosted its stake in AutoZone by 23.8% in the 3rd quarter. GAMMA Investing LLC now owns 151 shares of the company's stock worth $476,000 after buying an additional 29 shares during the last quarter. Dynamic Advisor Solutions LLC grew its holdings in AutoZone by 12.6% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 679 shares of the company's stock valued at $2,139,000 after buying an additional 76 shares during the period. Finally, Atomi Financial Group Inc. increased its stake in shares of AutoZone by 81.5% during the 3rd quarter. Atomi Financial Group Inc. now owns 167 shares of the company's stock valued at $526,000 after acquiring an additional 75 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company's stock.

AutoZone Trading Up 0.2 %

NYSE:AZO traded up $7.90 on Monday, reaching $3,428.09. The stock had a trading volume of 70,166 shares, compared to its average volume of 108,491. The company has a 50-day moving average of $3,292.17 and a 200 day moving average of $3,185.47. The stock has a market cap of $57.52 billion, a P/E ratio of 22.90, a price-to-earnings-growth ratio of 1.92 and a beta of 0.70. AutoZone, Inc. has a 12-month low of $2,672.31 and a 12-month high of $3,484.42.

AutoZone (NYSE:AZO - Get Free Report) last issued its quarterly 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 business had revenue of $4.28 billion during the quarter, compared to analysts' expectations of $4.30 billion. During the same period in the prior year, the company posted $32.55 EPS. The company's revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities analysts predict that AutoZone, Inc. will post 152.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of AutoZone from $3,450.00 to $3,750.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. Roth Capital upgraded shares of AutoZone to a "strong-buy" rating in a report on Tuesday, October 15th. Barclays upped their price objective on AutoZone from $3,024.00 to $3,585.00 and gave the stock an "overweight" rating in a report on Thursday, January 9th. The Goldman Sachs Group cut AutoZone from a "buy" rating to a "sell" rating and reduced their target price for the company from $3,205.00 to $2,917.00 in a report on Monday, October 14th. Finally, Roth Mkm restated a "buy" rating and set a $3,634.00 price target on shares of AutoZone in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, AutoZone currently has an average rating of "Moderate Buy" and an average price target of $3,429.84.

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.