J2 Capital Management Inc Invests $512,000 in AutoZone, Inc. (NYSE:AZO)

J2 Capital Management Inc purchased a new position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 160 shares of the company's stock, valued at approximately $512,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Aaron Wealth Advisors LLC increased its position in AutoZone by 10.7% during the 4th quarter. Aaron Wealth Advisors LLC now owns 135 shares of the company's stock worth $432,000 after purchasing an additional 13 shares in the last quarter. HB Wealth Management LLC raised its holdings in AutoZone by 2.2% during the 4th quarter. HB Wealth Management LLC now owns 1,276 shares of the company's stock worth $4,086,000 after purchasing an additional 28 shares during the last quarter. Sanibel Captiva Trust Company Inc. grew its holdings in AutoZone by 0.9% during the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 3,613 shares of the company's stock worth $11,569,000 after acquiring an additional 31 shares during the period. Canoe Financial LP increased its holdings in AutoZone by 542.8% in the fourth quarter. Canoe Financial LP now owns 62,471 shares of the company's stock worth $200,032,000 after purchasing an additional 52,753 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC boosted its stake in AutoZone by 1.0% during the fourth quarter. Trivant Custom Portfolio Group LLC now owns 485 shares of the company's stock worth $1,553,000 after acquiring an additional 5 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors.

AutoZone Price Performance

Shares of NYSE:AZO traded up $27.10 during midday trading on Friday, reaching $3,221.06. 144,277 shares of the company's stock were exchanged, compared to its average volume of 105,718. The stock has a market cap of $54.05 billion, a price-to-earnings ratio of 21.52, a P/E/G ratio of 1.80 and a beta of 0.71. The firm's 50 day simple moving average is $3,222.90 and its two-hundred day simple moving average is $3,134.62. AutoZone, Inc. has a fifty-two week low of $2,658.18 and a fifty-two week high of $3,416.71.

AutoZone (NYSE:AZO - Get Free Report) last announced its quarterly earnings data 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 net margin of 14.18% and a negative return on equity of 53.89%. The company had revenue of $4.28 billion during the quarter, compared to analysts' expectations of $4.30 billion. During the same quarter in the previous year, the business posted $32.55 EPS. The business's quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts predict that AutoZone, Inc. will post 153.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AZO has been the topic of a number of analyst reports. Truist Financial lifted their price objective on shares of AutoZone from $3,501.00 to $3,753.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Roth Capital raised shares of AutoZone to a "strong-buy" rating in a report on Tuesday, October 15th. DA Davidson restated a "neutral" rating and set a $3,025.00 price objective on shares of AutoZone in a research report on Monday, September 30th. Guggenheim increased their price target on shares of AutoZone from $3,350.00 to $3,750.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Finally, Roth Mkm reiterated a "buy" rating and issued a $3,634.00 price objective on shares of AutoZone in a report on Wednesday, October 16th. 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price 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.