Fifth Third Wealth Advisors LLC Increases Position in AutoZone, Inc. (NYSE:AZO)

Fifth Third Wealth Advisors LLC lifted its position in shares of AutoZone, Inc. (NYSE:AZO) by 56.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 249 shares of the company’s stock after purchasing an additional 90 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in AutoZone were worth $797,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Parallel Advisors LLC raised its stake in AutoZone by 4.3% in the second quarter. Parallel Advisors LLC now owns 194 shares of the company’s stock valued at $576,000 after buying an additional 8 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in AutoZone by 18.9% during the second quarter. Dimensional Fund Advisors LP now owns 49,663 shares of the company’s stock worth $147,204,000 after purchasing an additional 7,908 shares in the last quarter. Moors & Cabot Inc. purchased a new stake in AutoZone in the second quarter valued at $282,000. Axxcess Wealth Management LLC lifted its holdings in shares of AutoZone by 12.4% in the 2nd quarter. Axxcess Wealth Management LLC now owns 263 shares of the company’s stock valued at $780,000 after purchasing an additional 29 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its holdings in AutoZone by 4.6% in the second quarter. Mutual of America Capital Management LLC now owns 3,025 shares of the company’s stock worth $8,966,000 after purchasing an additional 133 shares during the period. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Stock Down 0.6 %

AutoZone stock opened at $3,207.66 on Thursday. AutoZone, Inc. has a twelve month low of $2,575.00 and a twelve month high of $3,416.71. The firm has a 50 day moving average price of $3,219.74 and a 200-day moving average price of $3,129.05. The company has a market capitalization of $53.83 billion, a P/E ratio of 21.43, a P/E/G ratio of 1.73 and a beta of 0.71.

AutoZone (NYSE:AZO) last announced its 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 net margin of 14.18% and a negative return on equity of 53.89%. The company had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the previous year, the firm earned $32.55 earnings per share. 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 154.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AZO has been the subject of several analyst reports. UBS Group boosted their price target on shares of AutoZone from $3,340.00 to $3,500.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Guggenheim lifted their price target on AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Morgan Stanley increased their target price 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. Wedbush reaffirmed an “outperform” rating and set a $3,200.00 target price on shares of AutoZone in a report on Thursday, September 19th. Finally, TD Cowen lifted their target price 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. One 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.