Oppenheimer & Co. Inc. boosted its stake in shares of AutoZone Inc. (NYSE:AZO) by 2.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,847 shares of the company’s stock after buying an additional 98 shares during the period. Oppenheimer & Co. Inc.’s holdings in AutoZone were worth $3,724,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of AZO. Cypress Asset Management Inc. TX boosted its stake in AutoZone by 104.5% in the second quarter. Cypress Asset Management Inc. TX now owns 1,820 shares of the company’s stock valued at $1,445,000 after buying an additional 930 shares during the period. Nordea Investment Management AB boosted its stake in AutoZone by 166.3% in the second quarter. Nordea Investment Management AB now owns 757,122 shares of the company’s stock valued at $601,034,000 after buying an additional 472,766 shares during the period. Pennsylvania Trust Co bought a new stake in AutoZone during the second quarter valued at about $200,000. Leavell Investment Management Inc. bought a new stake in AutoZone during the second quarter valued at about $298,000. Finally, Nisa Investment Advisors LLC boosted its stake in AutoZone by 5.3% in the second quarter. Nisa Investment Advisors LLC now owns 7,927 shares of the company’s stock valued at $6,292,000 after buying an additional 400 shares during the period. Institutional investors own 94.06% of the company’s stock.

Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

AutoZone Inc. (NYSE:AZO) traded down 0.89% during mid-day trading on Wednesday, reaching $783.18. 340,537 shares of the company traded hands. The stock’s 50 day moving average price is $754.77 and its 200 day moving average price is $767.74. The firm has a market capitalization of $22.60 billion, a price-to-earnings ratio of 19.24 and a beta of 0.61. AutoZone Inc. has a 52 week low of $681.01 and a 52 week high of $819.54.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Thursday, September 22nd. The company reported $14.30 earnings per share for the quarter, topping the consensus estimate of $14.25 by $0.05. The business earned $3.40 billion during the quarter. AutoZone had a net margin of 11.67% and a negative return on equity of 69.23%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $12.75 EPS. Equities analysts forecast that AutoZone Inc. will post $45.44 EPS for the current year.

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Several equities research analysts have recently weighed in on the stock. Credit Suisse Group AG set a $870.00 price target on shares of AutoZone and gave the stock a “buy” rating in a research report on Saturday, September 17th. Wedbush reaffirmed an “outperform” rating and issued a $870.00 price target on shares of AutoZone in a research report on Friday, September 23rd. TheStreet cut shares of AutoZone from a “buy” rating to a “sell” rating in a research report on Wednesday, September 28th. Zacks Investment Research raised shares of AutoZone from a “hold” rating to a “buy” rating and set a $889.00 price target for the company in a research report on Wednesday, November 23rd. Finally, Royal Bank Of Canada lowered their price target on shares of AutoZone from $873.00 to $855.00 and set a “sector perform” rating for the company in a research report on Friday, September 23rd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. AutoZone currently has an average rating of “Hold” and a consensus price target of $855.63.

AutoZone Company Profile

AutoZone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company’s operating segments include Auto Parts Locations and Other. The Auto Parts Locations segment comprises Domestic Auto Parts, Mexico, Brazil and Interamerican Motor Corporation (IMC).

5 Day Chart for NYSE:AZO

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