Union Bancaire Privee UBP SA Purchases Shares of 3,305 AutoZone, Inc. (NYSE:AZO)

Union Bancaire Privee UBP SA purchased a new position in AutoZone, Inc. (NYSE:AZO) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,305 shares of the company’s stock, valued at approximately $10,030,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Capital Performance Advisors LLP purchased a new position in AutoZone during the third quarter valued at $36,000. Carolina Wealth Advisors LLC bought a new position in shares of AutoZone during the 3rd quarter valued at approximately $47,000. Darwin Wealth Management LLC bought a new stake in shares of AutoZone in the 3rd quarter worth about $47,000. McIlrath & Eck LLC grew its stake in shares of AutoZone by 25.0% during the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after buying an additional 4 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in shares of AutoZone during the third quarter worth $66,000. 92.74% of the stock is currently owned by institutional investors.

AutoZone Price Performance

NYSE AZO opened at $3,328.28 on Monday. The company’s fifty day moving average price is $3,238.73 and its two-hundred day moving average price is $3,151.29. AutoZone, Inc. has a 12 month low of $2,672.31 and a 12 month high of $3,416.71. The company has a market capitalization of $55.85 billion, a price-to-earnings ratio of 22.24, a price-to-earnings-growth ratio of 1.84 and a beta of 0.71.

AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 EPS for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). The business had revenue of $4.28 billion during 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 business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $32.55 EPS. As a group, analysts anticipate that AutoZone, Inc. will post 152.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AZO shares. Guggenheim raised their price objective on AutoZone from $3,350.00 to $3,750.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Evercore ISI boosted their target price on shares of AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Roth Capital upgraded shares of AutoZone to a “strong-buy” rating in a report on Tuesday, October 15th. Barclays boosted their price objective on shares of AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Finally, TD Cowen increased their price objective on AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.