J2 Capital Management Inc Acquires Shares of 160 AutoZone, Inc. (NYSE:AZO)

J2 Capital Management Inc bought a new position in shares of AutoZone, Inc. (NYSE:AZO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 160 shares of the company’s stock, valued at approximately $512,000.

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

AutoZone Stock Performance

NYSE AZO opened at $3,221.06 on Friday. AutoZone, Inc. has a 52-week low of $2,658.18 and a 52-week high of $3,416.71. The stock has a market cap of $54.05 billion, a PE ratio of 21.52, a P/E/G ratio of 1.80 and a beta of 0.71. The firm has a 50-day moving average of $3,222.90 and a 200-day moving average of $3,132.76.

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 analysts’ consensus estimates of $33.69 by ($1.17). The business had revenue of $4.28 billion for 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $32.55 EPS. As a group, analysts predict that AutoZone, Inc. will post 153.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on AZO shares. TD Cowen lifted their price objective on AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Roth Mkm reaffirmed a “buy” rating and issued a $3,634.00 price target on shares of AutoZone in a research note on Wednesday, October 16th. Wells Fargo & Company lifted their price objective on shares of AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Redburn Atlantic raised shares of AutoZone to a “strong-buy” rating in a research note on Tuesday, October 1st. Finally, The Goldman Sachs Group cut shares of AutoZone from a “buy” rating to a “sell” rating and reduced their price target for the stock from $3,205.00 to $2,917.00 in a research report on Monday, October 14th. 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 stock. According to MarketBeat.com, AutoZone presently has an average rating of “Moderate Buy” and a consensus price target of $3,429.84.

AutoZone 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.