Capital Planning Advisors LLC Buys 101 Shares of AutoZone, Inc. (NYSE:AZO)

Capital Planning Advisors LLC grew its stake in shares of AutoZone, Inc. (NYSE:AZO) by 11.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 975 shares of the company’s stock after purchasing an additional 101 shares during the quarter. Capital Planning Advisors LLC’s holdings in AutoZone were worth $3,122,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AZO. Capital Performance Advisors LLP acquired a new position in AutoZone during the third quarter worth $36,000. Carolina Wealth Advisors LLC acquired a new position in shares of AutoZone during the 3rd quarter worth about $47,000. Darwin Wealth Management LLC bought a new stake in shares of AutoZone in the 3rd quarter valued at about $47,000. McIlrath & Eck LLC lifted its stake in AutoZone by 25.0% in the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after purchasing an additional 4 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in AutoZone during the third quarter worth about $66,000. Institutional investors own 92.74% of the company’s stock.

AutoZone Stock Performance

NYSE:AZO opened at $3,326.80 on Thursday. AutoZone, Inc. has a 52-week low of $2,672.31 and a 52-week high of $3,416.71. The stock has a fifty day moving average of $3,229.64 and a 200 day moving average of $3,144.01. The firm has a market capitalization of $55.82 billion, a price-to-earnings ratio of 22.23, a P/E/G ratio of 1.82 and a beta of 0.71.

AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 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 firm had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter last year, the company posted $32.55 earnings per share. AutoZone’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AZO has been the subject of several research analyst reports. Redburn Atlantic upgraded AutoZone to a “strong-buy” rating in a research note on Tuesday, October 1st. Roth Mkm reaffirmed a “buy” rating and set a $3,634.00 target price on shares of AutoZone in a report on Wednesday, October 16th. Roth Capital upgraded shares of AutoZone to a “strong-buy” rating in a research report on Tuesday, October 15th. Guggenheim boosted 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. Finally, DA Davidson reiterated a “neutral” rating and set a $3,025.00 target price on shares of AutoZone in a research note on Monday, September 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, AutoZone 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.