Compass Capital Corp MA ADV Makes New Investment in AutoZone, Inc. (NYSE:AZO)

Compass Capital Corp MA ADV bought a new position in shares of AutoZone, Inc. (NYSE:AZO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 82 shares of the company’s stock, valued at approximately $270,000.

Other large investors also recently modified their holdings of the company. Pittenger & Anderson Inc. raised its stake in AutoZone by 5.2% during the fourth quarter. Pittenger & Anderson Inc. now owns 61 shares of the company’s stock worth $195,000 after acquiring an additional 3 shares during the period. IVC Wealth Advisors LLC grew its holdings in shares of AutoZone by 4.4% during the third quarter. IVC Wealth Advisors LLC now owns 95 shares of the company’s stock valued at $299,000 after purchasing an additional 4 shares during the last quarter. Allworth Financial LP raised its position in shares of AutoZone by 5.0% during the 3rd quarter. Allworth Financial LP now owns 84 shares of the company’s stock worth $265,000 after purchasing an additional 4 shares during the period. Axxcess Wealth Management LLC lifted its holdings in shares of AutoZone by 1.5% in the 3rd quarter. Axxcess Wealth Management LLC now owns 267 shares of the company’s stock worth $841,000 after purchasing an additional 4 shares during the last quarter. Finally, Moors & Cabot Inc. lifted its holdings in shares of AutoZone by 4.2% in the 3rd quarter. Moors & Cabot Inc. now owns 99 shares of the company’s stock worth $312,000 after purchasing an additional 4 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AZO. Argus upped their price objective on AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Truist Financial upped their price target on shares of AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Wells Fargo & Company lifted their price objective on shares of AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Mizuho boosted their target price on shares of AutoZone from $3,350.00 to $3,600.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Finally, BMO Capital Markets initiated coverage on shares of AutoZone in a research note on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, AutoZone presently has an average rating of “Moderate Buy” and an average target price of $3,429.84.

AutoZone Stock Down 1.2 %

Shares of AutoZone stock opened at $3,366.15 on Friday. The business has a fifty day simple moving average of $3,321.62 and a 200-day simple moving average of $3,206.32. The firm has a market cap of $56.49 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 1.88 and a beta of 0.70. AutoZone, Inc. has a fifty-two week low of $2,708.09 and a fifty-two week high of $3,484.42.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 earnings per share for the quarter, missing the consensus estimate of $33.69 by ($1.17). The business had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted $32.55 EPS. Analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

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.