Oppenheimer & Co. Inc. increased its position in AutoZone Inc. (NYSE:AZO) by 2.1% during the third quarter, according to its most recent 13F filing with the SEC. The fund 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 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AZO. Invictus RG boosted its position in AutoZone by 489.7% in the second quarter. Invictus RG now owns 171 shares of the company’s stock worth $136,000 after buying an additional 142 shares during the period. Global X Management Co. LLC boosted its position in AutoZone by 89.1% in the second quarter. Global X Management Co. LLC now owns 174 shares of the company’s stock worth $138,000 after buying an additional 82 shares during the period. First Personal Financial Services boosted its position in AutoZone by 126.3% in the second quarter. First Personal Financial Services now owns 215 shares of the company’s stock worth $171,000 after buying an additional 120 shares during the period. Alpha Windward LLC boosted its position in AutoZone by 0.8% in the third quarter. Alpha Windward LLC now owns 242 shares of the company’s stock worth $186,000 after buying an additional 2 shares during the period. Finally, Pennsylvania Trust Co bought a new position in AutoZone during the second quarter worth $200,000. 94.06% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

Shares of AutoZone Inc. (NYSE:AZO) traded down 0.89% during mid-day trading on Wednesday, reaching $783.18. 340,537 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $754.77 and a 200-day moving average price of $767.74. AutoZone Inc. has a 1-year low of $681.01 and a 1-year high of $819.54. The company has a market capitalization of $22.60 billion, a P/E ratio of 19.24 and a beta of 0.61.

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

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Several equities research analysts recently commented on the stock. Jefferies Group reiterated a “hold” rating and issued a $810.00 price objective on shares of AutoZone in a research report on Wednesday, October 19th. RBC Capital Markets reiterated a “sector perform” rating and issued a $855.00 price objective (down from $873.00) on shares of AutoZone in a research report on Friday, September 23rd. Wedbush reiterated an “outperform” rating and issued a $870.00 price objective on shares of AutoZone in a research report on Friday, September 23rd. Credit Suisse Group AG reiterated a “buy” rating and issued a $814.00 price objective on shares of AutoZone in a research report on Wednesday, November 23rd. Finally, Susquehanna assumed coverage on shares of AutoZone in a research report on Thursday, August 25th. They issued a “neutral” rating and a $810.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average 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).

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