Beddow Capital Management Inc. Buys 10 Shares of AutoZone, Inc. (NYSE:AZO)

Beddow Capital Management Inc. boosted its position in shares of AutoZone, Inc. (NYSE:AZO) by 2.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 411 shares of the company’s stock after purchasing an additional 10 shares during the quarter. Beddow Capital Management Inc.’s holdings in AutoZone were worth $1,218,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Rise Advisors LLC acquired a new position in shares of AutoZone in the 1st quarter valued at $32,000. Riverview Trust Co bought a new position in shares of AutoZone during the 1st quarter valued at about $41,000. Meeder Asset Management Inc. raised its holdings in AutoZone by 50.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 15 shares of the company’s stock worth $44,000 after buying an additional 5 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of AutoZone during the second quarter worth $50,000. Finally, ORG Partners LLC acquired a new stake in shares of AutoZone during the second quarter worth $50,000. Institutional investors own 92.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AZO. Evercore ISI decreased their price objective on AutoZone from $3,900.00 to $3,350.00 and set an “outperform” rating for the company in a report on Friday. StockNews.com cut AutoZone from a “buy” rating to a “hold” rating in a research report on Saturday. Oppenheimer reaffirmed a “market perform” rating and set a $2,600.00 price target on shares of AutoZone in a research report on Wednesday, June 26th. Wedbush reiterated an “outperform” rating and set a $3,200.00 price objective on shares of AutoZone in a research note on Thursday. Finally, Guggenheim raised their target price on shares of AutoZone from $3,150.00 to $3,225.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $3,117.12.

AutoZone Stock Performance

NYSE:AZO opened at $3,016.89 on Friday. AutoZone, Inc. has a 52 week low of $2,375.35 and a 52 week high of $3,256.37. The firm’s 50-day simple moving average is $3,105.66 and its 200 day simple moving average is $3,011.39. The firm has a market cap of $51.54 billion, a price-to-earnings ratio of 20.87, a P/E/G ratio of 1.45 and a beta of 0.71.

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.