Dimensional Fund Advisors LP Buys 7,908 Shares of AutoZone, Inc. (NYSE:AZO)

Dimensional Fund Advisors LP lifted its position in AutoZone, Inc. (NYSE:AZO) by 18.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 49,663 shares of the company’s stock after purchasing an additional 7,908 shares during the period. Dimensional Fund Advisors LP owned about 0.29% of AutoZone worth $147,204,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Clearbridge Investments LLC boosted its holdings in shares of AutoZone by 3.0% during the fourth quarter. Clearbridge Investments LLC now owns 6,179 shares of the company’s stock worth $15,976,000 after purchasing an additional 179 shares during the period. D.A. Davidson & CO. grew its position in shares of AutoZone by 27.3% in the 4th quarter. D.A. Davidson & CO. now owns 807 shares of the company’s stock worth $2,087,000 after buying an additional 173 shares during the last quarter. Assetmark Inc. increased its stake in shares of AutoZone by 10.0% during the fourth quarter. Assetmark Inc. now owns 1,459 shares of the company’s stock valued at $3,772,000 after buying an additional 133 shares during the period. SageView Advisory Group LLC bought a new position in shares of AutoZone during the fourth quarter valued at approximately $284,000. Finally, Team Hewins LLC purchased a new stake in AutoZone in the fourth quarter worth $290,000. 92.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AZO has been the subject of several research analyst reports. StockNews.com cut shares of AutoZone from a “buy” rating to a “hold” rating in a research report on Saturday. Wedbush reaffirmed an “outperform” rating and set a $3,200.00 price objective on shares of AutoZone in a research report on Thursday. Oppenheimer reissued a “market perform” rating and issued a $2,600.00 target price on shares of AutoZone in a research report on Wednesday, June 26th. Evercore ISI dropped their price target on AutoZone from $3,900.00 to $3,350.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Guggenheim increased their price objective on AutoZone from $3,150.00 to $3,225.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $3,129.44.

AutoZone Stock Down 0.6 %

Shares of NYSE AZO opened at $3,020.66 on Friday. The company has a 50 day moving average of $3,105.66 and a 200 day moving average of $3,010.75. AutoZone, Inc. has a twelve month low of $2,375.35 and a twelve month high of $3,256.37. The firm has a market cap of $51.60 billion, a P/E ratio of 20.89, a PEG ratio of 1.45 and a beta of 0.71.

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.