EverSource Wealth Advisors LLC Acquires 7 Shares of AutoZone, Inc. (NYSE:AZO)

EverSource Wealth Advisors LLC lifted its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 0.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,751 shares of the company’s stock after acquiring an additional 7 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in AutoZone were worth $8,621,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AZO. SG Americas Securities LLC raised its holdings in AutoZone by 35.3% in the 1st quarter. SG Americas Securities LLC now owns 3,534 shares of the company’s stock worth $11,138,000 after purchasing an additional 922 shares in the last quarter. Sei Investments Co. lifted its holdings in AutoZone by 60.7% in the first quarter. Sei Investments Co. now owns 22,315 shares of the company’s stock worth $70,326,000 after buying an additional 8,427 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in AutoZone by 12.9% in the first quarter. Oppenheimer & Co. Inc. now owns 3,509 shares of the company’s stock worth $11,059,000 after buying an additional 401 shares during the period. Parnassus Investments LLC boosted its position in AutoZone by 32.0% during the 4th quarter. Parnassus Investments LLC now owns 243,571 shares of the company’s stock valued at $629,780,000 after acquiring an additional 58,989 shares in the last quarter. Finally, Peak Financial Advisors LLC bought a new position in AutoZone in the second quarter worth $2,816,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wedbush reaffirmed an “outperform” rating and issued a $3,200.00 target price on shares of AutoZone in a research report on Thursday. 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. 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. StockNews.com lowered AutoZone from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Oppenheimer reiterated a “market perform” rating and set a $2,600.00 price objective on shares of AutoZone in a research note on Wednesday, June 26th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, AutoZone currently has an average rating of “Moderate Buy” and an average target price of $3,129.44.

AutoZone Stock Down 0.6 %

AZO opened at $3,020.66 on Friday. The stock has a market capitalization of $51.60 billion, a price-to-earnings ratio of 20.89, a PEG ratio of 1.45 and a beta of 0.71. The firm has a 50 day moving average price of $3,105.66 and a 200-day moving average price of $3,010.75. AutoZone, Inc. has a twelve month low of $2,375.35 and a twelve month high of $3,256.37.

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.