Brighton Jones LLC Buys 4 Shares of AutoZone, Inc. (NYSE:AZO)

Brighton Jones LLC grew its stake in AutoZone, Inc. (NYSE:AZO) by 4.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101 shares of the company’s stock after purchasing an additional 4 shares during the quarter. Brighton Jones LLC’s holdings in AutoZone were worth $299,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. SageView Advisory Group LLC acquired a new stake in AutoZone during the fourth quarter worth about $284,000. Team Hewins LLC bought a new position in AutoZone during the 4th quarter worth approximately $290,000. Nomura Asset Management Co. Ltd. increased its stake in shares of AutoZone by 2.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 7,474 shares of the company’s stock valued at $19,325,000 after acquiring an additional 145 shares in the last quarter. Edmond DE Rothschild Holding S.A. bought a new stake in shares of AutoZone in the 4th quarter valued at $78,000. Finally, 3Chopt Investment Partners LLC bought a new stake in shares of AutoZone in the 4th quarter valued at $946,000. 92.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AZO has been the subject of several research reports. Evercore ISI reduced their price target on shares of AutoZone from $3,900.00 to $3,350.00 and set an “outperform” rating for the company in a research report on Friday. Oppenheimer reiterated a “market perform” rating and set a $2,600.00 target price on shares of AutoZone in a research note on Wednesday, June 26th. Guggenheim lifted their target price on AutoZone from $3,150.00 to $3,225.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Wedbush restated an “outperform” rating and issued a $3,200.00 price objective on shares of AutoZone in a research note on Thursday. Finally, StockNews.com cut AutoZone from a “buy” rating to a “hold” rating in a research report on Saturday. Three research 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $3,129.44.

AutoZone Price Performance

Shares of AZO opened at $3,020.66 on Monday. The firm has a market cap of $51.60 billion, a P/E ratio of 20.89, a P/E/G ratio of 1.45 and a beta of 0.71. The stock has a 50 day simple moving average of $3,105.66 and a two-hundred day simple moving average of $3,010.09. AutoZone, Inc. has a 1 year low of $2,375.35 and a 1 year high of $3,256.37.

About AutoZone

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.