Axxcess Wealth Management LLC Buys 29 Shares of AutoZone, Inc. (NYSE:AZO)

Axxcess Wealth Management LLC increased its stake in shares of AutoZone, Inc. (NYSE:AZO) by 12.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 263 shares of the company’s stock after purchasing an additional 29 shares during the period. Axxcess Wealth Management LLC’s holdings in AutoZone were worth $780,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC grew its stake in AutoZone by 35.3% during the first quarter. SG Americas Securities LLC now owns 3,534 shares of the company’s stock valued at $11,138,000 after acquiring an additional 922 shares in the last quarter. Sei Investments Co. increased its holdings in shares of 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 purchasing an additional 8,427 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of 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 in the last quarter. Parnassus Investments LLC boosted its stake in AutoZone by 32.0% during the fourth quarter. Parnassus Investments LLC now owns 243,571 shares of the company’s stock valued at $629,780,000 after buying an additional 58,989 shares during the period. Finally, Peak Financial Advisors LLC purchased a new position in AutoZone during the second quarter worth about $2,816,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Stock Performance

NYSE:AZO opened at $3,040.09 on Friday. The firm has a market cap of $51.93 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 1.45 and a beta of 0.71. AutoZone, Inc. has a fifty-two week low of $2,375.35 and a fifty-two week high of $3,256.37. The business has a 50 day moving average price of $3,103.78 and a 200-day moving average price of $3,011.83.

Analyst Ratings Changes

Several analysts have weighed in on AZO shares. Guggenheim raised their price target on AutoZone from $3,150.00 to $3,225.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Wedbush reissued an “outperform” rating and issued a $3,200.00 price target on shares of AutoZone in a research note on Thursday. StockNews.com upgraded shares of AutoZone from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Evercore ISI dropped their price objective on shares of AutoZone from $3,278.00 to $3,275.00 and set an “outperform” rating for the company in a report on Tuesday, July 2nd. Finally, Barclays reduced their target price on AutoZone from $3,100.00 to $3,024.00 and set an “overweight” rating on the stock in a research note on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $3,112.71.

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.