Moors & Cabot Inc. Purchases Shares of 95 AutoZone, Inc. (NYSE:AZO)

Moors & Cabot Inc. purchased a new position in shares of AutoZone, Inc. (NYSE:AZO) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 95 shares of the company’s stock, valued at approximately $282,000.

Other large investors also recently modified their holdings of the company. Clearbridge Investments LLC boosted its holdings in AutoZone by 3.0% in the fourth quarter. Clearbridge Investments LLC now owns 6,179 shares of the company’s stock worth $15,976,000 after acquiring an additional 179 shares in the last quarter. D.A. Davidson & CO. grew its position in AutoZone by 27.3% in the 4th quarter. D.A. Davidson & CO. now owns 807 shares of the company’s stock valued at $2,087,000 after purchasing an additional 173 shares during the period. Assetmark Inc. increased its stake in AutoZone by 10.0% during the 4th quarter. Assetmark Inc. now owns 1,459 shares of the company’s stock valued at $3,772,000 after purchasing an additional 133 shares in the last quarter. WBI Investments LLC acquired a new position in AutoZone during the fourth quarter worth $225,000. Finally, Hohimer Wealth Management LLC lifted its stake in shares of AutoZone by 1.4% in the fourth quarter. Hohimer Wealth Management LLC now owns 366 shares of the company’s stock valued at $946,000 after buying an additional 5 shares in the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Stock Performance

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Wedbush reissued an “outperform” rating and set a $3,200.00 target price on shares of AutoZone in a research report on Thursday. Guggenheim increased their price objective 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. Oppenheimer reaffirmed a “market perform” rating and set a $2,600.00 target price on shares of AutoZone in a research report on Wednesday, June 26th. Evercore ISI lowered their price target on AutoZone from $3,900.00 to $3,350.00 and set an “outperform” rating for the company in a research report on Friday. Finally, StockNews.com downgraded shares of AutoZone from a “buy” rating to a “hold” rating in a report on Saturday. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $3,117.12.

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.