AutoZone, Inc. (NYSE:AZO) Stock Position Cut by 1832 Asset Management L.P.

1832 Asset Management L.P. decreased its stake in shares of AutoZone, Inc. (NYSE:AZO) by 70.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,683 shares of the company’s stock after selling 30,914 shares during the period. 1832 Asset Management L.P. owned approximately 0.07% of AutoZone worth $37,594,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quent Capital LLC increased its stake in shares of AutoZone by 4.8% during the first quarter. Quent Capital LLC now owns 88 shares of the company’s stock valued at $277,000 after acquiring an additional 4 shares during the period. Mather Group LLC. boosted its stake in AutoZone by 1.8% during the 2nd quarter. Mather Group LLC. now owns 224 shares of the company’s stock valued at $706,000 after purchasing an additional 4 shares in the last quarter. Conning Inc. increased its position in shares of AutoZone by 4.3% during the 2nd quarter. Conning Inc. now owns 98 shares of the company’s stock valued at $290,000 after purchasing an additional 4 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in shares of AutoZone by 14.3% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 32 shares of the company’s stock worth $95,000 after buying an additional 4 shares in the last quarter. Finally, Brighton Jones LLC raised its stake in shares of AutoZone by 4.1% in the 2nd quarter. Brighton Jones LLC now owns 101 shares of the company’s stock worth $299,000 after buying an additional 4 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors.

AutoZone Trading Down 0.6 %

Shares of NYSE AZO opened at $3,020.66 on Monday. AutoZone, Inc. has a one year low of $2,375.35 and a one year high of $3,256.37. The business has a 50-day moving average price of $3,105.66 and a two-hundred day moving average price of $3,010.09. The firm has a market capitalization of $51.60 billion, a PE ratio of 20.89, a PEG ratio of 1.45 and a beta of 0.71.

Analyst Ratings Changes

A number of research firms recently issued reports on AZO. Evercore ISI lowered their target price on AutoZone from $3,900.00 to $3,350.00 and set an “outperform” rating on the stock in a report on Friday. StockNews.com cut shares of AutoZone from a “buy” rating to a “hold” rating in a research note on Saturday. Wedbush reiterated an “outperform” rating and issued a $3,200.00 target price on shares of AutoZone in a report on Thursday. Guggenheim raised their target price on shares of AutoZone from $3,150.00 to $3,225.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Finally, Oppenheimer reaffirmed a “market perform” rating and issued a $2,600.00 price target on shares of AutoZone in a report on Wednesday, June 26th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $3,129.44.

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.