Crew Capital Management Ltd. Buys 59 Shares of AutoZone, Inc. (NYSE:AZO)

Crew Capital Management Ltd. boosted its holdings in AutoZone, Inc. (NYSE:AZO) by 18.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 385 shares of the company’s stock after purchasing an additional 59 shares during the quarter. AutoZone comprises 1.0% of Crew Capital Management Ltd.’s holdings, making the stock its 22nd largest holding. Crew Capital Management Ltd.’s holdings in AutoZone were worth $1,233,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in AutoZone in the third quarter worth approximately $36,000. Darwin Wealth Management LLC bought a new stake in AutoZone in the third quarter worth approximately $47,000. Crews Bank & Trust bought a new stake in AutoZone in the fourth quarter worth approximately $61,000. McIlrath & Eck LLC increased its holdings in AutoZone by 25.0% in the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after purchasing an additional 4 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in AutoZone in the third quarter worth approximately $66,000. 92.74% of the stock is currently owned by institutional investors.

AutoZone Stock Up 0.2 %

Shares of NYSE:AZO opened at $3,485.50 on Wednesday. The stock has a market cap of $58.49 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 1.86 and a beta of 0.70. AutoZone, Inc. has a 12-month low of $2,728.97 and a 12-month high of $3,563.57. The business’s 50 day moving average is $3,345.35 and its 200 day moving average is $3,221.36.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, March 4th. The company reported $28.29 earnings per share for the quarter, missing the consensus estimate of $29.11 by ($0.82). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. As a group, equities research analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AZO shares. Argus lifted their target price on AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Citigroup raised their price objective on AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Guggenheim raised their price objective on AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Wells Fargo & Company raised their price objective on AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Finally, TD Cowen raised their price objective on AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $3,442.61.

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.