AutoZone, Inc. (NYSE:AZO) Stake Lessened by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC decreased its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 51.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 124 shares of the company’s stock after selling 132 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in AutoZone were worth $368,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Summit Trail Advisors LLC increased its holdings in shares of AutoZone by 3.8% in the 4th quarter. Summit Trail Advisors LLC now owns 110 shares of the company’s stock valued at $283,000 after purchasing an additional 4 shares during the period. Guardian Capital LP increased its stake in AutoZone by 1.3% in the 4th quarter. Guardian Capital LP now owns 301 shares of the company’s stock valued at $778,000 after buying an additional 4 shares during the period. Quent Capital LLC lifted its position in AutoZone by 4.8% in the 1st quarter. Quent Capital LLC now owns 88 shares of the company’s stock worth $277,000 after buying an additional 4 shares in the last quarter. Mather Group LLC. boosted its stake in shares of 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 buying an additional 4 shares during the period. Finally, Conning Inc. grew its holdings 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 acquiring an additional 4 shares in the last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.

AutoZone Stock Up 0.7 %

Shares of NYSE AZO opened at $3,162.97 on Thursday. AutoZone, Inc. has a 12 month low of $2,375.35 and a 12 month high of $3,256.37. The company has a market cap of $54.02 billion, a P/E ratio of 21.88, a P/E/G ratio of 1.60 and a beta of 0.71. The business’s 50 day moving average is $3,052.13 and its two-hundred day moving average is $2,993.35.

Analyst Ratings Changes

Several brokerages recently issued reports on AZO. Wolfe Research reduced their price objective on AutoZone from $3,150.00 to $3,000.00 and set an “outperform” rating for the company in a research report on Wednesday, May 22nd. Guggenheim lifted 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. Evercore ISI lowered their price target on AutoZone from $3,278.00 to $3,275.00 and set an “outperform” rating for the company in a research note on Tuesday, July 2nd. Barclays cut their price objective on shares of AutoZone from $3,100.00 to $3,024.00 and set an “overweight” rating on the stock in a research report on Thursday, May 23rd. Finally, Morgan Stanley decreased their target price on shares of AutoZone from $3,100.00 to $3,038.00 and set an “overweight” rating for the company in a research report on Wednesday, May 22nd. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $3,112.71.

AutoZone 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.