Moors & Cabot Inc. Takes Position in AutoZone, Inc. (NYSE:AZO)

Moors & Cabot Inc. acquired a new position in AutoZone, Inc. (NYSE:AZO) during the second quarter, Holdings Channel reports. The firm acquired 95 shares of the company’s stock, valued at approximately $282,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in AZO. Rise Advisors LLC purchased a new stake in shares of AutoZone in the 1st quarter valued at about $32,000. Riverview Trust Co purchased a new position in AutoZone in the 1st quarter worth approximately $41,000. Meeder Asset Management Inc. grew its stake in AutoZone by 50.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 15 shares of the company’s stock worth $44,000 after buying an additional 5 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of AutoZone during the 2nd quarter valued at $50,000. Finally, ORG Partners LLC purchased a new stake in shares of AutoZone during the 2nd quarter valued at $50,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Price Performance

NYSE AZO opened at $3,016.89 on Friday. The stock has a market capitalization of $51.54 billion, a PE ratio of 20.87, a PEG ratio of 1.45 and a beta of 0.71. The business’s 50-day moving average is $3,105.66 and its 200 day moving average is $3,011.39. AutoZone, Inc. has a 1 year low of $2,375.35 and a 1 year high of $3,256.37.

Analysts Set New Price Targets

A number of research firms recently commented on AZO. Wedbush reissued an “outperform” rating and issued a $3,200.00 target price on shares of AutoZone in a research note on Thursday. Guggenheim increased their price objective on AutoZone from $3,150.00 to $3,225.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Oppenheimer restated a “market perform” rating and issued a $2,600.00 target price on shares of AutoZone in a research report on Wednesday, June 26th. Evercore ISI reduced their price target on shares of AutoZone from $3,900.00 to $3,350.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, StockNews.com lowered shares of AutoZone from a “buy” rating to a “hold” rating in a report on Saturday. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average 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.