Sanibel Captiva Trust Company Inc. Purchases 31 Shares of AutoZone, Inc. (NYSE:AZO)

Sanibel Captiva Trust Company Inc. grew its position in AutoZone, Inc. (NYSE:AZO) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,613 shares of the company’s stock after purchasing an additional 31 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in AutoZone were worth $11,569,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings 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 during the last quarter. Fidelis Capital Partners LLC raised its position in AutoZone by 2.6% in the second quarter. Fidelis Capital Partners LLC now owns 159 shares of the company’s stock worth $490,000 after acquiring an additional 4 shares during the period. Petredis Investment Advisors LLC boosted its stake in AutoZone by 0.6% in the third quarter. Petredis Investment Advisors LLC now owns 710 shares of the company’s stock valued at $2,237,000 after acquiring an additional 4 shares during the last quarter. Allworth Financial LP boosted its stake in AutoZone by 5.0% in the third quarter. Allworth Financial LP now owns 84 shares of the company’s stock valued at $265,000 after acquiring an additional 4 shares during the last quarter. Finally, IVC Wealth Advisors LLC grew its position in shares of AutoZone by 4.4% during the 3rd quarter. IVC Wealth Advisors LLC now owns 95 shares of the company’s stock valued at $299,000 after acquiring an additional 4 shares during the period. 92.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. BMO Capital Markets initiated coverage on shares of AutoZone in a report on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 price target on the stock. Guggenheim boosted their target price 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. Barclays increased their price target on AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Evercore ISI lifted their price objective on AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, Redburn Atlantic raised shares of AutoZone to a “strong-buy” rating in a report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, AutoZone presently has an average rating of “Moderate Buy” and a consensus target price of $3,429.84.

AutoZone Stock Performance

AutoZone stock opened at $3,221.06 on Friday. AutoZone, Inc. has a fifty-two week low of $2,658.18 and a fifty-two week high of $3,416.71. The stock has a market cap of $54.05 billion, a P/E ratio of 21.52, a PEG ratio of 1.80 and a beta of 0.71. The firm’s fifty day moving average price is $3,220.70 and its 200-day moving average price is $3,130.04.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the company earned $32.55 earnings per share. AutoZone’s revenue was up 2.1% compared to the same quarter last year. Sell-side analysts predict that AutoZone, Inc. will post 153.09 earnings per share for the current year.

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.