Todays Report: Today, Bronfman E.L. Rothschild L.P. invests in AutoZone Inc. (AZO) Shares

Today, Bronfman E.L. Rothschild L.P. invests in AutoZone Inc. (AZO) Shares

Bronfman E.L. Rothschild L.P. boosted its stake in AutoZone Inc. (NYSE:AZO) by 786.2% during the third quarter, Holdings Channel reports. The institutional investor owned 514 shares of the company’s stock after buying an additional 456 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in AutoZone were worth $395,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Invictus RG increased its stake in shares of AutoZone by 489.7% in the second quarter. Invictus RG now owns 171 shares of the company’s stock valued at $136,000 after buying an additional 142 shares during the last quarter. Global X Management Co. LLC increased its stake in shares of AutoZone by 89.1% in the second quarter. Global X Management Co. LLC now owns 174 shares of the company’s stock valued at $138,000 after buying an additional 82 shares during the last quarter. First Personal Financial Services increased its stake in shares of AutoZone by 126.3% in the second quarter. First Personal Financial Services now owns 215 shares of the company’s stock valued at $171,000 after buying an additional 120 shares during the last quarter. Alpha Windward LLC increased its stake in shares of AutoZone by 0.8% in the third quarter. Alpha Windward LLC now owns 242 shares of the company’s stock valued at $186,000 after buying an additional 2 shares during the last quarter. Finally, Pennsylvania Trust Co bought a new stake in shares of AutoZone during the second quarter valued at $200,000. Institutional investors own 97.29% of the company’s stock.

AutoZone Inc. (NYSE:AZO) opened at 802.24 on Friday. The firm’s 50-day moving average price is $752.25 and its 200-day moving average price is $767.56. The company has a market capitalization of $23.15 billion, a price-to-earnings ratio of 19.71 and a beta of 0.61. AutoZone Inc. has a 52 week low of $681.01 and a 52 week high of $819.54.

AutoZone (NYSE:AZO) last released its earnings results on Thursday, September 22nd. The company reported $14.30 earnings per share for the quarter, topping analysts’ consensus estimates of $14.25 by $0.05. AutoZone had a negative return on equity of 69.23% and a net margin of 11.67%. The business had revenue of $3.40 billion for the quarter. During the same period last year, the business earned $12.75 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities analysts expect that AutoZone Inc. will post $45.44 earnings per share for the current year.

AZO has been the subject of a number of analyst reports. Goldman Sachs Group Inc. set a $841.00 price target on AutoZone and gave the company a “hold” rating in a report on Monday, September 19th. Citigroup Inc. reissued a “buy” rating on shares of AutoZone in a report on Thursday, August 25th. Zacks Investment Research raised AutoZone from a “sell” rating to a “hold” rating in a report on Monday, October 31st. Morgan Stanley set a $820.00 price target on AutoZone and gave the company a “hold” rating in a report on Thursday, August 11th. Finally, Argus reissued a “buy” rating and issued a $875.00 price target on shares of AutoZone in a report on Saturday, October 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. AutoZone presently has a consensus rating of “Buy” and an average target price of $855.63.

AutoZone Company Profile

AutoZone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company’s operating segments include Auto Parts Locations and Other. The Auto Parts Locations segment comprises Domestic Auto Parts, Mexico, Brazil and Interamerican Motor Corporation (IMC).

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