Atomi Financial Group Inc. Has $273,000 Stake in AutoZone, Inc. (NYSE:AZO)

Atomi Financial Group Inc. lifted its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 5.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92 shares of the company’s stock after buying an additional 5 shares during the quarter. Atomi Financial Group Inc.’s holdings in AutoZone were worth $273,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Summit Trail Advisors LLC grew its position in shares of AutoZone by 3.8% during the 4th quarter. Summit Trail Advisors LLC now owns 110 shares of the company’s stock worth $283,000 after buying an additional 4 shares during the period. Guardian Capital LP grew its position in shares of AutoZone by 1.3% during the 4th quarter. Guardian Capital LP now owns 301 shares of the company’s stock worth $778,000 after buying an additional 4 shares during the period. Quent Capital LLC grew its holdings in AutoZone by 4.8% during the first quarter. Quent Capital LLC now owns 88 shares of the company’s stock valued at $277,000 after purchasing an additional 4 shares during the period. Mather Group LLC. grew its holdings in AutoZone by 1.8% during the second quarter. Mather Group LLC. now owns 224 shares of the company’s stock valued at $706,000 after purchasing an additional 4 shares during the period. Finally, Hohimer Wealth Management LLC grew its holdings in AutoZone by 1.4% during the fourth quarter. Hohimer Wealth Management LLC now owns 366 shares of the company’s stock valued at $946,000 after purchasing an additional 5 shares during the period. Institutional investors and hedge funds own 92.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wedbush restated an “outperform” rating and set a $3,200.00 price objective on shares of AutoZone in a report on Wednesday, July 10th. Wolfe Research decreased their price objective on shares of AutoZone from $3,150.00 to $3,000.00 and set an “outperform” rating for the company in a report on Wednesday, May 22nd. Evercore ISI decreased their price objective on shares of AutoZone from $3,278.00 to $3,275.00 and set an “outperform” rating for the company in a report on Tuesday, July 2nd. Mizuho cut their price target on shares of AutoZone from $3,450.00 to $3,280.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd. Finally, Oppenheimer reaffirmed a “market perform” rating and issued a $2,600.00 price target on shares of AutoZone in a research note on Wednesday, June 26th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $3,112.71.

AutoZone Price Performance

NYSE:AZO opened at $3,196.70 on Thursday. AutoZone, Inc. has a one year low of $2,375.35 and a one year high of $3,256.37. The company has a market cap of $54.61 billion, a P/E ratio of 22.11, a P/E/G ratio of 1.58 and a beta of 0.71. The firm’s fifty day moving average price is $3,027.23 and its two-hundred day moving average price is $2,975.98.

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.