AutoZone, Inc. (NYSE:AZO) Holdings Raised by HCR Wealth Advisors

HCR Wealth Advisors grew its stake in shares of AutoZone, Inc. (NYSE:AZOFree Report) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,649 shares of the company’s stock after acquiring an additional 43 shares during the period. AutoZone accounts for 0.7% of HCR Wealth Advisors’ investment portfolio, making the stock its 21st biggest holding. HCR Wealth Advisors’ holdings in AutoZone were worth $5,280,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Capital Performance Advisors LLP bought a new position in AutoZone during the third quarter valued at approximately $36,000. Carolina Wealth Advisors LLC acquired a new position in shares of AutoZone during the 3rd quarter worth $47,000. Darwin Wealth Management LLC bought a new position in shares of AutoZone during the 3rd quarter valued at $47,000. McIlrath & Eck LLC lifted its stake in shares of AutoZone by 25.0% in the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after purchasing an additional 4 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in AutoZone in the third quarter worth $66,000. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Roth Capital raised AutoZone to a “strong-buy” rating in a research report on Tuesday, October 15th. Truist Financial boosted their target price on AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Argus increased their price target on AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Evercore ISI lifted their price target on shares of AutoZone from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, Barclays upped their price objective on shares of AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, AutoZone presently has a consensus rating of “Moderate Buy” and an average price target of $3,429.84.

Get Our Latest Stock Analysis on AutoZone

AutoZone Price Performance

AutoZone stock opened at $3,207.66 on Thursday. AutoZone, Inc. has a 52-week low of $2,575.00 and a 52-week high of $3,416.71. The stock has a fifty day moving average price of $3,219.74 and a two-hundred day moving average price of $3,129.05. The firm has a market capitalization of $53.83 billion, a P/E ratio of 21.43, a P/E/G ratio of 1.73 and a beta of 0.71.

AutoZone (NYSE:AZOGet Free Report) last released its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 EPS for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). The firm had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. AutoZone’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $32.55 earnings per share. On average, equities research analysts predict that AutoZone, Inc. will post 154.29 EPS for the current fiscal year.

AutoZone Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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