IFP Advisors Inc Purchases 79 Shares of AutoZone, Inc. (NYSE:AZO)

IFP Advisors Inc grew its position in AutoZone, Inc. (NYSE:AZO) by 44.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 257 shares of the company’s stock after acquiring an additional 79 shares during the period. IFP Advisors Inc’s holdings in AutoZone were worth $831,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in shares of AutoZone during the 3rd quarter valued at $36,000. Darwin Wealth Management LLC bought a new stake in AutoZone during the third quarter valued at about $47,000. Crews Bank & Trust purchased a new position in shares of AutoZone in the fourth quarter valued at about $61,000. McIlrath & Eck LLC boosted its stake in shares of AutoZone by 25.0% in the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after acquiring an additional 4 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of AutoZone during the third quarter worth about $66,000. 92.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Mizuho boosted their price target on AutoZone from $3,350.00 to $3,600.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Barclays boosted their target price 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. TD Cowen raised their target price on shares of AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Argus lifted their price target on shares of AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Finally, Citigroup increased their price objective on shares of AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $3,429.84.

AutoZone Stock Performance

NYSE:AZO opened at $3,448.29 on Friday. The firm has a market capitalization of $57.86 billion, a PE ratio of 23.04, a PEG ratio of 1.86 and a beta of 0.70. The stock’s fifty day moving average is $3,332.11 and its 200 day moving average is $3,214.44. AutoZone, Inc. has a fifty-two week low of $2,728.97 and a fifty-two week high of $3,484.42.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $33.69 by ($1.17). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The firm had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter last year, the business posted $32.55 EPS. AutoZone’s revenue was up 2.1% compared to the same quarter last year. Equities analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current year.

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.