AutoZone, Inc. (NYSE:AZO) is Solidarity Wealth LLC’s 8th Largest Position

Solidarity Wealth LLC decreased its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 3.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,042 shares of the company’s stock after selling 143 shares during the period. AutoZone makes up about 3.4% of Solidarity Wealth LLC’s holdings, making the stock its 8th biggest position. Solidarity Wealth LLC’s holdings in AutoZone were worth $12,942,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Capital Performance Advisors LLP acquired a new stake in shares of AutoZone in the 3rd quarter worth approximately $36,000. Carolina Wealth Advisors LLC acquired a new stake in shares of AutoZone in the 3rd quarter worth approximately $47,000. Darwin Wealth Management LLC acquired a new stake in shares of AutoZone in the 3rd quarter worth approximately $47,000. McIlrath & Eck LLC grew its holdings in shares of AutoZone by 25.0% in the 3rd 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 acquired a new stake in shares of AutoZone in the 3rd quarter worth approximately $66,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AZO shares. Argus upped their price target on AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Truist Financial raised their price objective on AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Wells Fargo & Company raised their price objective on AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Mizuho raised their price objective on AutoZone from $3,350.00 to $3,600.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, Evercore ISI raised 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. One analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $3,429.84.

AutoZone Trading Up 0.8 %

Shares of NYSE AZO opened at $3,221.06 on Tuesday. The stock has a 50 day simple moving average of $3,222.90 and a 200-day simple moving average of $3,136.66. The company has a market cap of $54.05 billion, a PE ratio of 21.52, a P/E/G ratio of 1.80 and a beta of 0.71. AutoZone, Inc. has a 12-month low of $2,658.18 and a 12-month high of $3,416.71.

AutoZone (NYSE:AZO) last issued its quarterly earnings data 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). The business had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.30 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $32.55 earnings per share. Sell-side analysts forecast that AutoZone, Inc. will post 153.09 earnings per share for the current fiscal 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.