373 Shares in AutoZone, Inc. (NYSE:AZO) Bought by Ascent Wealth Partners LLC

Ascent Wealth Partners LLC acquired a new position in AutoZone, Inc. (NYSE:AZO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 373 shares of the company’s stock, valued at approximately $1,194,000.

Several other large investors have also recently bought and sold shares of the business. Capital Performance Advisors LLP acquired a new stake in shares of AutoZone during the third quarter valued at $36,000. Darwin Wealth Management LLC acquired a new stake in shares of AutoZone during the third quarter valued at $47,000. Crews Bank & Trust acquired a new stake in shares of AutoZone during the fourth quarter valued at $61,000. McIlrath & Eck LLC boosted its stake in shares of AutoZone by 25.0% during the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after acquiring an additional 4 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of AutoZone during the third quarter valued at $66,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on AZO. Barclays raised their price target on AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Wells Fargo & Company raised their price target on AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Evercore ISI raised their price target on AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Guggenheim raised their price target on AutoZone from $3,350.00 to $3,750.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, Truist Financial raised their price target on AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and three have given 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 price target of $3,429.84.

AutoZone Stock Down 1.2 %

NYSE AZO opened at $3,366.15 on Friday. The stock has a market cap of $56.48 billion, a PE ratio of 22.49, a P/E/G ratio of 1.88 and a beta of 0.70. AutoZone, Inc. has a fifty-two week low of $2,708.09 and a fifty-two week high of $3,484.42. The business has a 50 day moving average price of $3,321.62 and a two-hundred day moving average price of $3,206.92.

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