AutoZone, Inc. (NYSE:AZO) Stock Holdings Lifted by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC lifted its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 244 shares of the company’s stock after buying an additional 4 shares during the period. Lake Street Advisors Group LLC’s holdings in AutoZone were worth $781,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in shares of AutoZone in the 3rd quarter worth approximately $36,000. Darwin Wealth Management LLC acquired a new stake in shares of AutoZone in the 3rd quarter worth about $47,000. Crews Bank & Trust bought a new stake in AutoZone in the 4th quarter valued at about $61,000. McIlrath & Eck LLC boosted its stake in AutoZone by 25.0% during 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 period. Finally, Ashton Thomas Securities LLC bought a new position in AutoZone in the 3rd quarter worth about $66,000. Institutional investors own 92.74% of the company’s stock.

AutoZone Stock Down 1.1 %

Shares of NYSE AZO opened at $3,388.21 on Thursday. The stock’s fifty day simple moving average is $3,327.45 and its 200 day simple moving average is $3,212.80. The stock has a market capitalization of $56.85 billion, a price-to-earnings ratio of 22.64, a PEG ratio of 1.86 and a beta of 0.70. AutoZone, Inc. has a 52-week low of $2,728.97 and a 52-week high of $3,484.42.

AutoZone (NYSE:AZO) last issued 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 company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $32.55 EPS. As a group, analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AZO. Wells Fargo & Company boosted their price objective on AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Citigroup boosted their price target on AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Truist Financial raised their price target on AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Argus upped their price objective on shares of AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Finally, 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. One analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $3,429.84.

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.