AutoZone, Inc. (NYSE:AZO) Shares Purchased by Diversify Advisory Services LLC

Diversify Advisory Services LLC grew its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 52.5% in the fourth quarter, HoldingsChannel reports. The fund owned 180 shares of the company’s stock after buying an additional 62 shares during the period. Diversify Advisory Services LLC’s holdings in AutoZone were worth $585,000 as of its most recent filing with the SEC.

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

AutoZone Stock Up 2.2 %

AutoZone stock opened at $3,299.95 on Wednesday. AutoZone, Inc. has a 12 month low of $2,672.31 and a 12 month high of $3,416.71. The stock has a market cap of $55.37 billion, a P/E ratio of 22.05, a P/E/G ratio of 1.78 and a beta of 0.71. The company’s fifty day simple moving average is $3,223.86 and its 200-day simple moving average is $3,139.31.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share for the quarter, missing the consensus estimate 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 negative return on equity of 53.89% and a net margin of 14.18%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the company earned $32.55 earnings per share. On average, equities research analysts expect that AutoZone, Inc. will post 153.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on AZO shares. Argus boosted their price objective on AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. UBS Group upped their price target on shares of AutoZone from $3,340.00 to $3,500.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Evercore ISI lifted their price objective on shares of AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. The Goldman Sachs Group lowered shares of AutoZone from a “buy” rating to a “sell” rating and cut their target price for the company from $3,205.00 to $2,917.00 in a research note on Monday, October 14th. Finally, Roth Capital upgraded shares of AutoZone to a “strong-buy” rating in a research report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.