Foster & Motley Inc. reduced its stake in shares of AutoZone, Inc. (NYSE:AZO – Free Report) by 14.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 515 shares of the company’s stock after selling 88 shares during the quarter. Foster & Motley Inc.’s holdings in AutoZone were worth $1,649,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. Capital Performance Advisors LLP acquired a new position in AutoZone during the 3rd quarter valued at about $36,000. Carolina Wealth Advisors LLC acquired a new position in AutoZone during the 3rd quarter valued at about $47,000. Darwin Wealth Management LLC acquired a new position in AutoZone during the 3rd quarter valued at about $47,000. McIlrath & Eck LLC increased its position 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 buying an additional 4 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in AutoZone during the 3rd quarter valued at about $66,000. 92.74% of the stock is currently owned by hedge funds and other institutional investors.
AutoZone Stock Up 1.3 %
AZO stock opened at $3,355.54 on Friday. The business has a fifty day moving average of $3,252.46 and a two-hundred day moving average of $3,160.68. The stock has a market cap of $56.31 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 1.84 and a beta of 0.71. AutoZone, Inc. has a 52-week low of $2,672.31 and a 52-week high of $3,437.63.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on AZO shares. BMO Capital Markets started coverage on AutoZone in a research report on Friday, December 13th. They set an “outperform” rating and a $3,700.00 target price on the stock. Barclays increased their price objective on AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. TD Cowen increased their price objective on AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a report on Monday, December 16th. Argus increased their price objective on 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 AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” 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 issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, AutoZone currently has a consensus rating of “Moderate Buy” and a consensus target price of $3,429.84.
View Our Latest Research Report on AutoZone
AutoZone 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.
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