Tectonic Advisors LLC Buys 57 Shares of AutoZone, Inc. (NYSE:AZO)

Tectonic Advisors LLC boosted its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,917 shares of the company’s stock after acquiring an additional 57 shares during the period. Tectonic Advisors LLC’s holdings in AutoZone were worth $6,138,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in AutoZone during the third quarter worth about $36,000. Carolina Wealth Advisors LLC bought a new position in AutoZone during the third quarter worth about $47,000. Darwin Wealth Management LLC bought a new position in AutoZone during the third quarter worth about $47,000. Crews Bank & Trust bought a new position in AutoZone during the fourth quarter worth about $61,000. Finally, McIlrath & Eck LLC lifted 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 acquiring an additional 4 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AZO has been the topic of several recent analyst reports. TD Cowen lifted their target price on AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Wells Fargo & Company boosted their price target on AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Argus boosted their price target on AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Roth Mkm restated a “buy” rating and issued a $3,634.00 price target on shares of AutoZone in a report on Wednesday, October 16th. Finally, Citigroup boosted their price target 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 research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $3,429.84.

AutoZone Stock Up 0.9 %

Shares of NYSE AZO opened at $3,463.48 on Wednesday. The business’s 50 day moving average price is $3,275.98 and its two-hundred day moving average price is $3,174.59. The company has a market cap of $58.12 billion, a PE ratio of 23.14, a price-to-earnings-growth ratio of 1.85 and a beta of 0.70. AutoZone, Inc. has a twelve month low of $2,672.31 and a twelve month high of $3,475.10.

AutoZone (NYSE:AZO) last announced 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 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%. AutoZone’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $32.55 EPS. As a group, research analysts anticipate that AutoZone, Inc. will post 152.94 EPS 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.