Avidian Wealth Enterprises LLC Increases Holdings in AutoZone, Inc. (NYSE:AZO)

Avidian Wealth Enterprises LLC increased its stake in shares of AutoZone, Inc. (NYSE:AZO) by 3.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 194 shares of the company’s stock after purchasing an additional 6 shares during the period. Avidian Wealth Enterprises LLC’s holdings in AutoZone were worth $621,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Capital Performance Advisors LLP purchased a new stake in shares of AutoZone in the third quarter worth about $36,000. Carolina Wealth Advisors LLC bought a new stake in AutoZone during the 3rd quarter worth approximately $47,000. Darwin Wealth Management LLC purchased a new stake in AutoZone in the 3rd quarter worth approximately $47,000. Crews Bank & Trust bought a new position in AutoZone in the 4th quarter valued at $61,000. Finally, McIlrath & Eck LLC boosted its holdings in AutoZone by 25.0% in 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. Institutional investors own 92.74% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Guggenheim increased their price objective on AutoZone from $3,350.00 to $3,750.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Barclays raised their price target on AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Wells Fargo & Company lifted their price target on AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Citigroup upped their price objective on shares of AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, Evercore ISI lifted their target price on shares of AutoZone from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned 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 an average target price of $3,429.84.

AutoZone Stock Down 0.3 %

Shares of NYSE AZO opened at $3,435.93 on Thursday. The firm’s fifty day moving average is $3,302.29 and its 200 day moving average is $3,190.70. AutoZone, Inc. has a 52 week low of $2,680.96 and a 52 week high of $3,484.42. The company has a market cap of $57.65 billion, a price-to-earnings ratio of 22.96, a PEG ratio of 1.92 and a beta of 0.70.

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