Concurrent Investment Advisors LLC Grows Stock Holdings in AutoZone, Inc. (NYSE:AZO)

Concurrent Investment Advisors LLC grew its holdings in AutoZone, Inc. (NYSE:AZO) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 213 shares of the company’s stock after purchasing an additional 4 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in AutoZone were worth $682,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Pittenger & Anderson Inc. raised its position in shares of AutoZone by 5.2% during the 4th quarter. Pittenger & Anderson Inc. now owns 61 shares of the company’s stock valued at $195,000 after buying an additional 3 shares during the period. Allworth Financial LP raised its position in shares of AutoZone by 5.0% during the 3rd quarter. Allworth Financial LP now owns 84 shares of the company’s stock valued at $265,000 after buying an additional 4 shares during the period. IVC Wealth Advisors LLC raised its position in shares of AutoZone by 4.4% during the 3rd quarter. IVC Wealth Advisors LLC now owns 95 shares of the company’s stock valued at $299,000 after buying an additional 4 shares during the period. Axxcess Wealth Management LLC raised its position in shares of AutoZone by 1.5% during the 3rd quarter. Axxcess Wealth Management LLC now owns 267 shares of the company’s stock valued at $841,000 after buying an additional 4 shares during the period. Finally, Moors & Cabot Inc. raised its position in shares of AutoZone by 4.2% during the 3rd quarter. Moors & Cabot Inc. now owns 99 shares of the company’s stock valued at $312,000 after buying an additional 4 shares during the period. 92.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AZO. Argus lifted their price target on shares of AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Citigroup lifted their target price on shares of AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. TD Cowen lifted their target price on shares of AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a report on Monday, December 16th. Mizuho lifted their target price on shares of AutoZone from $3,350.00 to $3,600.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, Wells Fargo & Company lifted their target price on shares of AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $3,429.84.

AutoZone Trading Down 1.2 %

Shares of AZO stock opened at $3,366.15 on Monday. The company has a market cap of $56.48 billion, a P/E ratio of 22.49, a PEG ratio of 1.88 and a beta of 0.70. The firm has a fifty day moving average price of $3,321.62 and a 200 day moving average price of $3,207.75. AutoZone, Inc. has a 12 month low of $2,708.09 and a 12 month high of $3,484.42.

AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $33.69 by ($1.17). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period in the prior year, the company posted $32.55 earnings per share. The company’s revenue was up 2.1% compared to the same quarter last year. On average, equities analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current year.

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.