Advisor OS LLC Boosts Stake in AutoZone, Inc. (NYSE:AZO)

Advisor OS LLC grew its position in shares of AutoZone, Inc. (NYSE:AZOFree Report) by 4.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 118 shares of the company’s stock after acquiring an additional 5 shares during the period. Advisor OS LLC’s holdings in AutoZone were worth $378,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Strategic Financial Concepts LLC purchased a new stake in shares of AutoZone in the 4th quarter worth approximately $471,629,000. The Manufacturers Life Insurance Company grew its stake in shares of AutoZone by 186.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company’s stock worth $292,544,000 after buying an additional 60,483 shares during the last quarter. Canoe Financial LP grew its stake in shares of AutoZone by 542.8% in the 4th quarter. Canoe Financial LP now owns 62,471 shares of the company’s stock worth $200,032,000 after buying an additional 52,753 shares during the last quarter. Baillie Gifford & Co. grew its stake in shares of AutoZone by 35.6% in the 4th quarter. Baillie Gifford & Co. now owns 163,089 shares of the company’s stock worth $522,211,000 after buying an additional 42,776 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC purchased a new stake in shares of AutoZone in the 3rd quarter worth approximately $85,127,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Stock Performance

NYSE AZO opened at $3,448.29 on Friday. The company has a market capitalization of $57.86 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 1.86 and a beta of 0.70. The business’s fifty day moving average is $3,332.11 and its 200 day moving average is $3,214.44. AutoZone, Inc. has a fifty-two week low of $2,728.97 and a fifty-two week high of $3,484.42.

AutoZone (NYSE:AZOGet Free Report) last released 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 company had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. AutoZone’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $32.55 earnings per share. On average, sell-side analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AZO shares. Guggenheim upped their price objective on AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. BMO Capital Markets started coverage on AutoZone in a research report on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 price objective on the stock. Truist Financial upped their price objective on AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Argus upped their price objective on AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Finally, Barclays upped their price objective on AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $3,429.84.

Check Out Our Latest Report on AutoZone

AutoZone Profile

(Free Report)

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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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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