AutoZone, Inc. (NYSE:AZO) Stock Holdings Increased by Red Door Wealth Management LLC

Red Door Wealth Management LLC lifted its stake in AutoZone, Inc. (NYSE:AZO) by 3.0% in the fourth quarter, HoldingsChannel reports. The fund owned 3,577 shares of the company’s stock after purchasing an additional 105 shares during the quarter. AutoZone makes up 1.8% of Red Door Wealth Management LLC’s holdings, making the stock its 12th largest holding. Red Door Wealth Management LLC’s holdings in AutoZone were worth $11,454,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AZO. Capital Performance Advisors LLP acquired a new stake in AutoZone during the third quarter valued at approximately $36,000. Carolina Wealth Advisors LLC acquired a new stake in shares of AutoZone in the third quarter worth $47,000. Darwin Wealth Management LLC purchased a new position in AutoZone during the 3rd quarter valued at about $47,000. McIlrath & Eck LLC lifted its position in AutoZone by 25.0% in the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after buying an additional 4 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in AutoZone during the third quarter valued at $66,000. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on AZO shares. Mizuho upped their price objective on shares of AutoZone from $3,350.00 to $3,600.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Barclays boosted their target price on shares of AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Roth Mkm reaffirmed a “buy” rating and issued a $3,634.00 price target on shares of AutoZone in a report on Wednesday, October 16th. Roth Capital upgraded shares of AutoZone to a “strong-buy” rating in a research note on Tuesday, October 15th. Finally, 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 for the company. 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 stock. According to data from MarketBeat.com, AutoZone has a consensus rating of “Moderate Buy” and a consensus target price of $3,429.84.

AutoZone Price Performance

NYSE AZO opened at $3,371.06 on Friday. The stock’s 50-day moving average is $3,229.64 and its 200-day moving average is $3,144.01. AutoZone, Inc. has a one year low of $2,672.31 and a one year high of $3,416.71. The firm has a market cap of $56.57 billion, a P/E ratio of 22.52, a P/E/G ratio of 1.82 and a beta of 0.71.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 EPS for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). The company 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%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $32.55 earnings per share. Equities analysts anticipate that AutoZone, Inc. will post 152.94 EPS for the current year.

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.