AutoZone, Inc. (NYSE:AZO) Stock Holdings Lifted by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC boosted its position in AutoZone, Inc. (NYSE:AZO) by 15.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 200 shares of the company’s stock after purchasing an additional 27 shares during the quarter. Smartleaf Asset Management LLC’s holdings in AutoZone were worth $637,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in AutoZone in the 3rd quarter valued at about $36,000. Darwin Wealth Management LLC bought a new stake in AutoZone in the 3rd quarter valued at about $47,000. Crews Bank & Trust bought a new stake in AutoZone in the 4th quarter valued at about $61,000. 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 valued at $63,000 after purchasing an additional 4 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in AutoZone in the 3rd quarter valued at about $66,000. 92.74% of the stock is currently owned by institutional investors.

AutoZone Price Performance

Shares of AZO opened at $3,471.00 on Tuesday. AutoZone, Inc. has a one year low of $2,728.97 and a one year high of $3,519.00. The company has a 50-day moving average of $3,341.31 and a two-hundred day moving average of $3,219.44. The stock has a market cap of $58.25 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 1.86 and a beta of 0.70.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, December 10th. The company reported $32.52 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 firm had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the previous year, the business earned $32.55 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. Analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Truist Financial raised their target price on shares of AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. BMO Capital Markets assumed coverage on shares of AutoZone in a research note on Friday, December 13th. They set an “outperform” rating and a $3,700.00 target price on the stock. Wells Fargo & Company raised their target price on shares of AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Barclays raised their target price on shares of AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Finally, Evercore ISI raised 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 note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, AutoZone presently has a consensus rating of “Moderate Buy” and a consensus target price of $3,442.61.

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.