AutoZone, Inc. (NYSE:AZO) Shares Bought by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lifted its stake in shares of AutoZone, Inc. (NYSE:AZO) by 6.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 395 shares of the company’s stock after purchasing an additional 24 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in AutoZone were worth $1,265,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in AZO. Franklin Resources Inc. increased its holdings in AutoZone by 18.1% in the third quarter. Franklin Resources Inc. now owns 44,946 shares of the company’s stock valued at $141,717,000 after buying an additional 6,898 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings 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 acquiring an additional 60,483 shares during the period. Assenagon Asset Management S.A. increased its stake in AutoZone by 29.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 34,808 shares of the company’s stock valued at $111,455,000 after purchasing an additional 7,922 shares in the last quarter. Silverleafe Capital Partners LLC raised its holdings in AutoZone by 1.0% during the fourth quarter. Silverleafe Capital Partners LLC now owns 2,642 shares of the company’s stock worth $8,460,000 after purchasing an additional 26 shares during the last quarter. Finally, Verde Capital Management purchased a new stake in AutoZone during the third quarter worth $1,137,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Stock Up 1.1 %

Shares of NYSE AZO opened at $3,370.37 on Tuesday. The stock has a market capitalization of $56.55 billion, a PE ratio of 22.52, a P/E/G ratio of 1.84 and a beta of 0.71. The firm has a fifty day moving average of $3,238.73 and a 200-day moving average of $3,153.35. AutoZone, Inc. has a 52-week low of $2,672.31 and a 52-week high of $3,437.63.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Truist Financial lifted their price target on AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Citigroup upped their price target 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. The Goldman Sachs Group cut shares of AutoZone from a “buy” rating to a “sell” rating and dropped their price objective for the stock from $3,205.00 to $2,917.00 in a research note on Monday, October 14th. Guggenheim upped their target price on AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, BMO Capital Markets initiated coverage on AutoZone in a research report on Friday, December 13th. They set an “outperform” rating and a $3,700.00 price target for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $3,429.84.

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.