Lester Murray Antman dba SimplyRich Purchases 8 Shares of AutoZone, Inc. (NYSE:AZO)

Lester Murray Antman dba SimplyRich grew its position in AutoZone, Inc. (NYSE:AZO) by 6.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 135 shares of the company’s stock after buying an additional 8 shares during the period. Lester Murray Antman dba SimplyRich’s holdings in AutoZone were worth $432,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in AutoZone during the 3rd quarter worth $36,000. Carolina Wealth Advisors LLC purchased a new stake in shares of AutoZone during the third quarter worth about $47,000. Darwin Wealth Management LLC purchased a new stake in shares of AutoZone during the third quarter worth about $47,000. Crews Bank & Trust acquired a new position in shares of AutoZone during the fourth quarter valued at about $61,000. Finally, McIlrath & Eck LLC raised its position in shares of 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. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Stock Up 0.6 %

Shares of AutoZone stock opened at $3,448.45 on Wednesday. The firm has a market cap of $57.87 billion, a PE ratio of 23.04, a P/E/G ratio of 1.92 and a beta of 0.70. AutoZone, Inc. has a twelve month low of $2,672.31 and a twelve month high of $3,484.42. The business has a 50-day moving average price of $3,297.17 and a 200 day moving average price of $3,188.22.

AutoZone (NYSE:AZO) last posted 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). 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 during the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter last year, the firm earned $32.55 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, sell-side analysts expect that AutoZone, Inc. will post 152.94 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Truist Financial boosted their target price on shares of AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. TD Cowen boosted their price objective 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. BMO Capital Markets assumed coverage on AutoZone in a research note on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 target price for the company. Roth Mkm reiterated a “buy” rating and set a $3,634.00 price target on shares of AutoZone in a research note on Wednesday, October 16th. Finally, Citigroup increased their price objective on AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.