Pittenger & Anderson Inc. Purchases 3 Shares of AutoZone, Inc. (NYSE:AZO)

Pittenger & Anderson Inc. grew its position in AutoZone, Inc. (NYSE:AZO) by 5.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61 shares of the company’s stock after buying an additional 3 shares during the period. Pittenger & Anderson Inc.’s holdings in AutoZone were worth $195,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AZO. Baillie Gifford & Co. boosted its stake in AutoZone by 35.6% in the fourth quarter. Baillie Gifford & Co. now owns 163,089 shares of the company’s stock valued at $522,211,000 after acquiring an additional 42,776 shares in the last quarter. L.M. Kohn & Company boosted its position in shares of AutoZone by 29.1% in the 4th quarter. L.M. Kohn & Company now owns 133 shares of the company’s stock worth $426,000 after purchasing an additional 30 shares in the last quarter. Blue Zone Wealth Advisors LLC grew its stake in AutoZone by 1.1% during the 4th quarter. Blue Zone Wealth Advisors LLC now owns 2,516 shares of the company’s stock worth $8,056,000 after buying an additional 27 shares during the last quarter. Allworth Financial LP increased its position in AutoZone by 15.5% during the 4th quarter. Allworth Financial LP now owns 97 shares of the company’s stock valued at $322,000 after buying an additional 13 shares in the last quarter. Finally, Strategic Financial Concepts LLC purchased a new stake in AutoZone in the fourth quarter valued at about $471,629,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Wall Street Analyst Weigh In

AZO has been the topic of several recent analyst reports. Wells Fargo & Company upped their price objective on shares of AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Evercore ISI upped their price target 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. Truist Financial lifted their price objective on shares of AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Barclays upped their target price 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. Finally, Guggenheim lifted their price target on AutoZone from $3,350.00 to $3,750.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, AutoZone currently has an average rating of “Moderate Buy” and a consensus price target of $3,429.84.

AutoZone Stock Performance

AZO stock opened at $3,461.94 on Tuesday. AutoZone, Inc. has a one year low of $2,680.96 and a one year high of $3,484.42. The firm’s fifty day moving average is $3,315.89 and its 200 day moving average is $3,198.06. The firm has a market cap of $58.09 billion, a PE ratio of 23.13, a P/E/G ratio of 1.92 and a beta of 0.70.

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

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.