AutoZone, Inc. (NYSE:AZO) Stake Lifted by Freedom Day Solutions LLC

Freedom Day Solutions LLC increased its stake in AutoZone, Inc. (NYSE:AZO) by 11.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 925 shares of the company’s stock after acquiring an additional 92 shares during the period. AutoZone makes up approximately 0.9% of Freedom Day Solutions LLC’s investment portfolio, making the stock its 28th biggest position. Freedom Day Solutions LLC’s holdings in AutoZone were worth $2,962,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in shares of AutoZone in the third quarter valued at approximately $36,000. Darwin Wealth Management LLC bought a new position in shares of AutoZone in the third quarter valued at approximately $47,000. Crews Bank & Trust bought a new position in shares of AutoZone in the fourth quarter valued at approximately $61,000. McIlrath & Eck LLC boosted its holdings in shares of AutoZone by 25.0% in the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after acquiring an additional 4 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in shares of AutoZone in the third quarter valued at approximately $66,000. 92.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AZO. BMO Capital Markets began coverage on shares of AutoZone in a report on Friday, December 13th. They set an “outperform” rating and a $3,700.00 target price for the company. Argus raised their target price on shares of AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Truist Financial raised their target price on shares of AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Citigroup raised their target price on shares of AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Barclays raised their target price on shares of AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $3,429.84.

AutoZone Stock Up 0.4 %

AZO stock opened at $3,398.16 on Thursday. AutoZone, Inc. has a 12-month low of $2,680.96 and a 12-month high of $3,484.42. The company has a market cap of $57.02 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 1.91 and a beta of 0.70. The company has a 50 day moving average of $3,320.42 and a two-hundred day moving average of $3,203.12.

AutoZone (NYSE:AZO) last released 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). The business had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $32.55 EPS. On average, research analysts anticipate that AutoZone, Inc. will post 152.94 EPS for the current year.

AutoZone Company 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.