Aaron Wealth Advisors LLC Buys 13 Shares of AutoZone, Inc. (NYSE:AZO)

Aaron Wealth Advisors LLC grew its position in AutoZone, Inc. (NYSE:AZO) by 10.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 135 shares of the company’s stock after acquiring an additional 13 shares during the period. Aaron Wealth Advisors LLC’s holdings in AutoZone were worth $432,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of AZO. Capital Performance Advisors LLP bought a new stake in shares of AutoZone during the third quarter worth about $36,000. Carolina Wealth Advisors LLC acquired a new position in AutoZone in the 3rd quarter valued at approximately $47,000. Darwin Wealth Management LLC bought a new position in shares of AutoZone during the third quarter valued at $47,000. McIlrath & Eck LLC raised its stake in shares of AutoZone by 25.0% during 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 during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in shares of AutoZone during the third quarter worth $66,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

Analyst Upgrades and Downgrades

AZO has been the subject of several analyst reports. Citigroup raised their target price on AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Truist Financial lifted their price objective 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. Evercore ISI increased 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 report on Wednesday, December 11th. Wells Fargo & Company boosted their price target on shares of AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, TD Cowen increased their price objective on shares of AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $3,429.84.

AutoZone Trading Up 0.8 %

Shares of AutoZone stock opened at $3,221.06 on Monday. The company’s 50-day moving average price is $3,222.90 and its 200-day moving average price is $3,134.62. The company has a market cap of $54.05 billion, a price-to-earnings ratio of 21.52, a PEG ratio of 1.80 and a beta of 0.71. AutoZone, Inc. has a 12-month low of $2,658.18 and a 12-month high of $3,416.71.

AutoZone (NYSE:AZO) last announced its quarterly 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). The firm had revenue of $4.28 billion during 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% on a year-over-year basis. During the same period in the previous year, the business earned $32.55 earnings per share. On average, sell-side analysts predict that AutoZone, Inc. will post 153.09 earnings per share for the current 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.