AutoZone, Inc. (NYSE:AZO) Position Lifted by Threadgill Financial LLC

Threadgill Financial LLC grew its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,875 shares of the company’s stock after buying an additional 19 shares during the quarter. AutoZone accounts for 10.0% of Threadgill Financial LLC’s portfolio, making the stock its 2nd largest position. Threadgill Financial LLC’s holdings in AutoZone were worth $18,812,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Capital Performance Advisors LLP purchased a new stake in shares of AutoZone during the 3rd quarter valued at about $36,000. Meeder Asset Management Inc. grew its position in AutoZone by 50.0% in the second quarter. Meeder Asset Management Inc. now owns 15 shares of the company’s stock valued at $44,000 after acquiring an additional 5 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new stake in shares of AutoZone during the third quarter valued at approximately $47,000. Darwin Wealth Management LLC acquired a new position in shares of AutoZone during the third quarter worth $47,000. Finally, McIlrath & Eck LLC boosted its stake 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 purchasing an additional 4 shares during the period. Institutional investors and hedge funds own 92.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Evercore ISI lifted their price target on shares of AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Barclays boosted their price target on AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research note on Thursday. Roth Mkm restated a “buy” rating and set a $3,634.00 price objective on shares of AutoZone in a research note on Wednesday, October 16th. Redburn Atlantic raised AutoZone to a “strong-buy” rating in a research report on Tuesday, October 1st. Finally, BMO Capital Markets initiated coverage on shares of 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 issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $3,429.84.

AutoZone Trading Down 1.4 %

Shares of AutoZone stock opened at $3,256.42 on Monday. The stock has a market capitalization of $54.65 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 1.73 and a beta of 0.71. AutoZone, Inc. has a twelve month low of $2,512.61 and a twelve month high of $3,416.71. The business’s 50 day simple moving average is $3,212.55 and its 200-day simple moving average is $3,125.20.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share for the quarter, missing the consensus estimate of $33.69 by ($1.17). The company had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.30 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. AutoZone’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $32.55 earnings per share. Sell-side analysts predict that AutoZone, Inc. will post 154.29 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.