Advisor OS LLC Buys 5 Shares of AutoZone, Inc. (NYSE:AZO)

Advisor OS LLC boosted its stake in shares of AutoZone, Inc. (NYSE:AZO) by 4.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 118 shares of the company’s stock after acquiring an additional 5 shares during the quarter. Advisor OS LLC’s holdings in AutoZone were worth $378,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Pittenger & Anderson Inc. boosted its position in shares of AutoZone by 5.2% during the fourth quarter. Pittenger & Anderson Inc. now owns 61 shares of the company’s stock valued at $195,000 after buying an additional 3 shares during the period. Allworth Financial LP boosted its position in shares of AutoZone by 5.0% during the third quarter. Allworth Financial LP now owns 84 shares of the company’s stock valued at $265,000 after buying an additional 4 shares during the period. Axxcess Wealth Management LLC boosted its position in shares of AutoZone by 1.5% during the third quarter. Axxcess Wealth Management LLC now owns 267 shares of the company’s stock valued at $841,000 after buying an additional 4 shares during the period. Moors & Cabot Inc. boosted its position in shares of AutoZone by 4.2% during the third quarter. Moors & Cabot Inc. now owns 99 shares of the company’s stock valued at $312,000 after buying an additional 4 shares during the period. Finally, McIlrath & Eck LLC boosted its position 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 buying an additional 4 shares during the period. 92.74% of the stock is owned by institutional investors.

AutoZone Trading Up 1.6 %

Shares of AZO stock opened at $3,448.29 on Friday. The business’s fifty day simple moving average is $3,332.11 and its 200-day simple moving average is $3,214.44. The company has a market cap of $57.86 billion, a PE ratio of 23.04, a PEG ratio of 1.86 and a beta of 0.70. AutoZone, Inc. has a 12-month low of $2,728.97 and a 12-month high of $3,484.42.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share (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 negative return on equity of 53.89% and a net margin of 14.18%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $32.55 earnings per share. On average, equities analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Mizuho boosted their target price on AutoZone from $3,350.00 to $3,600.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Wells Fargo & Company boosted their price target on AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Argus boosted their price target on AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Truist Financial boosted their price target on AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, Citigroup boosted their price target 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 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 assigned a strong buy rating to the stock. According to MarketBeat, AutoZone presently has a consensus rating of “Moderate Buy” and an average target price 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.