AutoZone, Inc. (NYSE:AZO) Position Increased by L.M. Kohn & Company

L.M. Kohn & Company raised its stake in AutoZone, Inc. (NYSE:AZO) by 29.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 133 shares of the company’s stock after buying an additional 30 shares during the quarter. L.M. Kohn & Company’s holdings in AutoZone were worth $426,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in AutoZone in the 3rd quarter valued at about $36,000. Carolina Wealth Advisors LLC bought a new stake in shares of AutoZone during the third quarter valued at approximately $47,000. Darwin Wealth Management LLC bought a new stake in shares of AutoZone during the third quarter valued at approximately $47,000. Crews Bank & Trust bought a new stake in shares of AutoZone during the fourth quarter valued at approximately $61,000. Finally, McIlrath & Eck LLC raised its holdings 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 last quarter. 92.74% of the stock is currently owned by institutional investors.

AutoZone Stock Performance

AutoZone stock opened at $3,461.94 on Friday. AutoZone, Inc. has a 52 week low of $2,680.96 and a 52 week high of $3,484.42. The firm has a market capitalization of $58.09 billion, a price-to-earnings ratio of 23.13, a P/E/G ratio of 1.92 and a beta of 0.70. The company has a 50 day moving average price of $3,315.89 and a 200 day moving average price of $3,197.01.

AutoZone (NYSE:AZO) last issued 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 analysts’ expectations of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $32.55 EPS. Equities analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on AZO shares. Argus lifted their target price on AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. 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. Evercore ISI boosted 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 report on Wednesday, December 11th. Guggenheim boosted their price target on shares of AutoZone from $3,350.00 to $3,750.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, Truist Financial boosted their target price on AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $3,429.84.

AutoZone 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.