AutoZone, Inc. (NYSE:AZO) Shares Sold by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT decreased its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 0.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,062 shares of the company’s stock after selling 8 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in AutoZone were worth $19,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of AZO. Capital Performance Advisors LLP acquired a new stake in shares of AutoZone in the third quarter valued at approximately $36,000. Darwin Wealth Management LLC purchased a new stake in AutoZone during the 3rd quarter worth about $47,000. Crews Bank & Trust purchased a new stake in shares of AutoZone during the 4th quarter worth $61,000. McIlrath & Eck LLC increased its stake in 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 last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of AutoZone in the 3rd quarter valued at about $66,000. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

AutoZone Stock Up 0.4 %

Shares of AZO stock opened at $3,408.52 on Friday. The firm has a market cap of $57.19 billion, a PE ratio of 22.77, a P/E/G ratio of 1.87 and a beta of 0.70. AutoZone, Inc. has a 12 month low of $2,680.96 and a 12 month high of $3,484.42. The company’s fifty day simple moving average is $3,321.68 and its 200-day simple moving average is $3,204.55.

AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 EPS for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The firm had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the prior year, the business earned $32.55 EPS. The business’s revenue was up 2.1% compared to the same quarter last year. On average, equities analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on AZO shares. Mizuho boosted their target price on shares of AutoZone from $3,350.00 to $3,600.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. BMO Capital Markets started coverage on AutoZone in a research note on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 price target on the stock. Truist Financial lifted their price objective on AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Citigroup lifted their price objective on AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Argus boosted their target price on shares of AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AutoZone has a consensus rating of “Moderate Buy” and a consensus target price of $3,429.84.

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.