153 Shares in AutoZone, Inc. (NYSE:AZO) Bought by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC bought a new position in AutoZone, Inc. (NYSE:AZO) in the 4th quarter, HoldingsChannel.com reports. The firm bought 153 shares of the company’s stock, valued at approximately $489,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AZO. Capital Performance Advisors LLP acquired a new position in AutoZone during the third quarter worth $36,000. Carolina Wealth Advisors LLC acquired a new position in AutoZone during the third quarter worth $47,000. Darwin Wealth Management LLC acquired a new position in AutoZone during the third quarter worth $47,000. Crews Bank & Trust acquired a new position in AutoZone during the fourth quarter worth $61,000. Finally, McIlrath & Eck LLC raised its stake in AutoZone by 25.0% during the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after acquiring an additional 4 shares in the last quarter. 92.74% of the stock is owned by institutional investors.

AutoZone Trading Down 0.2 %

Shares of AZO opened at $3,461.94 on Monday. AutoZone, Inc. has a 1 year low of $2,680.96 and a 1 year high of $3,484.42. The stock has a market cap of $58.10 billion, a P/E ratio of 23.13, a price-to-earnings-growth ratio of 1.92 and a beta of 0.70. The stock’s 50-day moving average price is $3,315.89 and its two-hundred day moving average price is $3,197.63.

AutoZone (NYSE:AZO) last released its quarterly earnings data 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). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The business had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter last year, the firm earned $32.55 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current year.

Wall Street Analyst Weigh In

AZO has been the subject of a number of research reports. Truist Financial raised their target price 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. Barclays raised their target price on AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Guggenheim raised their target price on AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Wells Fargo & Company raised their target price on AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Finally, TD Cowen raised their target price on AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.