Modera Wealth Management LLC Acquires 6 Shares of AutoZone, Inc. (NYSE:AZO)

Modera Wealth Management LLC increased its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 4.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 146 shares of the company’s stock after purchasing an additional 6 shares during the quarter. Modera Wealth Management LLC’s holdings in AutoZone were worth $468,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in AutoZone in the 3rd quarter valued at $36,000. Darwin Wealth Management LLC acquired a new stake in AutoZone in the 3rd quarter valued at approximately $47,000. Crews Bank & Trust bought a new stake in AutoZone in the 4th quarter valued at approximately $61,000. McIlrath & Eck LLC boosted its position in AutoZone by 25.0% during the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after acquiring an additional 4 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in shares of AutoZone during the 3rd quarter worth approximately $66,000. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Truist Financial increased their target price on shares of AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Argus increased their price objective on shares of AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Mizuho lifted 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. Citigroup upped their target price 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, BMO Capital Markets assumed coverage on AutoZone in a research report on Friday, December 13th. They set an “outperform” rating and a $3,700.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $3,442.61.

AutoZone Stock Performance

NYSE AZO opened at $3,485.50 on Wednesday. The stock has a market cap of $58.49 billion, a PE ratio of 23.29, a P/E/G ratio of 1.86 and a beta of 0.70. The firm has a 50-day moving average of $3,345.35 and a 200-day moving average of $3,221.36. AutoZone, Inc. has a 52-week low of $2,728.97 and a 52-week high of $3,563.57.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, March 4th. The company reported $28.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $29.11 by ($0.82). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. As a group, analysts predict that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

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.