Advisor OS LLC Has $347,000 Stake in AutoZone, Inc. (NYSE:AZO)

Advisor OS LLC grew its holdings in AutoZone, Inc. (NYSE:AZO) by 10.4% in the second quarter, Holdings Channel.com reports. The firm owned 117 shares of the company’s stock after purchasing an additional 11 shares during the period. Advisor OS LLC’s holdings in AutoZone were worth $347,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Rise Advisors LLC purchased a new stake in AutoZone in the 1st quarter worth approximately $32,000. Riverview Trust Co purchased a new position in shares of AutoZone during the 1st quarter valued at $41,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of AutoZone during the 2nd quarter valued at $50,000. ORG Partners LLC purchased a new position in shares of AutoZone during the 2nd quarter valued at $50,000. Finally, Private Wealth Management Group LLC purchased a new position in shares of AutoZone during the 4th quarter valued at $54,000. 92.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on AZO shares. Truist Financial reduced their price objective on shares of AutoZone from $3,523.00 to $3,394.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd. Wolfe Research reduced their price objective on shares of AutoZone from $3,150.00 to $3,000.00 and set an “outperform” rating for the company in a research note on Wednesday, May 22nd. Citigroup cut their target price on shares of AutoZone from $3,420.00 to $3,250.00 and set a “buy” rating for the company in a research report on Wednesday, May 22nd. Guggenheim boosted their target price on shares of AutoZone from $3,150.00 to $3,225.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Finally, Wedbush reissued an “outperform” rating and set a $3,200.00 target price on shares of AutoZone in a research report on Wednesday, July 10th. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $3,112.71.

AutoZone Price Performance

Shares of AutoZone stock opened at $3,092.56 on Friday. The firm has a market cap of $52.83 billion, a P/E ratio of 21.39, a P/E/G ratio of 1.60 and a beta of 0.71. The firm has a 50 day simple moving average of $3,058.29 and a 200 day simple moving average of $2,998.94. AutoZone, Inc. has a fifty-two week low of $2,375.35 and a fifty-two week high of $3,256.37.

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.