AutoZone, Inc. (NYSE:AZO) Shares Acquired by Great Lakes Retirement Inc.

Great Lakes Retirement Inc. boosted its stake in AutoZone, Inc. (NYSE:AZO) by 6.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 441 shares of the company’s stock after purchasing an additional 28 shares during the period. Great Lakes Retirement Inc.’s holdings in AutoZone were worth $1,414,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in AZO. Capital Performance Advisors LLP acquired a new position in shares of AutoZone in the third quarter valued at approximately $36,000. Carolina Wealth Advisors LLC purchased a new position in AutoZone in the 3rd quarter valued at $47,000. Darwin Wealth Management LLC purchased a new stake in AutoZone in the 3rd quarter valued at approximately $47,000. Crews Bank & Trust acquired a new position in AutoZone during the 4th quarter worth approximately $61,000. Finally, McIlrath & Eck LLC lifted its holdings in shares of AutoZone by 25.0% in the 3rd 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 period. 92.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AZO has been the subject of a number of recent analyst reports. BMO Capital Markets began coverage on AutoZone in a report on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 target price for the company. Wells Fargo & Company lifted their price objective on 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 increased their target price on AutoZone from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Truist Financial boosted their price target on AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Argus increased their price objective 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $3,429.84.

AutoZone Trading Up 0.6 %

Shares of AZO stock opened at $3,448.45 on Wednesday. The company has a market cap of $57.87 billion, a PE ratio of 23.04, a P/E/G ratio of 1.92 and a beta of 0.70. The company’s fifty day simple moving average is $3,297.17 and its 200-day simple moving average is $3,188.22. AutoZone, Inc. has a 52 week low of $2,672.31 and a 52 week high of $3,484.42.

AutoZone (NYSE:AZO) last issued its quarterly earnings data 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 negative return on equity of 53.89% and a net margin of 14.18%. The company had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the prior year, the firm earned $32.55 EPS. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts expect that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

About AutoZone

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.