Great Diamond Partners LLC Decreases Stock Position in AutoZone, Inc. (NYSE:AZO)

Great Diamond Partners LLC reduced its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 101 shares of the company’s stock after selling 6 shares during the quarter. Great Diamond Partners LLC’s holdings in AutoZone were worth $323,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Capital Performance Advisors LLP purchased a new position in shares of AutoZone during the 3rd quarter worth approximately $36,000. Carolina Wealth Advisors LLC purchased a new position in AutoZone during the third quarter worth $47,000. Darwin Wealth Management LLC acquired a new position in shares of AutoZone in the third quarter worth $47,000. Crews Bank & Trust acquired a new position in shares of AutoZone in the fourth quarter worth $61,000. Finally, McIlrath & Eck LLC boosted its stake in shares of AutoZone by 25.0% during the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after acquiring an additional 4 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AZO. Citigroup boosted their target price on shares of AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. The Goldman Sachs Group lowered shares of AutoZone from a “buy” rating to a “sell” rating and cut their price objective for the company from $3,205.00 to $2,917.00 in a research report on Monday, October 14th. TD Cowen raised their target price on shares of AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Truist Financial boosted their price target on AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, Barclays increased their price target on AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, AutoZone has a consensus rating of “Moderate Buy” and an average price target of $3,429.84.

AutoZone Stock Up 0.1 %

Shares of AZO stock opened at $3,354.35 on Friday. AutoZone, Inc. has a fifty-two week low of $2,672.31 and a fifty-two week high of $3,437.63. The firm’s 50 day moving average price is $3,258.16 and its two-hundred day moving average price is $3,162.04. The stock has a market cap of $56.29 billion, a price-to-earnings ratio of 22.41, a price-to-earnings-growth ratio of 1.83 and a beta of 0.71.

AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share 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 business had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period last year, the company posted $32.55 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities analysts forecast 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.