Signal Advisors Wealth LLC Grows Position in AutoZone, Inc. (NYSE:AZO)

Signal Advisors Wealth LLC grew its position in AutoZone, Inc. (NYSE:AZO) by 4.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 469 shares of the company’s stock after acquiring an additional 18 shares during the quarter. Signal Advisors Wealth LLC’s holdings in AutoZone were worth $1,501,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in shares of AutoZone in the third quarter valued at approximately $36,000. Meeder Asset Management Inc. raised its position in AutoZone by 50.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 15 shares of the company’s stock worth $44,000 after buying an additional 5 shares during the last quarter. Carolina Wealth Advisors LLC acquired a new stake in shares of AutoZone in the 3rd quarter worth $47,000. Darwin Wealth Management LLC purchased a new stake in shares of AutoZone in the third quarter valued at about $47,000. Finally, McIlrath & Eck LLC increased 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 worth $63,000 after acquiring an additional 4 shares during the period. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AZO has been the topic of several recent analyst reports. Redburn Atlantic upgraded AutoZone to a “strong-buy” rating in a research report on Tuesday, October 1st. The Goldman Sachs Group lowered AutoZone from a “buy” rating to a “sell” rating and dropped their price objective for the stock from $3,205.00 to $2,917.00 in a report on Monday, October 14th. 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 report on Wednesday, December 11th. Barclays increased their price target on shares of AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Finally, Morgan Stanley boosted their price objective on shares of AutoZone from $3,038.00 to $3,125.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, AutoZone currently has an average rating of “Moderate Buy” and an average price target of $3,429.84.

AutoZone Stock Down 0.3 %

Shares of AZO opened at $3,241.18 on Tuesday. AutoZone, Inc. has a fifty-two week low of $2,575.00 and a fifty-two week high of $3,416.71. The company’s fifty day moving average is $3,216.44 and its two-hundred day moving average is $3,127.21. The firm has a market cap of $54.39 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 1.73 and a beta of 0.71.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). The firm had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. AutoZone’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm posted $32.55 EPS. As a group, equities research analysts anticipate that AutoZone, Inc. will post 154.29 earnings per share for the current year.

AutoZone 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.