AutoZone, Inc. (NYSE:AZO) Shares Purchased by Ellsworth Advisors LLC

Ellsworth Advisors LLC boosted its stake in AutoZone, Inc. (NYSE:AZO) by 34.6% in the 4th quarter, Holdings Channel reports. The firm owned 105 shares of the company’s stock after purchasing an additional 27 shares during the period. Ellsworth Advisors LLC’s holdings in AutoZone were worth $336,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new position in shares of AutoZone in the third quarter worth $36,000. Carolina Wealth Advisors LLC acquired a new position in shares of AutoZone in 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. McIlrath & Eck LLC grew its stake in shares of AutoZone by 25.0% in the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after acquiring an additional 4 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in shares of AutoZone during the third quarter worth $66,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Price Performance

NYSE:AZO opened at $3,221.06 on Tuesday. The firm’s fifty day moving average price is $3,222.90 and its 200 day moving average price is $3,136.66. AutoZone, Inc. has a 1-year low of $2,658.18 and a 1-year high of $3,416.71. The firm has a market cap of $54.05 billion, a price-to-earnings ratio of 21.52, a price-to-earnings-growth ratio of 1.80 and a beta of 0.71.

AutoZone (NYSE:AZO) last posted its quarterly earnings data 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 net margin of 14.18% and a negative return on equity of 53.89%. The firm had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter last year, the business earned $32.55 earnings per share. The business’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, analysts expect that AutoZone, Inc. will post 153.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AZO has been the subject of a number of analyst reports. Guggenheim boosted their target price on shares of AutoZone from $3,350.00 to $3,750.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Morgan Stanley boosted their target price on shares of AutoZone from $3,038.00 to $3,125.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. DA Davidson reiterated a “neutral” rating and set a $3,025.00 target price on shares of AutoZone in a research note on Monday, September 30th. Roth Mkm reiterated a “buy” rating and set a $3,634.00 target price on shares of AutoZone in a research note on Wednesday, October 16th. Finally, Mizuho boosted their target price on shares of AutoZone from $3,350.00 to $3,600.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. 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 issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $3,429.84.

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.