Rappaport Reiches Capital Management LLC Makes New $202,000 Investment in AutoZone, Inc. (NYSE:AZO)

Rappaport Reiches Capital Management LLC bought a new stake in shares of AutoZone, Inc. (NYSE:AZO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 63 shares of the company’s stock, valued at approximately $202,000.

Other large investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in AutoZone during the 3rd quarter valued at approximately $36,000. Carolina Wealth Advisors LLC purchased a new stake in shares of AutoZone in the third quarter worth $47,000. Darwin Wealth Management LLC purchased a new stake in shares of AutoZone in the third quarter worth $47,000. McIlrath & Eck LLC increased its holdings 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 in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in shares of AutoZone in the 3rd quarter worth about $66,000. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

AutoZone Trading Up 1.4 %

AZO opened at $3,371.06 on Friday. The company’s 50 day moving average is $3,229.64 and its 200 day moving average is $3,144.01. The company has a market cap of $56.57 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 1.84 and a beta of 0.71. AutoZone, Inc. has a 12-month low of $2,672.31 and a 12-month high of $3,416.71.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share for the quarter, missing the consensus estimate of $33.69 by ($1.17). The business had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.30 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $32.55 EPS. As a group, analysts predict that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AZO has been the topic of several recent analyst reports. Truist Financial increased their price objective on shares of AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Argus increased their price target on shares of AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Citigroup boosted their price objective on shares of AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. 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, DA Davidson reissued a “neutral” rating and issued a $3,025.00 target price on shares of AutoZone in a report on Monday, September 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $3,429.84.

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.