KFG Wealth Management LLC Boosts Stock Position in AutoZone, Inc. (NYSE:AZO)

KFG Wealth Management LLC increased its holdings in AutoZone, Inc. (NYSE:AZO) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 166 shares of the company’s stock after purchasing an additional 5 shares during the quarter. KFG Wealth Management LLC’s holdings in AutoZone were worth $532,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in shares of AutoZone during the third quarter worth about $36,000. Carolina Wealth Advisors LLC purchased a new stake in AutoZone in the third quarter worth $47,000. Darwin Wealth Management LLC bought a new stake in AutoZone in the third quarter valued at $47,000. McIlrath & Eck LLC increased its position in AutoZone by 25.0% during the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after purchasing an additional 4 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of AutoZone in the 3rd quarter worth about $66,000. 92.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AZO has been the topic of several research reports. Barclays lifted their price objective on AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Evercore ISI boosted their price objective on shares of AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. DA Davidson reaffirmed a “neutral” rating and set a $3,025.00 price objective on shares of AutoZone in a research report on Monday, September 30th. TD Cowen increased their target price on AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Finally, Truist Financial upped their target price on shares of AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. One equities 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 assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $3,429.84.

AutoZone Price Performance

Shares of AutoZone stock opened at $3,328.28 on Friday. The company’s fifty day simple moving average is $3,238.73 and its 200-day simple moving average is $3,149.01. AutoZone, Inc. has a 1-year low of $2,672.31 and a 1-year high of $3,416.71. The stock has a market capitalization of $55.85 billion, a PE ratio of 22.24, a P/E/G ratio of 1.84 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). The company 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%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $32.55 earnings per share. As a group, research analysts anticipate that AutoZone, Inc. will post 152.94 EPS for the current 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.