L.M. Kohn & Company Grows Stock Position in AutoZone, Inc. (NYSE:AZO)

L.M. Kohn & Company lifted its stake in shares of AutoZone, Inc. (NYSE:AZO) by 29.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133 shares of the company’s stock after acquiring an additional 30 shares during the period. L.M. Kohn & Company’s holdings in AutoZone were worth $426,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in AutoZone during the third quarter worth approximately $36,000. Carolina Wealth Advisors LLC purchased a new position in shares of AutoZone in the 3rd quarter worth $47,000. Darwin Wealth Management LLC purchased a new position in shares of AutoZone in the 3rd quarter worth $47,000. Crews Bank & Trust purchased a new position in shares of AutoZone in the 4th quarter worth $61,000. Finally, McIlrath & Eck LLC raised its position in shares of AutoZone by 25.0% in the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after buying an additional 4 shares during the period. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

AutoZone Stock Performance

Shares of AutoZone stock opened at $3,461.94 on Friday. The firm has a market cap of $58.09 billion, a PE ratio of 23.13, a price-to-earnings-growth ratio of 1.92 and a beta of 0.70. The firm’s 50-day simple moving average is $3,315.89 and its 200-day simple moving average is $3,197.01. AutoZone, Inc. has a 1 year low of $2,680.96 and a 1 year high of $3,484.42.

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

Analysts Set New Price Targets

AZO has been the topic of a number of research reports. Wells Fargo & Company raised their price objective on AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Mizuho raised their price target on shares of AutoZone from $3,350.00 to $3,600.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. TD Cowen raised their price target on shares of AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a report on Monday, December 16th. Argus raised their target price on shares of AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Finally, Citigroup raised 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, AutoZone presently 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.