Impact Investors Inc Makes New $554,000 Investment in AutoZone, Inc. (NYSE:AZO)

Impact Investors Inc acquired a new stake in 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 fund acquired 173 shares of the company’s stock, valued at approximately $554,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in AutoZone in the 3rd quarter valued at about $36,000. Darwin Wealth Management LLC acquired a new position in AutoZone during the third quarter worth approximately $47,000. Crews Bank & Trust purchased a new position in AutoZone during the fourth quarter worth approximately $61,000. McIlrath & Eck LLC boosted its holdings in shares of AutoZone by 25.0% in 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 last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of AutoZone during the 3rd quarter worth $66,000. 92.74% of the stock is currently owned by institutional investors and hedge funds.

AutoZone Stock Up 0.6 %

AZO stock opened at $3,421.48 on Wednesday. The stock has a market cap of $57.41 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 1.86 and a beta of 0.70. The firm’s 50-day simple moving average is $3,324.46 and its 200 day simple moving average is $3,211.56. AutoZone, Inc. has a fifty-two week low of $2,708.09 and a fifty-two week high of $3,484.42.

AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 EPS for the quarter, missing the consensus estimate of $33.69 by ($1.17). The firm had revenue of $4.28 billion during 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%. AutoZone’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $32.55 EPS. Equities analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Evercore ISI lifted their target price on AutoZone from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. TD Cowen lifted their price objective on AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Wells Fargo & Company boosted their target price on AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. BMO Capital Markets started coverage on shares of AutoZone in a report on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 price target on the stock. Finally, Guggenheim boosted their price objective 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, AutoZone currently has a consensus rating of “Moderate Buy” and a consensus target price 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.