Arkadios Wealth Advisors Purchases 25 Shares of AutoZone, Inc. (NYSE:AZO)

Arkadios Wealth Advisors raised its holdings in AutoZone, Inc. (NYSE:AZO) by 3.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 782 shares of the company’s stock after buying an additional 25 shares during the period. Arkadios Wealth Advisors’ holdings in AutoZone were worth $2,319,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in AZO. Boston Partners increased its stake in AutoZone by 1.7% in the 1st quarter. Boston Partners now owns 382,169 shares of the company’s stock valued at $1,202,596,000 after buying an additional 6,226 shares during the last quarter. PineStone Asset Management Inc. boosted its position in AutoZone by 137.6% during the second quarter. PineStone Asset Management Inc. now owns 310,043 shares of the company’s stock worth $918,998,000 after purchasing an additional 179,543 shares during the period. Norges Bank purchased a new position in shares of AutoZone in the fourth quarter worth about $678,350,000. Parnassus Investments LLC raised its position in shares of AutoZone by 32.0% in the fourth quarter. Parnassus Investments LLC now owns 243,571 shares of the company’s stock valued at $629,780,000 after purchasing an additional 58,989 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of AutoZone by 11.8% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 212,831 shares of the company’s stock valued at $550,296,000 after buying an additional 22,507 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AZO shares. Wolfe Research lowered their target price on shares of AutoZone from $3,150.00 to $3,000.00 and set an “outperform” rating on the stock in a report on Wednesday, May 22nd. Barclays cut their price objective on shares of AutoZone from $3,100.00 to $3,024.00 and set an “overweight” rating for the company in a research report on Thursday, May 23rd. Wedbush reaffirmed an “outperform” rating and set a $3,200.00 target price on shares of AutoZone in a report on Wednesday, July 10th. Truist Financial cut their price target on shares of AutoZone from $3,523.00 to $3,394.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. Finally, UBS Group decreased their price target on shares of AutoZone from $3,465.00 to $3,340.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $3,112.71.

AutoZone Price Performance

NYSE AZO traded up $8.03 during trading hours on Thursday, hitting $3,204.73. The company’s stock had a trading volume of 90,385 shares, compared to its average volume of 142,422. AutoZone, Inc. has a 12 month low of $2,375.35 and a 12 month high of $3,256.37. The company’s 50 day simple moving average is $3,027.23 and its two-hundred day simple moving average is $2,975.98. The company has a market cap of $54.75 billion, a P/E ratio of 22.11, a price-to-earnings-growth ratio of 1.58 and a beta of 0.71.

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.