Reliant Investment Management LLC Has $208,000 Stock Position in AutoZone, Inc. (NYSE:AZO)

Reliant Investment Management LLC decreased its position in AutoZone, Inc. (NYSE:AZO) by 13.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 65 shares of the company’s stock after selling 10 shares during the period. Reliant Investment Management LLC’s holdings in AutoZone were worth $208,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in shares of AutoZone in the 3rd quarter valued at $36,000. Carolina Wealth Advisors LLC acquired a new position in shares of AutoZone in the 3rd quarter valued at $47,000. Darwin Wealth Management LLC acquired a new position in shares of AutoZone in the 3rd quarter valued at $47,000. McIlrath & Eck LLC grew 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 buying an additional 4 shares during the period. Finally, Ashton Thomas Securities LLC bought a new stake in AutoZone in the 3rd quarter valued at $66,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

Analyst Upgrades and Downgrades

AZO has been the topic of several research reports. Roth Mkm reaffirmed a “buy” rating and issued a $3,634.00 price objective on shares of AutoZone in a research report on Wednesday, October 16th. Truist Financial boosted 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. Evercore ISI boosted their price target on shares of AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Barclays boosted their price target on shares of AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Finally, Morgan Stanley boosted their price target on shares of AutoZone from $3,038.00 to $3,125.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, AutoZone currently has a consensus rating of “Moderate Buy” and a consensus target price of $3,429.84.

AutoZone Stock Performance

Shares of AZO opened at $3,221.06 on Tuesday. AutoZone, Inc. has a 52 week low of $2,658.18 and a 52 week high of $3,416.71. The firm has a market cap of $54.05 billion, a P/E ratio of 21.52, a price-to-earnings-growth ratio of 1.80 and a beta of 0.71. The firm’s 50-day simple moving average is $3,222.90 and its 200 day simple moving average is $3,136.66.

AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 EPS for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The company had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter last year, the company posted $32.55 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, equities analysts forecast that AutoZone, Inc. will post 153.09 earnings per share for the current year.

AutoZone 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.