YHB Investment Advisors Inc. Buys 25 Shares of AutoZone, Inc. (NYSE:AZO)

YHB Investment Advisors Inc. increased its stake in AutoZone, Inc. (NYSE:AZO) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 756 shares of the company’s stock after acquiring an additional 25 shares during the period. YHB Investment Advisors Inc.’s holdings in AutoZone were worth $2,421,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in shares of AutoZone during the third quarter valued at about $36,000. Carolina Wealth Advisors LLC bought a new stake in shares of AutoZone during the 3rd quarter valued at about $47,000. Darwin Wealth Management LLC purchased a new position in shares of AutoZone during the third quarter valued at about $47,000. McIlrath & Eck LLC raised its stake in AutoZone by 25.0% in the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after buying an additional 4 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in AutoZone in the third quarter worth about $66,000. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

AutoZone Stock Performance

Shares of NYSE:AZO opened at $3,370.37 on Tuesday. The firm has a market cap of $56.55 billion, a price-to-earnings ratio of 22.52, a price-to-earnings-growth ratio of 1.84 and a beta of 0.71. The business has a 50-day simple moving average of $3,238.73 and a two-hundred day simple moving average of $3,153.35. AutoZone, Inc. has a fifty-two week low of $2,672.31 and a fifty-two week high of $3,437.63.

AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the previous year, the firm earned $32.55 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, research analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

AZO has been the topic of a number of research analyst reports. BMO Capital Markets started coverage on AutoZone in a report on Friday, December 13th. They set an “outperform” rating and a $3,700.00 target price on the stock. Argus upped their price target on AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Mizuho raised their price objective on AutoZone from $3,350.00 to $3,600.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. TD Cowen boosted their target price 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. Finally, The Goldman Sachs Group lowered shares of AutoZone from a “buy” rating to a “sell” rating and decreased their price target for the stock from $3,205.00 to $2,917.00 in a research note on Monday, October 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, AutoZone currently has an average rating of “Moderate Buy” and an average price target of $3,429.84.

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.