Strategic Financial Concepts LLC Invests $471.63 Million in AutoZone, Inc. (NYSE:AZO)

Strategic Financial Concepts LLC acquired a new stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 147,292 shares of the company's stock, valued at approximately $471,629,000. AutoZone makes up about 0.9% of Strategic Financial Concepts LLC's investment portfolio, making the stock its 22nd largest holding. Strategic Financial Concepts LLC owned 0.88% of AutoZone at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Capital Performance Advisors LLP acquired a new stake in shares of AutoZone in the third quarter valued at about $36,000. Carolina Wealth Advisors LLC acquired a new stake in AutoZone in the 3rd quarter valued at about $47,000. Darwin Wealth Management LLC acquired a new stake in AutoZone in the 3rd quarter valued at about $47,000. Crews Bank & Trust purchased a new position in AutoZone in the 4th quarter worth approximately $61,000. Finally, McIlrath & Eck LLC boosted its holdings in shares of AutoZone by 25.0% during the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company's stock worth $63,000 after purchasing an additional 4 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Roth Mkm reaffirmed a "buy" rating and issued a $3,634.00 price target on shares of AutoZone in a report on Wednesday, October 16th. Citigroup raised their target price on AutoZone from $3,500.00 to $3,900.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. TD Cowen boosted their price target on shares of AutoZone from $3,450.00 to $3,800.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Truist Financial upped their price objective on shares of AutoZone from $3,501.00 to $3,753.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Finally, Wells Fargo & Company lifted their target price on shares of AutoZone from $3,450.00 to $3,750.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. One investment 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 stock. According to MarketBeat, AutoZone has an average rating of "Moderate Buy" and an average target price of $3,429.84.

AutoZone Stock Down 1.3 %

NYSE AZO traded down $46.27 during trading on Friday, hitting $3,420.42. The stock had a trading volume of 85,082 shares, compared to its average volume of 110,027. The company has a market capitalization of $57.40 billion, a PE ratio of 22.85, a PEG ratio of 1.85 and a beta of 0.70. The firm has a 50 day moving average price of $3,287.30 and a 200 day moving average price of $3,178.73. AutoZone, Inc. has a twelve month low of $2,672.31 and a twelve month high of $3,484.42.

AutoZone (NYSE:AZO - Get Free Report) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 earnings per share for the quarter, missing analysts' consensus estimates of $33.69 by ($1.17). The business 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%. The company's revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $32.55 EPS. On average, sell-side analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current year.

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.