AutoZone, Inc. (NYSE:AZO) is Kirr Marbach & Co. LLC IN’s 4th Largest Position

Kirr Marbach & Co. LLC IN reduced its stake in shares of AutoZone, Inc. (NYSE:AZO) by 0.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,693 shares of the company’s stock after selling 42 shares during the period. AutoZone comprises 5.3% of Kirr Marbach & Co. LLC IN’s investment portfolio, making the stock its 4th biggest position. Kirr Marbach & Co. LLC IN’s holdings in AutoZone were worth $24,633,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Capital Performance Advisors LLP purchased a new position in AutoZone in the third quarter valued at approximately $36,000. Carolina Wealth Advisors LLC purchased a new position in shares of AutoZone during the 3rd quarter valued at $47,000. Darwin Wealth Management LLC purchased a new position in shares of AutoZone during the 3rd quarter valued at $47,000. McIlrath & Eck LLC increased its holdings in AutoZone by 25.0% in the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after acquiring an additional 4 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in AutoZone in the 3rd quarter valued at about $66,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Price Performance

NYSE:AZO opened at $3,324.32 on Wednesday. The company has a market capitalization of $55.78 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 1.84 and a beta of 0.71. The business has a 50 day moving average of $3,242.80 and a 200 day moving average of $3,156.76. AutoZone, Inc. has a 1-year low of $2,672.31 and a 1-year high of $3,437.63.

AutoZone (NYSE:AZO) 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). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the previous year, the firm posted $32.55 earnings per share. The company’s revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that AutoZone, Inc. will post 152.94 EPS for the current year.

Wall Street Analysts Forecast Growth

AZO has been the subject of a number of research reports. Argus increased their target price on shares of AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Roth Capital upgraded shares of AutoZone to a “strong-buy” rating in a research note on Tuesday, October 15th. Barclays increased their target price on AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Roth Mkm reiterated a “buy” rating and issued a $3,634.00 price target on shares of AutoZone in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company increased their price objective on AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.