Bryn Mawr Capital Management LLC Takes $42.74 Million Position in AutoZone, Inc. (NYSE:AZO)

Bryn Mawr Capital Management LLC acquired a new position in AutoZone, Inc. (NYSE:AZO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 13,347 shares of the company's stock, valued at approximately $42,737,000. AutoZone accounts for approximately 1.6% of Bryn Mawr Capital Management LLC's portfolio, making the stock its 13th largest holding. Bryn Mawr Capital Management LLC owned approximately 0.08% of AutoZone at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in shares of AutoZone in the 3rd quarter worth about $36,000. Darwin Wealth Management LLC bought a new position in AutoZone in the 3rd quarter valued at about $47,000. Crews Bank & Trust bought a new position in AutoZone in the 4th quarter valued at about $61,000. McIlrath & Eck LLC grew its position in 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 in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in AutoZone in the 3rd quarter valued at about $66,000. Institutional investors and hedge funds own 92.74% of the company's stock.

AutoZone Stock Performance

Shares of NYSE AZO traded down $40.52 during mid-day trading on Friday, reaching $3,366.15. The company had a trading volume of 68,817 shares, compared to its average volume of 100,711. The stock has a fifty day moving average of $3,321.68 and a two-hundred day moving average of $3,204.55. The company has a market capitalization of $56.49 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 1.88 and a beta of 0.70. AutoZone, Inc. has a 12-month low of $2,708.09 and a 12-month high of $3,484.42.

AutoZone (NYSE:AZO - Get Free Report) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $33.69 by ($1.17). The company had revenue of $4.28 billion during the quarter, compared to analysts' expectations of $4.30 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. AutoZone's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $32.55 earnings per share. Sell-side analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Truist Financial increased their target price 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. Citigroup increased their target price on shares of AutoZone from $3,500.00 to $3,900.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. BMO Capital Markets began coverage on shares of AutoZone in a research report on Friday, December 13th. They issued an "outperform" rating and a $3,700.00 target price for the company. Evercore ISI raised their price objective on shares of AutoZone from $3,400.00 to $3,450.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. Finally, Mizuho raised their price objective on shares of AutoZone from $3,350.00 to $3,600.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $3,429.84.

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.