CHURCHILL MANAGEMENT Corp Makes New Investment in AutoZone, Inc. (NYSE:AZO)

CHURCHILL MANAGEMENT Corp purchased a new stake in AutoZone, Inc. (NYSE:AZO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,660 shares of the company's stock, valued at approximately $11,719,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its position in AutoZone by 4.3% during the second quarter. Parallel Advisors LLC now owns 194 shares of the company's stock worth $576,000 after acquiring an additional 8 shares during the period. Dimensional Fund Advisors LP grew its position in shares of AutoZone by 18.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 49,663 shares of the company's stock worth $147,204,000 after purchasing an additional 7,908 shares in the last quarter. Moors & Cabot Inc. bought a new position in shares of AutoZone during the second quarter worth approximately $282,000. Axxcess Wealth Management LLC raised its position in shares of AutoZone by 12.4% in the second quarter. Axxcess Wealth Management LLC now owns 263 shares of the company's stock valued at $780,000 after buying an additional 29 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake in shares of AutoZone by 4.6% in the second quarter. Mutual of America Capital Management LLC now owns 3,025 shares of the company's stock valued at $8,966,000 after buying an additional 133 shares during the period. 92.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AZO has been the topic of a number of recent research reports. Truist Financial raised their price objective on AutoZone from $3,501.00 to $3,753.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. TD Cowen boosted their price target on AutoZone from $3,450.00 to $3,800.00 and gave the company a "buy" rating in a research note on Monday, December 16th. BMO Capital Markets started coverage on shares of AutoZone in a research note on Friday, December 13th. They set an "outperform" rating and a $3,700.00 price objective on the stock. StockNews.com lowered shares of AutoZone from a "buy" rating to a "hold" rating in a report on Saturday, September 21st. Finally, Argus upped their price target on shares of AutoZone from $3,560.00 to $3,678.00 and gave the stock a "buy" rating in a report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, AutoZone currently has a consensus rating of "Moderate Buy" and a consensus price target of $3,429.84.

AutoZone Stock Performance

Shares of AutoZone stock traded down $12.08 on Thursday, hitting $3,193.97. The stock had a trading volume of 110,133 shares, compared to its average volume of 113,143. The stock has a 50 day moving average of $3,219.83 and a 200 day moving average of $3,129.60. The firm has a market capitalization of $53.59 billion, a P/E ratio of 21.34, a PEG ratio of 1.80 and a beta of 0.71. AutoZone, Inc. has a twelve month low of $2,655.75 and a twelve month high of $3,416.71.

AutoZone (NYSE:AZO - Get Free Report) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) for the quarter, missing the consensus estimate 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 was up 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $32.55 earnings per share. Equities analysts expect that AutoZone, Inc. will post 153.09 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.