Coho Partners Ltd. purchased a new position in AutoZone, Inc. (NYSE:AZO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 23,081 shares of the company's stock, valued at approximately $73,905,000. AutoZone comprises about 3.4% of Coho Partners Ltd.'s holdings, making the stock its 11th largest holding. Coho Partners Ltd. owned about 0.14% of AutoZone at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in shares of AutoZone in the 3rd quarter worth about $36,000. Carolina Wealth Advisors LLC bought a new stake in AutoZone in the third quarter valued at about $47,000. Darwin Wealth Management LLC acquired a new stake in AutoZone during the third quarter valued at approximately $47,000. Crews Bank & Trust acquired a new stake in AutoZone during the fourth quarter valued at approximately $61,000. Finally, McIlrath & Eck LLC grew its position in shares of 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 in the last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
AZO has been the topic of several research analyst reports. Argus raised their price objective 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. Barclays increased their target price on shares of AutoZone from $3,024.00 to $3,585.00 and gave the stock an "overweight" rating in a report on Thursday, January 9th. Wells Fargo & Company lifted their price target on shares of AutoZone from $3,450.00 to $3,750.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. Guggenheim increased their price objective on shares of AutoZone from $3,350.00 to $3,750.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Finally, Truist Financial lifted their target price on AutoZone from $3,501.00 to $3,753.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $3,429.84.
Check Out Our Latest Stock Analysis on AZO
AutoZone Stock Performance
Shares of AZO stock traded down $72.69 during mid-day trading on Tuesday, hitting $3,385.86. 116,608 shares of the stock traded hands, compared to its average volume of 104,055. The firm has a market cap of $56.81 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 1.92 and a beta of 0.70. The company's 50-day simple moving average is $3,318.59 and its 200-day simple moving average is $3,200.28. AutoZone, Inc. has a twelve month low of $2,680.96 and a twelve month high of $3,484.42.
AutoZone (NYSE:AZO - Get Free Report) last released its 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). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The firm had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period in the previous year, the firm earned $32.55 earnings per share. AutoZone's revenue was up 2.1% on a year-over-year basis. Analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current year.
AutoZone Profile
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Free Report)
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.
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