Hantz Financial Services Inc. raised its stake in AutoZone, Inc. (NYSE:AZO - Free Report) by 10.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,556 shares of the company's stock after buying an additional 144 shares during the period. Hantz Financial Services Inc.'s holdings in AutoZone were worth $4,982,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Petredis Investment Advisors LLC increased its stake in AutoZone by 0.6% in the 3rd quarter. Petredis Investment Advisors LLC now owns 710 shares of the company's stock valued at $2,237,000 after purchasing an additional 4 shares in the last quarter. IVC Wealth Advisors LLC increased its position in shares of AutoZone by 4.4% in the third quarter. IVC Wealth Advisors LLC now owns 95 shares of the company's stock valued at $299,000 after buying an additional 4 shares in the last quarter. Allworth Financial LP raised its stake in shares of AutoZone by 5.0% during the 3rd quarter. Allworth Financial LP now owns 84 shares of the company's stock worth $265,000 after buying an additional 4 shares during the last quarter. Axxcess Wealth Management LLC raised its stake in shares of AutoZone by 1.5% during the 3rd quarter. Axxcess Wealth Management LLC now owns 267 shares of the company's stock worth $841,000 after buying an additional 4 shares during the last quarter. Finally, Moors & Cabot Inc. boosted its position in shares of AutoZone by 4.2% in the 3rd quarter. Moors & Cabot Inc. now owns 99 shares of the company's stock worth $312,000 after buying an additional 4 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.
AutoZone Trading Up 0.1 %
NYSE:AZO traded up $3.34 on Friday, hitting $3,354.35. 94,178 shares of the stock were exchanged, compared to its average volume of 99,301. The stock has a fifty day moving average of $3,263.25 and a 200-day moving average of $3,166.16. The stock has a market cap of $56.29 billion, a PE ratio of 22.41, a PEG ratio of 1.83 and a beta of 0.71. AutoZone, Inc. has a fifty-two week low of $2,672.31 and a fifty-two week high of $3,437.63.
AutoZone (NYSE:AZO - Get Free Report) last posted 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 business had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the company posted $32.55 EPS. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the stock. Truist Financial lifted their target price on shares of AutoZone from $3,501.00 to $3,753.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. TD Cowen upped their target price 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. Wells Fargo & Company increased their target price on AutoZone from $3,450.00 to $3,750.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. Barclays boosted their price target on AutoZone from $3,024.00 to $3,585.00 and gave the stock an "overweight" rating in a report on Thursday, January 9th. Finally, Argus increased their price objective on AutoZone from $3,560.00 to $3,678.00 and gave the company a "buy" rating in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $3,429.84.
View Our Latest Report on AutoZone
AutoZone Company Profile
(
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.
Further Reading
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