Hemington Wealth Management Boosts Stake in AutoZone, Inc. (NYSE:AZO)

Hemington Wealth Management boosted its stake in AutoZone, Inc. (NYSE:AZO) by 25.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30 shares of the company’s stock after buying an additional 6 shares during the period. Hemington Wealth Management’s holdings in AutoZone were worth $96,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC lifted its stake in AutoZone by 27.2% during the 3rd quarter. CWM LLC now owns 435 shares of the company’s stock worth $1,371,000 after acquiring an additional 93 shares in the last quarter. CX Institutional lifted its holdings in AutoZone by 3.7% during the 3rd quarter. CX Institutional now owns 198 shares of the company’s stock worth $624,000 after buying an additional 7 shares in the last quarter. Creative Planning lifted its holdings in AutoZone by 4.0% during the 3rd quarter. Creative Planning now owns 2,519 shares of the company’s stock worth $7,933,000 after buying an additional 97 shares in the last quarter. Swedbank AB raised its stake in shares of AutoZone by 0.6% in the third quarter. Swedbank AB now owns 16,617 shares of the company’s stock valued at $52,344,000 after acquiring an additional 93 shares in the last quarter. Finally, Petredis Investment Advisors LLC raised its stake in shares of AutoZone by 0.6% in the third quarter. Petredis Investment Advisors LLC now owns 710 shares of the company’s stock valued at $2,237,000 after acquiring an additional 4 shares in the last quarter. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

AutoZone Price Performance

Shares of AZO opened at $3,435.93 on Thursday. The company has a market cap of $57.65 billion, a P/E ratio of 22.96, a PEG ratio of 1.92 and a beta of 0.70. AutoZone, Inc. has a 12 month low of $2,680.96 and a 12 month high of $3,484.42. The stock has a fifty day moving average price of $3,302.29 and a 200 day moving average price of $3,190.70.

AutoZone (NYSE:AZO) last released its quarterly earnings results 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 net margin of 14.18% and a negative return on equity of 53.89%. The company had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter last year, the business earned $32.55 EPS. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, research analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Barclays increased their price target on AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Citigroup lifted their price target on AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. BMO Capital Markets assumed coverage on shares of AutoZone in a research note on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 price target on the stock. Evercore ISI raised their price target on AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, Truist Financial raised their price objective 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. 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $3,429.84.

AutoZone 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.