AutoZone, Inc. (NYSE:AZO) Shares Bought by Hantz Financial Services Inc.

Hantz Financial Services Inc. boosted its stake in shares of AutoZone, Inc. (NYSE:AZO) by 10.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,556 shares of the company’s stock after acquiring 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 quarter.

Other large investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its position in shares of AutoZone by 354,692.5% in the third quarter. International Assets Investment Management LLC now owns 993,419 shares of the company’s stock valued at $31,293,100,000 after buying an additional 993,139 shares during the last quarter. Geode Capital Management LLC raised its position in shares of AutoZone by 1.8% in the third quarter. Geode Capital Management LLC now owns 421,716 shares of the company’s stock valued at $1,326,545,000 after buying an additional 7,365 shares during the last quarter. Marshfield Associates raised its position in shares of AutoZone by 0.5% in the third quarter. Marshfield Associates now owns 169,586 shares of the company’s stock valued at $534,204,000 after buying an additional 796 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of AutoZone by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 104,665 shares of the company’s stock valued at $329,699,000 after buying an additional 466 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of AutoZone by 186.8% in the third quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company’s stock valued at $292,544,000 after buying an additional 60,483 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Citigroup upped their price objective on shares of AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Truist Financial upped their price objective on shares of AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Roth Mkm reissued a “buy” rating and issued a $3,634.00 price objective on shares of AutoZone in a report on Wednesday, October 16th. Barclays upped their price objective on shares of AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Finally, BMO Capital Markets initiated coverage on shares of AutoZone in a report on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 price objective for the company. 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 company’s stock. According to data from MarketBeat, AutoZone currently has a consensus rating of “Moderate Buy” and a consensus price target of $3,429.84.

AutoZone Trading Down 0.1 %

AZO stock opened at $3,315.50 on Thursday. AutoZone, Inc. has a 12-month low of $2,672.31 and a 12-month high of $3,437.63. The stock’s 50 day simple moving average is $3,247.14 and its 200 day simple moving average is $3,159.59. The firm has a market cap of $55.63 billion, a P/E ratio of 22.15, a P/E/G ratio of 1.84 and a beta of 0.71.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share for the quarter, missing the consensus estimate of $33.69 by ($1.17). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The company had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period in the prior year, the business earned $32.55 earnings per share. AutoZone’s quarterly revenue was up 2.1% on a year-over-year basis. On average, research analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

AutoZone Company 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.