Dahring Cusmano LLC Acquires Shares of 101 AutoZone, Inc. (NYSE:AZO)

Dahring Cusmano LLC acquired a new stake in shares of AutoZone, Inc. (NYSE:AZO) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 101 shares of the company’s stock, valued at approximately $323,000.

Other large investors have also bought and sold shares of the company. Paradigm Asset Management Co. LLC lifted its holdings in shares of AutoZone by 600.0% during the fourth quarter. Paradigm Asset Management Co. LLC now owns 700 shares of the company’s stock valued at $2,241,000 after purchasing an additional 600 shares during the last quarter. Compass Capital Corp MA ADV purchased a new position in shares of AutoZone during the fourth quarter valued at approximately $270,000. Mattern Capital Management LLC lifted its holdings in shares of AutoZone by 9.2% during the fourth quarter. Mattern Capital Management LLC now owns 166 shares of the company’s stock valued at $532,000 after purchasing an additional 14 shares during the last quarter. ING Groep NV lifted its holdings in shares of AutoZone by 4,367.1% during the fourth quarter. ING Groep NV now owns 3,797 shares of the company’s stock valued at $12,158,000 after purchasing an additional 3,712 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its holdings in shares of AutoZone by 1.9% during the fourth quarter. Concurrent Investment Advisors LLC now owns 213 shares of the company’s stock valued at $682,000 after purchasing an additional 4 shares during the last quarter. 92.74% of the stock is owned by institutional investors.

AutoZone Price Performance

AutoZone stock opened at $3,366.15 on Friday. The firm has a market capitalization of $56.49 billion, a P/E ratio of 22.49, a price-to-earnings-growth ratio of 1.88 and a beta of 0.70. The company’s 50-day moving average is $3,321.62 and its 200 day moving average is $3,206.32. AutoZone, Inc. has a 1-year low of $2,708.09 and a 1-year high of $3,484.42.

AutoZone (NYSE:AZO) last released its quarterly earnings data 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 net margin of 14.18% and a negative return on equity of 53.89%. The business had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the business posted $32.55 earnings per share. AutoZone’s revenue for the quarter was up 2.1% on a year-over-year basis. Research analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AZO shares. Truist Financial lifted their target price 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. Mizuho lifted their target price on shares of AutoZone from $3,350.00 to $3,600.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Wells Fargo & Company boosted their price objective on shares of AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. 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 target price for the company. Finally, Evercore ISI upped their target price on shares of AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have given 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.com, AutoZone currently has an average rating of “Moderate Buy” and an average target price of $3,429.84.

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.