CHURCHILL MANAGEMENT Corp Takes Position in AutoZone, Inc. (NYSE:AZO)

CHURCHILL MANAGEMENT Corp purchased a new stake in shares of AutoZone, Inc. (NYSE:AZO) in the fourth quarter, Holdings Channel reports. The firm purchased 3,660 shares of the company’s stock, valued at approximately $11,719,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Capital Performance Advisors LLP bought a new position in AutoZone during the third quarter valued at about $36,000. Carolina Wealth Advisors LLC bought a new position in AutoZone in the 3rd quarter worth about $47,000. Darwin Wealth Management LLC bought a new stake in AutoZone during the 3rd quarter worth approximately $47,000. McIlrath & Eck LLC raised its position in shares of AutoZone by 25.0% in the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after buying an additional 4 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in shares of AutoZone during the 3rd quarter valued at about $66,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Price Performance

AZO stock opened at $3,207.66 on Thursday. The stock has a market capitalization of $53.83 billion, a P/E ratio of 21.43, a P/E/G ratio of 1.73 and a beta of 0.71. AutoZone, Inc. has a 1-year low of $2,575.00 and a 1-year high of $3,416.71. The business has a fifty day moving average price of $3,219.74 and a 200-day moving average price of $3,129.05.

AutoZone (NYSE:AZO) last issued its 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). The business had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.30 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. AutoZone’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $32.55 EPS. As a group, analysts anticipate that AutoZone, Inc. will post 154.29 earnings per share for the current year.

Wall Street Analyst Weigh In

AZO has been the subject of a number of recent research reports. Truist Financial boosted their target price on AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Mizuho lifted their price objective on AutoZone from $3,350.00 to $3,600.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Argus boosted their price target on shares of AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. DA Davidson restated a “neutral” rating and set a $3,025.00 price target on shares of AutoZone in a research report on Monday, September 30th. Finally, BNP Paribas upgraded AutoZone to a “strong-buy” rating in a report on Wednesday, September 25th. One equities research 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. Based on data from MarketBeat.com, AutoZone presently has a consensus rating of “Moderate Buy” and an average price target of $3,429.84.

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.