AutoZone, Inc. (NYSE:AZO) Stock Holdings Increased by Hendley & Co. Inc.

Hendley & Co. Inc. boosted its stake in shares of AutoZone, Inc. (NYSE:AZO) by 0.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,332 shares of the company’s stock after purchasing an additional 5 shares during the period. AutoZone comprises approximately 1.5% of Hendley & Co. Inc.’s holdings, making the stock its 24th largest position. Hendley & Co. Inc.’s holdings in AutoZone were worth $4,265,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AZO. Strategic Financial Concepts LLC purchased a new stake in shares of AutoZone during the fourth quarter worth $471,629,000. The Manufacturers Life Insurance Company grew its stake in 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 purchasing an additional 60,483 shares in the last quarter. Canoe Financial LP increased its position in AutoZone by 542.8% in the 4th quarter. Canoe Financial LP now owns 62,471 shares of the company’s stock worth $200,032,000 after purchasing an additional 52,753 shares during the last quarter. Baillie Gifford & Co. raised its stake in shares of AutoZone by 35.6% during the 4th quarter. Baillie Gifford & Co. now owns 163,089 shares of the company’s stock worth $522,211,000 after purchasing an additional 42,776 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC acquired a new stake in shares of AutoZone during the 3rd quarter valued at about $85,127,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Guggenheim increased their price objective on AutoZone from $3,350.00 to $3,750.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Citigroup boosted their target price on shares of AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. BMO Capital Markets initiated coverage on shares of AutoZone in a report on Friday, December 13th. They set an “outperform” rating and a $3,700.00 price target on the stock. TD Cowen upped their price objective on shares of AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, Mizuho increased their target price on shares of AutoZone from $3,350.00 to $3,600.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $3,429.84.

AutoZone Trading Up 0.8 %

AZO opened at $3,396.14 on Tuesday. The business has a 50 day moving average of $3,322.47 and a 200-day moving average of $3,209.45. The stock has a market capitalization of $56.99 billion, a price-to-earnings ratio of 22.69, a P/E/G ratio of 1.86 and a beta of 0.70. AutoZone, Inc. has a 1-year low of $2,708.09 and a 1-year high of $3,484.42.

AutoZone (NYSE:AZO) last issued 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). The company had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. During the same period last year, the company earned $32.55 earnings per share. AutoZone’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts predict that AutoZone, Inc. will post 152.94 EPS for the current 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.