AutoZone, Inc. (NYSE:AZO) Shares Acquired by Radnor Capital Management LLC

Radnor Capital Management LLC increased its position in shares of AutoZone, Inc. (NYSE:AZO) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,519 shares of the company’s stock after acquiring an additional 11 shares during the quarter. AutoZone makes up about 3.0% of Radnor Capital Management LLC’s portfolio, making the stock its 3rd biggest holding. Radnor Capital Management LLC’s holdings in AutoZone were worth $17,672,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC increased its position in shares of AutoZone by 354,692.5% during 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 acquiring an additional 993,139 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of AutoZone by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 421,716 shares of the company’s stock worth $1,326,545,000 after purchasing an additional 7,365 shares during the period. Marshfield Associates boosted its position in shares of AutoZone by 0.5% during the 3rd quarter. Marshfield Associates now owns 169,586 shares of the company’s stock worth $534,204,000 after purchasing an additional 796 shares during the period. Legal & General Group Plc increased its holdings in AutoZone by 2.3% in the 2nd quarter. Legal & General Group Plc now owns 150,698 shares of the company’s stock valued at $446,684,000 after purchasing an additional 3,382 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in 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 purchasing an additional 466 shares during the period. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AZO shares. Argus lifted their price objective on AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Mizuho lifted their target price on AutoZone from $3,350.00 to $3,600.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. DA Davidson reiterated a “neutral” rating and set a $3,025.00 price target on shares of AutoZone in a research note on Monday, September 30th. StockNews.com lowered shares of AutoZone from a “buy” rating to a “hold” rating in a research note on Saturday, September 21st. Finally, Citigroup lifted 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $3,429.84.

AutoZone Trading Down 0.5 %

AZO stock opened at $3,224.60 on Wednesday. The company has a market capitalization of $54.12 billion, a P/E ratio of 21.54, a PEG ratio of 1.73 and a beta of 0.71. The business has a 50 day simple moving average of $3,219.74 and a 200-day simple moving average of $3,129.05. AutoZone, Inc. has a twelve month low of $2,575.00 and a twelve month high of $3,416.71.

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 business had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.30 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $32.55 EPS. Research analysts predict that AutoZone, Inc. will post 154.29 EPS for the current fiscal year.

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.