CHURCHILL MANAGEMENT Corp Purchases New Shares in AutoZone, Inc. (NYSE:AZO)

CHURCHILL MANAGEMENT Corp bought a new stake in AutoZone, Inc. (NYSE:AZO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,660 shares of the company’s stock, valued at approximately $11,719,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Meyer Handelman Co. lifted its holdings in AutoZone by 8.3% during the 4th quarter. Meyer Handelman Co. now owns 2,105 shares of the company’s stock worth $6,740,000 after buying an additional 161 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of AutoZone by 7.2% during the fourth quarter. Park Avenue Securities LLC now owns 179 shares of the company’s stock worth $573,000 after purchasing an additional 12 shares in the last quarter. Kathmere Capital Management LLC lifted its stake in AutoZone by 7.2% in the fourth quarter. Kathmere Capital Management LLC now owns 254 shares of the company’s stock valued at $813,000 after buying an additional 17 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in AutoZone by 29.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 34,808 shares of the company’s stock worth $111,455,000 after purchasing an additional 7,922 shares during the period. Finally, Fifth Third Wealth Advisors LLC grew its holdings in shares of AutoZone by 56.6% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 249 shares of the company’s stock worth $797,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

Wall Street Analysts Forecast Growth

AZO has been the subject of several recent analyst reports. Guggenheim raised their price target on AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Barclays lifted their price objective on AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Truist Financial raised their price target on shares of AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Morgan Stanley increased their target price on AutoZone from $3,038.00 to $3,125.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Finally, Wells Fargo & Company lifted their price target on shares of AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. One equities 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $3,429.84.

AutoZone Trading Down 0.6 %

NYSE AZO opened at $3,207.66 on Thursday. AutoZone, Inc. has a 1 year low of $2,575.00 and a 1 year high of $3,416.71. The firm has a market capitalization of $53.83 billion, a P/E ratio of 21.43, a price-to-earnings-growth ratio of 1.73 and a beta of 0.71. The firm’s fifty day moving average price is $3,219.74 and its two-hundred day moving average price is $3,129.05.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 EPS for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). The firm had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $32.55 earnings per share. On average, research analysts anticipate that AutoZone, Inc. will post 154.29 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.