75 Shares in AutoZone, Inc. (NYSE:AZO) Bought by Hodges Capital Management Inc.

Hodges Capital Management Inc. acquired a new stake in shares of AutoZone, Inc. (NYSE:AZO) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 75 shares of the company’s stock, valued at approximately $236,000.

A number of other hedge funds have also recently modified their holdings of the business. Rise Advisors LLC bought a new stake in shares of AutoZone during the 1st quarter valued at about $32,000. Riverview Trust Co bought a new position in shares of AutoZone during the 1st quarter valued at approximately $41,000. Turtle Creek Wealth Advisors LLC purchased a new stake in AutoZone in the 4th quarter worth approximately $54,000. Private Wealth Management Group LLC purchased a new position in AutoZone during the fourth quarter valued at approximately $54,000. Finally, Quarry LP bought a new position in shares of AutoZone in the fourth quarter worth approximately $70,000. Institutional investors own 92.74% of the company’s stock.

AutoZone Trading Up 0.3 %

Shares of AZO traded up $8.70 during trading hours on Friday, hitting $2,964.10. The company had a trading volume of 188,441 shares, compared to its average volume of 145,426. The company has a market capitalization of $50.63 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 1.48 and a beta of 0.71. AutoZone, Inc. has a one year low of $2,375.35 and a one year high of $3,256.37. The company’s fifty day moving average price is $2,894.37 and its two-hundred day moving average price is $2,863.15.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, May 21st. The company reported $36.69 earnings per share for the quarter, beating the consensus estimate of $35.67 by $1.02. AutoZone had a net margin of 14.60% and a negative return on equity of 54.58%. The company had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period last year, the firm earned $34.12 earnings per share. AutoZone’s revenue was up 3.6% compared to the same quarter last year. Analysts forecast that AutoZone, Inc. will post 151.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AZO. Citigroup lowered their target price on shares of AutoZone from $3,420.00 to $3,250.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd. Wedbush dropped their price target on AutoZone from $3,400.00 to $3,200.00 and set an “outperform” rating for the company in a research note on Wednesday, May 22nd. Truist Financial reduced their price objective on shares of AutoZone from $3,523.00 to $3,394.00 and set a “buy” rating on the stock in a research report on Wednesday, May 22nd. Oppenheimer restated a “market perform” rating and set a $2,600.00 target price on shares of AutoZone in a research report on Wednesday. Finally, Mizuho decreased their price target on shares of AutoZone from $3,450.00 to $3,280.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, AutoZone has an average rating of “Moderate Buy” and a consensus target price of $3,112.88.

Insider Activity

In related news, VP Jenna M. Bedsole purchased 36 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was bought at an average cost of $2,757.10 per share, with a total value of $99,255.60. Following the completion of the acquisition, the vice president now owns 36 shares of the company’s stock, valued at approximately $99,255.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.50% of the company’s stock.

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.