Bar Harbor Wealth Management Has $2.34 Million Stock Position in AutoZone, Inc. (NYSE:AZO)

Bar Harbor Wealth Management cut its stake in shares of AutoZone, Inc. (NYSE:AZO) by 3.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 732 shares of the company’s stock after selling 23 shares during the quarter. Bar Harbor Wealth Management’s holdings in AutoZone were worth $2,344,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of AZO. Wedmont Private Capital grew its stake in shares of AutoZone by 2.7% in the fourth quarter. Wedmont Private Capital now owns 229 shares of the company’s stock valued at $745,000 after buying an additional 6 shares in the last quarter. Salem Investment Counselors Inc. grew its position in shares of AutoZone by 6.3% in the 4th quarter. Salem Investment Counselors Inc. now owns 202 shares of the company’s stock valued at $647,000 after acquiring an additional 12 shares during the period. Threadgill Financial LLC increased its stake in shares of AutoZone by 0.3% during the 4th quarter. Threadgill Financial LLC now owns 5,875 shares of the company’s stock worth $18,812,000 after purchasing an additional 19 shares during the last quarter. Czech National Bank raised its holdings in shares of AutoZone by 5.4% in the 4th quarter. Czech National Bank now owns 3,666 shares of the company’s stock valued at $11,739,000 after purchasing an additional 187 shares during the period. Finally, Fortem Financial Group LLC lifted its stake in AutoZone by 4.7% in the 4th quarter. Fortem Financial Group LLC now owns 377 shares of the company’s stock valued at $1,207,000 after purchasing an additional 17 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AZO has been the topic of several research analyst reports. Morgan Stanley upped their price objective on AutoZone from $3,038.00 to $3,125.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Truist Financial raised their price target on AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Argus upped their price objective on shares of AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Wells Fargo & Company raised their target price on shares of AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Finally, UBS Group upped their price target on shares of AutoZone from $3,340.00 to $3,500.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $3,429.84.

AutoZone Stock Down 0.3 %

AZO traded down $10.14 during midday trading on Monday, hitting $3,241.18. 91,160 shares of the company were exchanged, compared to its average volume of 112,674. The firm’s 50 day moving average price is $3,212.55 and its 200-day moving average price is $3,125.20. 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 $54.39 billion, a P/E ratio of 21.65, a P/E/G ratio of 1.73 and a beta of 0.71.

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