Tompkins Financial Corp Sells 39 Shares of AutoZone, Inc. (NYSE:AZO)

Tompkins Financial Corp lowered its position in shares of AutoZone, Inc. (NYSE:AZO) by 36.1% in the fourth quarter, HoldingsChannel reports. The firm owned 69 shares of the company’s stock after selling 39 shares during the period. Tompkins Financial Corp’s holdings in AutoZone were worth $221,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in shares of AutoZone by 18.9% in the second quarter. Dimensional Fund Advisors LP now owns 49,663 shares of the company’s stock valued at $147,204,000 after acquiring an additional 7,908 shares during the last quarter. Moors & Cabot Inc. acquired a new stake in AutoZone during the 2nd quarter valued at $282,000. Axxcess Wealth Management LLC raised its position in AutoZone by 12.4% in the 2nd quarter. Axxcess Wealth Management LLC now owns 263 shares of the company’s stock valued at $780,000 after purchasing an additional 29 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in AutoZone by 4.6% in the second quarter. Mutual of America Capital Management LLC now owns 3,025 shares of the company’s stock worth $8,966,000 after purchasing an additional 133 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of AutoZone by 4.9% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 386 shares of the company’s stock worth $1,144,000 after purchasing an additional 18 shares during the last quarter. 92.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AZO. Wells Fargo & Company lifted their price target on AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Roth Capital raised shares of AutoZone to a “strong-buy” rating in a research note on Tuesday, October 15th. Roth Mkm reiterated a “buy” rating and set a $3,634.00 target price on shares of AutoZone in a research report on Wednesday, October 16th. The Goldman Sachs Group lowered shares of AutoZone from a “buy” rating to a “sell” rating and lowered their price target for the company from $3,205.00 to $2,917.00 in a report on Monday, October 14th. Finally, BNP Paribas raised AutoZone to a “strong-buy” rating in a report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $3,429.84.

AutoZone Stock Performance

Shares of NYSE AZO opened at $3,193.97 on Friday. AutoZone, Inc. has a 52-week low of $2,655.75 and a 52-week high of $3,416.71. The stock has a market cap of $53.59 billion, a P/E ratio of 21.34, a P/E/G ratio of 1.80 and a beta of 0.71. The firm has a 50 day moving average price of $3,219.83 and a 200 day moving average price of $3,129.60.

AutoZone (NYSE:AZO) last announced its quarterly 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). 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%. AutoZone’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm earned $32.55 EPS. Analysts predict that AutoZone, Inc. will post 153.09 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.