Toth Financial Advisory Corp Buys 142 Shares of AutoZone, Inc. (NYSE:AZO)

Toth Financial Advisory Corp boosted its stake in AutoZone, Inc. (NYSE:AZO) by 6.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,498 shares of the company’s stock after purchasing an additional 142 shares during the quarter. Toth Financial Advisory Corp’s holdings in AutoZone were worth $7,999,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AZO. International Assets Investment Management LLC increased its stake in shares of AutoZone by 354,692.5% in the 3rd 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 grew its holdings in AutoZone by 1.8% during the third quarter. Geode Capital Management LLC now owns 421,716 shares of the company’s stock valued at $1,326,545,000 after purchasing an additional 7,365 shares during the period. Marshfield Associates increased its stake in AutoZone by 0.5% in the third quarter. Marshfield Associates now owns 169,586 shares of the company’s stock valued at $534,204,000 after purchasing an additional 796 shares in the last quarter. Legal & General Group Plc raised its holdings in AutoZone by 2.3% in the second quarter. Legal & General Group Plc now owns 150,698 shares of the company’s stock worth $446,684,000 after purchasing an additional 3,382 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in AutoZone by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 104,665 shares of the company’s stock worth $329,699,000 after purchasing an additional 466 shares during the period. Institutional investors and hedge funds own 92.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AZO. Roth Mkm restated a “buy” rating and issued a $3,634.00 price objective on shares of AutoZone in a research report on Wednesday, October 16th. The Goldman Sachs Group downgraded AutoZone from a “buy” rating to a “sell” rating and lowered their price target for the stock from $3,205.00 to $2,917.00 in a report on Monday, October 14th. Argus raised their price target on AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Citigroup boosted their price objective on AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, Redburn Atlantic raised AutoZone to a “strong-buy” rating in a research note on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $3,429.84.

AutoZone Price Performance

Shares of NYSE AZO opened at $3,328.28 on Friday. The business has a 50-day moving average of $3,238.73 and a 200-day moving average of $3,149.01. The stock has a market capitalization of $55.85 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 1.84 and a beta of 0.71. AutoZone, Inc. has a fifty-two week low of $2,672.31 and a fifty-two week high of $3,416.71.

AutoZone (NYSE:AZO) last posted 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). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The company had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the business earned $32.55 earnings per share. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, sell-side analysts expect that AutoZone, Inc. will post 152.94 EPS for the current 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.