Manchester Capital Management LLC Purchases 17 Shares of AutoZone, Inc. (NYSE:AZO)

Manchester Capital Management LLC raised its position in AutoZone, Inc. (NYSE:AZO) by 10.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 173 shares of the company’s stock after acquiring an additional 17 shares during the period. Manchester Capital Management LLC’s holdings in AutoZone were worth $554,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in shares of AutoZone during the 3rd quarter worth approximately $36,000. Carolina Wealth Advisors LLC bought a new stake in AutoZone in the 3rd quarter valued at $47,000. Darwin Wealth Management LLC bought a new stake in AutoZone in the 3rd quarter valued at $47,000. Crews Bank & Trust bought a new stake in AutoZone in the 4th quarter valued at $61,000. Finally, McIlrath & Eck LLC raised its stake in AutoZone by 25.0% in the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after acquiring an additional 4 shares during the period. Institutional investors own 92.74% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on AZO. Truist Financial upped their price objective on AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. BMO Capital Markets began coverage on AutoZone in a report on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 price objective on the stock. Guggenheim upped their price objective on AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Argus upped their price objective on AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Finally, Mizuho increased their target price on AutoZone from $3,350.00 to $3,600.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $3,429.84.

AutoZone Trading Down 0.2 %

Shares of AutoZone stock opened at $3,461.94 on Friday. The business’s fifty day simple moving average is $3,312.82 and its 200 day simple moving average is $3,194.34. The firm has a market capitalization of $58.09 billion, a P/E ratio of 23.13, a price-to-earnings-growth ratio of 1.92 and a beta of 0.70. AutoZone, Inc. has a 12 month low of $2,680.96 and a 12 month high of $3,484.42.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 EPS for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). The business had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $32.55 earnings per share. Analysts predict that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

AutoZone 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.