Mattern Capital Management LLC Boosts Holdings in AutoZone, Inc. (NYSE:AZO)

Mattern Capital Management LLC increased its holdings in AutoZone, Inc. (NYSE:AZO) by 9.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166 shares of the company’s stock after acquiring an additional 14 shares during the quarter. Mattern Capital Management LLC’s holdings in AutoZone were worth $532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new position in shares of AutoZone in the 3rd quarter worth about $36,000. Darwin Wealth Management LLC bought a new position in shares of AutoZone in the 3rd quarter worth about $47,000. Crews Bank & Trust bought a new position in shares of AutoZone in the 4th quarter worth about $61,000. McIlrath & Eck LLC increased its stake in shares of AutoZone by 25.0% in the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after acquiring an additional 4 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in shares of AutoZone in the 3rd quarter worth about $66,000. 92.74% of the stock is currently owned by institutional investors.

AutoZone Trading Up 0.4 %

AZO opened at $3,408.52 on Friday. The company’s 50 day moving average is $3,321.68 and its 200 day moving average is $3,204.55. The company has a market cap of $57.19 billion, a price-to-earnings ratio of 22.77, a PEG ratio of 1.87 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 announced 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). The business had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $32.55 earnings per share. As a group, analysts predict that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. TD Cowen raised their price objective on shares of AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Barclays raised their price objective on shares of AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Evercore ISI raised their price objective on shares of AutoZone from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Citigroup raised their price objective on shares of AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, BMO Capital Markets assumed coverage on shares of AutoZone in a research note on Friday, December 13th. They set an “outperform” rating and a $3,700.00 price objective for the company. One equities 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 company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $3,429.84.

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.