HB Wealth Management LLC Purchases 28 Shares of AutoZone, Inc. (NYSE:AZO)

HB Wealth Management LLC raised its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,276 shares of the company’s stock after acquiring an additional 28 shares during the period. HB Wealth Management LLC’s holdings in AutoZone were worth $4,086,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. International Assets Investment Management LLC increased its stake in AutoZone by 354,692.5% in the 3rd quarter. International Assets Investment Management LLC now owns 993,419 shares of the company’s stock worth $31,293,100,000 after purchasing an additional 993,139 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of AutoZone by 186.8% in the third quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company’s stock worth $292,544,000 after buying an additional 60,483 shares during the period. Canoe Financial LP increased its stake in shares of AutoZone by 542.8% in the fourth quarter. Canoe Financial LP now owns 62,471 shares of the company’s stock worth $200,032,000 after buying an additional 52,753 shares during the period. Squarepoint Ops LLC boosted its position in AutoZone by 319.0% during the 2nd quarter. Squarepoint Ops LLC now owns 36,225 shares of the company’s stock valued at $107,375,000 after buying an additional 27,580 shares during the period. Finally, Worldquant Millennium Advisors LLC bought a new stake in AutoZone in the 3rd quarter worth $85,127,000. 92.74% of the stock is owned by hedge funds and other institutional investors.

AutoZone Stock Performance

NYSE:AZO opened at $3,221.06 on Friday. The firm has a market cap of $54.05 billion, a P/E ratio of 21.52, a P/E/G ratio of 1.80 and a beta of 0.71. AutoZone, Inc. has a fifty-two week low of $2,658.18 and a fifty-two week high of $3,416.71. The firm has a 50-day simple moving average of $3,222.90 and a two-hundred day simple moving average of $3,132.76.

AutoZone (NYSE:AZO) last announced its quarterly earnings data 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). The firm had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.30 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. AutoZone’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $32.55 earnings per share. On average, equities research analysts predict that AutoZone, Inc. will post 153.09 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Roth Mkm reaffirmed a “buy” rating and set a $3,634.00 price objective on shares of AutoZone in a research note on Wednesday, October 16th. Guggenheim increased their price objective on AutoZone from $3,350.00 to $3,750.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. UBS Group lifted their price objective on AutoZone from $3,340.00 to $3,500.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. DA Davidson reaffirmed a “neutral” rating and issued a $3,025.00 price target on shares of AutoZone in a research note on Monday, September 30th. Finally, Redburn Atlantic upgraded shares of AutoZone to a “strong-buy” rating in a report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.