Hendley & Co. Inc. Has $4.27 Million Stake in AutoZone, Inc. (NYSE:AZO)

Hendley & Co. Inc. increased its position in AutoZone, Inc. (NYSE:AZO) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,332 shares of the company’s stock after purchasing an additional 5 shares during the quarter. AutoZone makes up 1.5% of Hendley & Co. Inc.’s portfolio, making the stock its 24th largest holding. Hendley & Co. Inc.’s holdings in AutoZone were worth $4,265,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Pittenger & Anderson Inc. grew its position in shares of AutoZone by 5.2% during the 4th quarter. Pittenger & Anderson Inc. now owns 61 shares of the company’s stock worth $195,000 after buying an additional 3 shares during the period. Allworth Financial LP boosted its stake in AutoZone by 5.0% in the third quarter. Allworth Financial LP now owns 84 shares of the company’s stock valued at $265,000 after acquiring an additional 4 shares during the last quarter. IVC Wealth Advisors LLC boosted its stake in AutoZone by 4.4% in the third quarter. IVC Wealth Advisors LLC now owns 95 shares of the company’s stock valued at $299,000 after acquiring an additional 4 shares during the last quarter. Axxcess Wealth Management LLC grew its holdings in AutoZone by 1.5% during the 3rd quarter. Axxcess Wealth Management LLC now owns 267 shares of the company’s stock worth $841,000 after acquiring an additional 4 shares during the period. Finally, Moors & Cabot Inc. raised its position in shares of AutoZone by 4.2% during the 3rd quarter. Moors & Cabot Inc. now owns 99 shares of the company’s stock valued at $312,000 after acquiring an additional 4 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Trading Up 0.8 %

AZO stock opened at $3,396.14 on Tuesday. The stock has a market cap of $56.99 billion, a PE ratio of 22.69, a price-to-earnings-growth ratio of 1.86 and a beta of 0.70. The stock has a 50-day moving average price of $3,322.47 and a two-hundred day moving average price of $3,209.45. AutoZone, Inc. has a 1 year low of $2,708.09 and a 1 year high of $3,484.42.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). The firm 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 firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $32.55 earnings per share. On average, analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AZO shares. Truist Financial raised their price target on AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Evercore ISI raised their target price on AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. TD Cowen upped their price target on AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Guggenheim increased their price target on shares of AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, BMO Capital Markets assumed coverage on shares of AutoZone in a report on Friday, December 13th. They set an “outperform” rating and a $3,700.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $3,429.84.

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.