AutoZone, Inc. (NYSE:AZO) Holdings Increased by Radnor Capital Management LLC

Radnor Capital Management LLC raised its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 0.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,519 shares of the company’s stock after purchasing an additional 11 shares during the quarter. AutoZone accounts for approximately 3.0% of Radnor Capital Management LLC’s investment portfolio, making the stock its 3rd largest holding. Radnor Capital Management LLC’s holdings in AutoZone were worth $17,672,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in AZO. Brighton Jones LLC raised its position in AutoZone by 4.1% during the 2nd quarter. Brighton Jones LLC now owns 101 shares of the company’s stock valued at $299,000 after purchasing an additional 4 shares in the last quarter. Fidelis Capital Partners LLC raised its holdings in shares of AutoZone by 2.6% in the second quarter. Fidelis Capital Partners LLC now owns 159 shares of the company’s stock valued at $490,000 after acquiring an additional 4 shares in the last quarter. Petredis Investment Advisors LLC lifted its stake in AutoZone by 0.6% in the third quarter. Petredis Investment Advisors LLC now owns 710 shares of the company’s stock worth $2,237,000 after acquiring an additional 4 shares during the period. IVC Wealth Advisors LLC grew its holdings in AutoZone by 4.4% during the 3rd quarter. IVC Wealth Advisors LLC now owns 95 shares of the company’s stock worth $299,000 after acquiring an additional 4 shares in the last quarter. Finally, Allworth Financial LP increased its position in AutoZone by 5.0% during the 3rd quarter. Allworth Financial LP now owns 84 shares of the company’s stock valued at $265,000 after purchasing an additional 4 shares during the period. 92.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AZO has been the topic of a number of recent research reports. Guggenheim increased their price objective on shares of AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Roth Mkm reaffirmed a “buy” rating and set a $3,634.00 target price on shares of AutoZone in a research report on Wednesday, October 16th. Morgan Stanley boosted their price target on AutoZone from $3,038.00 to $3,125.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Citigroup raised 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, Wells Fargo & Company boosted their target price on shares of AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have given 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, AutoZone has an average rating of “Moderate Buy” and an average price target of $3,429.84.

AutoZone Price Performance

Shares of NYSE:AZO opened at $3,224.60 on Wednesday. The business’s 50 day moving average price is $3,219.74 and its 200-day moving average price is $3,129.05. AutoZone, Inc. has a 1 year low of $2,575.00 and a 1 year high of $3,416.71. The firm has a market capitalization of $54.12 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 1.73 and a beta of 0.71.

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 the consensus estimate of $33.69 by ($1.17). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The firm had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the previous year, the firm posted $32.55 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, sell-side analysts expect that AutoZone, Inc. will post 154.29 earnings per share 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.