Dahring Cusmano LLC Invests $323,000 in AutoZone, Inc. (NYSE:AZO)

Dahring Cusmano LLC purchased a new position in AutoZone, Inc. (NYSE:AZO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 101 shares of the company’s stock, valued at approximately $323,000.

Several other institutional investors have also recently made changes to their positions in AZO. Strategic Financial Concepts LLC bought a new position in shares of AutoZone in the fourth quarter worth $471,629,000. The Manufacturers Life Insurance Company increased its stake in AutoZone by 186.8% in the third quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company’s stock valued at $292,544,000 after acquiring an additional 60,483 shares during the last quarter. Canoe Financial LP increased its stake in AutoZone by 542.8% in the fourth quarter. Canoe Financial LP now owns 62,471 shares of the company’s stock valued at $200,032,000 after acquiring an additional 52,753 shares during the last quarter. Baillie Gifford & Co. increased its stake in AutoZone by 35.6% in the fourth quarter. Baillie Gifford & Co. now owns 163,089 shares of the company’s stock valued at $522,211,000 after acquiring an additional 42,776 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC bought a new position in AutoZone in the third quarter valued at $85,127,000. Institutional investors own 92.74% of the company’s stock.

AutoZone Trading Down 1.2 %

AutoZone stock opened at $3,366.15 on Friday. The firm has a 50-day moving average of $3,321.62 and a 200-day moving average of $3,206.32. The firm has a market cap of $56.49 billion, a P/E ratio of 22.49, a P/E/G ratio of 1.88 and a beta of 0.70. 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 earnings results 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). 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 for the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter in the prior year, the company posted $32.55 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. Research analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AZO has been the topic of a number of research analyst reports. Truist Financial increased their target price on AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Wells Fargo & Company increased their target price on AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Evercore ISI increased their target price on AutoZone from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. TD Cowen upped their price target on shares of AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, Argus upped their price target on shares of AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.