Bryn Mawr Capital Management LLC Makes New $583,000 Investment in AutoZone, Inc. (NYSE:AZO)

Bryn Mawr Capital Management LLC acquired a new position in AutoZone, Inc. (NYSE:AZO) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 182 shares of the company’s stock, valued at approximately $583,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Capital Performance Advisors LLP purchased a new position in shares of AutoZone during the 3rd quarter worth about $36,000. Darwin Wealth Management LLC purchased a new position in shares of AutoZone during the 3rd quarter worth about $47,000. Crews Bank & Trust purchased a new position in shares of AutoZone during the 4th quarter worth about $61,000. McIlrath & Eck LLC boosted its stake in shares of AutoZone by 25.0% during the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after purchasing an additional 4 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new position in shares of AutoZone during the 3rd quarter worth about $66,000. 92.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AZO has been the subject of a number of research analyst reports. Evercore ISI lifted their price objective on shares of AutoZone from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Guggenheim lifted their price objective on shares of AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. 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. Truist Financial boosted their price target on shares of AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, Argus boosted their price target on shares of AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $3,429.84.

AutoZone Trading Up 1.6 %

NYSE:AZO opened at $3,448.29 on Friday. The company has a market cap of $57.86 billion, a PE ratio of 23.04, a P/E/G ratio of 1.86 and a beta of 0.70. AutoZone, Inc. has a twelve month low of $2,728.97 and a twelve month high of $3,484.42. The company’s 50 day moving average is $3,332.11 and its two-hundred day moving average is $3,214.44.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share for the quarter, missing the consensus estimate of $33.69 by ($1.17). The company had revenue of $4.28 billion for 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%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm posted $32.55 EPS. As a group, analysts expect that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

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.