Hilltop National Bank Sells 5 Shares of AutoZone, Inc. (NYSE:AZO)

Hilltop National Bank cut its position in AutoZone, Inc. (NYSE:AZO) by 4.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 110 shares of the company’s stock after selling 5 shares during the period. Hilltop National Bank’s holdings in AutoZone were worth $352,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Fortem Financial Group LLC raised its position in AutoZone by 4.7% in the fourth quarter. Fortem Financial Group LLC now owns 377 shares of the company’s stock valued at $1,207,000 after purchasing an additional 17 shares during the last quarter. Kings Path Partners LLC acquired a new stake in shares of AutoZone in the fourth quarter valued at about $1,073,000. Silverleafe Capital Partners LLC increased its stake in shares of AutoZone by 1.0% in the fourth quarter. Silverleafe Capital Partners LLC now owns 2,642 shares of the company’s stock valued at $8,460,000 after buying an additional 26 shares during the period. Pensionfund Sabic increased its stake in shares of AutoZone by 51.3% in the fourth quarter. Pensionfund Sabic now owns 590 shares of the company’s stock valued at $1,889,000 after buying an additional 200 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of AutoZone by 17.2% in the fourth quarter. GAMMA Investing LLC now owns 177 shares of the company’s stock valued at $567,000 after buying an additional 26 shares during the period. 92.74% of the stock is currently owned by institutional investors.

AutoZone Stock Down 1.4 %

AZO stock opened at $3,256.42 on Friday. AutoZone, Inc. has a twelve month low of $2,512.61 and a twelve month high of $3,416.71. The stock’s 50 day moving average is $3,212.55 and its 200-day moving average is $3,122.56. The firm has a market capitalization of $54.65 billion, a PE ratio of 21.76, a P/E/G ratio of 1.73 and a beta of 0.71.

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 net margin of 14.18% and a negative return on equity of 53.89%. The company had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the business earned $32.55 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities research analysts anticipate that AutoZone, Inc. will post 154.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. StockNews.com cut AutoZone from a “buy” rating to a “hold” rating in a research note on Saturday, September 21st. TD Cowen increased 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. 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 research note on Wednesday, December 11th. BNP Paribas raised AutoZone to a “strong-buy” rating in a research note on Wednesday, September 25th. Finally, Barclays raised their target price on AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company has an average 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.