Hantz Financial Services Inc. Raises Stock Position in AutoZone, Inc. (NYSE:AZO)

Hantz Financial Services Inc. increased its position in shares of AutoZone, Inc. (NYSE:AZO) by 10.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,556 shares of the company’s stock after purchasing an additional 144 shares during the period. Hantz Financial Services Inc.’s holdings in AutoZone were worth $4,982,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AZO. NewEdge Advisors LLC boosted its stake in shares of AutoZone by 42.7% during the 2nd quarter. NewEdge Advisors LLC now owns 896 shares of the company’s stock worth $2,657,000 after purchasing an additional 268 shares during the period. Sunbelt Securities Inc. boosted its stake in shares of AutoZone by 34.2% during the 2nd quarter. Sunbelt Securities Inc. now owns 106 shares of the company’s stock worth $314,000 after purchasing an additional 27 shares during the period. Regal Investment Advisors LLC boosted its stake in shares of AutoZone by 39.3% during the 2nd quarter. Regal Investment Advisors LLC now owns 248 shares of the company’s stock worth $735,000 after purchasing an additional 70 shares during the period. 3Chopt Investment Partners LLC purchased a new position in shares of AutoZone during the 2nd quarter worth about $362,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of AutoZone during the 2nd quarter worth about $2,249,000. 92.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on AZO shares. Truist Financial lifted their price target on shares of AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. 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. TD Cowen lifted their price objective on shares of AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a report on Monday, December 16th. 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. Finally, Barclays lifted their price objective on shares of AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, three have issued 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 stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $3,429.84.

AutoZone Stock Down 0.1 %

NYSE AZO opened at $3,315.50 on Thursday. The firm has a market cap of $55.63 billion, a PE ratio of 22.15, a price-to-earnings-growth ratio of 1.84 and a beta of 0.71. The company has a 50 day moving average price of $3,247.14 and a 200 day moving average price of $3,159.59. AutoZone, Inc. has a 52 week low of $2,672.31 and a 52 week high of $3,437.63.

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. On average, equities research analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal 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.