Wilmington Savings Fund Society FSB Has $810,000 Stake in AutoZone, Inc. (NYSE:AZO)

Wilmington Savings Fund Society FSB lifted its stake in shares of AutoZone, Inc. (NYSE:AZO) by 2.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 253 shares of the company’s stock after acquiring an additional 5 shares during the period. Wilmington Savings Fund Society FSB’s holdings in AutoZone were worth $810,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AZO. Capital Performance Advisors LLP acquired a new position in shares of AutoZone during the third quarter valued at about $36,000. Carolina Wealth Advisors LLC bought a new position in AutoZone in the third quarter worth approximately $47,000. Darwin Wealth Management LLC acquired a new stake in AutoZone in the third quarter valued at approximately $47,000. Crews Bank & Trust bought a new stake in shares of AutoZone during the fourth quarter valued at approximately $61,000. Finally, McIlrath & Eck LLC raised its position in shares of AutoZone by 25.0% during the third 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. 92.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Argus lifted 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. Citigroup boosted their target price on shares of AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Wells Fargo & Company raised their price target on shares of AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Mizuho increased their price objective on AutoZone from $3,350.00 to $3,600.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, 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. One equities 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $3,429.84.

AutoZone Price Performance

NYSE AZO opened at $3,428.09 on Tuesday. The stock has a market capitalization of $57.52 billion, a PE ratio of 22.90, a P/E/G ratio of 1.92 and a beta of 0.70. AutoZone, Inc. has a 1-year low of $2,672.31 and a 1-year high of $3,484.42. The business has a 50 day simple moving average of $3,292.17 and a two-hundred day simple moving average of $3,185.47.

AutoZone (NYSE:AZO) last announced its earnings results 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 net margin of 14.18% and a negative return on equity of 53.89%. The business 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 firm’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, analysts anticipate 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.