Hilltop National Bank Has $352,000 Stock Position in AutoZone, Inc. (NYSE:AZO)

Hilltop National Bank decreased its stake in shares of AutoZone, Inc. (NYSE:AZO) by 4.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 110 shares of the company’s stock after selling 5 shares during the quarter. Hilltop National Bank’s holdings in AutoZone were worth $352,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Fortem Financial Group LLC increased its position in shares of AutoZone by 4.7% during the 4th quarter. Fortem Financial Group LLC now owns 377 shares of the company’s stock worth $1,207,000 after purchasing an additional 17 shares during the last quarter. Kings Path Partners LLC acquired a new position in shares of AutoZone during the 4th quarter worth approximately $1,073,000. Silverleafe Capital Partners LLC boosted its stake in shares of AutoZone by 1.0% during the 4th quarter. Silverleafe Capital Partners LLC now owns 2,642 shares of the company’s stock worth $8,460,000 after acquiring an additional 26 shares during the period. Pensionfund Sabic boosted its stake in shares of AutoZone by 51.3% during the 4th quarter. Pensionfund Sabic now owns 590 shares of the company’s stock worth $1,889,000 after acquiring an additional 200 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of AutoZone by 17.2% during the 4th quarter. GAMMA Investing LLC now owns 177 shares of the company’s stock worth $567,000 after acquiring an additional 26 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Stock Down 1.4 %

Shares of 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 company has a market cap of $54.65 billion, a P/E ratio of 21.76, a P/E/G ratio of 1.73 and a beta of 0.71. The business has a fifty day simple moving average of $3,212.55 and a 200 day simple moving average of $3,122.56.

AutoZone (NYSE:AZO) last announced its quarterly earnings data 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). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the company earned $32.55 earnings per share. AutoZone’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, equities research analysts anticipate that AutoZone, Inc. will post 154.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on AZO. StockNews.com lowered AutoZone from a “buy” rating to a “hold” rating in a report on Saturday, September 21st. Roth Capital raised AutoZone to a “strong-buy” rating in a report on Tuesday, October 15th. Mizuho boosted their target price on AutoZone from $3,350.00 to $3,600.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. DA Davidson reissued a “neutral” rating and set a $3,025.00 target price on shares of AutoZone in a report on Monday, September 30th. Finally, Citigroup boosted their target price on AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. 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 assigned a strong buy rating to the stock. According to MarketBeat.com, AutoZone presently has a consensus rating of “Moderate Buy” and a consensus price target 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.