Recently, investment entities have shown changes in their holdings in
AutoZone (AZO). Notably,
Hennion & Walsh Asset Management and
Romano Brothers trimmed their stake, while
Hennessey Advisors and
Wealth Enhancement Advisory Services LLC increased their investments. Moreover, AZO's market performance remained solid with a rating reaffirmation by
Oppenheimer. Fueled by robust
commercial sales, AZO's earnings for Q4 topped estimates. The firm's share price has seen a significant surge with
Guggenheim and
Evercore ISI raising their price targets. Corporate actions such as shares buybacks seemed to bolster investor confidence. Despite instances of missed revenue estimates, AZO remains a
value buy and show promising growth, with investors seeing a return of around
200-287% over the past five years. There appear to be questions about underlying issues pertaining to profitability. However, AZO continues to outperform in the market and is posited as a viable investment for the long term.
Executive Chairman RHODES WILLIAM C III and
Senior Vice President Eric Gould sold a considerable amount of shares, but this hasn't hampered AZO's growth trajectory.
Vanguard Group Inc has a substantial stake in AZO, exemplifying strong market confidence, even as insider selling raises potential bearish inquiries.
Autozone AZO News Analytics from Tue, 31 Oct 2023 07:00:00 GMT to Sun, 30 Jun 2024 14:08:32 GMT -
Rating 6
- Innovation 7
- Information 8
- Rumor 4
