AutoZone, Inc. (NYSE:AZO) Position Trimmed by Stephens Inc. AR

Stephens Inc. AR trimmed its stake in AutoZone, Inc. (NYSE:AZO) by 6.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,280 shares of the company’s stock after selling 226 shares during the quarter. Stephens Inc. AR’s holdings in AutoZone were worth $10,503,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in AZO. Capital Performance Advisors LLP acquired a new position in AutoZone in the 3rd quarter valued at approximately $36,000. Carolina Wealth Advisors LLC purchased a new position in shares of AutoZone during the 3rd quarter valued at $47,000. Darwin Wealth Management LLC acquired a new position in shares of AutoZone in the third quarter worth $47,000. Crews Bank & Trust purchased a new stake in shares of AutoZone during the fourth quarter worth $61,000. Finally, McIlrath & Eck LLC boosted its position in AutoZone by 25.0% during the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after purchasing an additional 4 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on AZO. Truist Financial upped their target price on AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Citigroup raised their price objective on shares of AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Wells Fargo & Company boosted their target price on shares of AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Evercore ISI raised their price target 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. Finally, TD Cowen upped their price objective on shares of AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $3,429.84.

AutoZone Trading Down 1.3 %

AZO opened at $3,420.42 on Monday. The business has a 50 day moving average of $3,292.17 and a 200-day moving average of $3,183.76. The stock has a market capitalization of $57.39 billion, a price-to-earnings ratio of 22.85, 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.

AutoZone (NYSE:AZO) last issued its quarterly 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 period last year, the company earned $32.55 earnings per share. AutoZone’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts predict that AutoZone, Inc. will post 152.94 EPS for the current 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.