Lodestar Private Asset Management LLC Sells 5 Shares of AutoZone, Inc. (NYSE:AZO)

Lodestar Private Asset Management LLC trimmed its position in shares of AutoZone, Inc. (NYSE:AZO) by 6.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 75 shares of the company’s stock after selling 5 shares during the quarter. Lodestar Private Asset Management LLC’s holdings in AutoZone were worth $240,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in AutoZone during the 3rd quarter valued at $36,000. Carolina Wealth Advisors LLC bought a new stake in shares of AutoZone during the 3rd quarter valued at about $47,000. Darwin Wealth Management LLC purchased a new position in shares of AutoZone during the third quarter valued at about $47,000. Crews Bank & Trust bought a new position in AutoZone in the fourth quarter worth about $61,000. Finally, McIlrath & Eck LLC lifted its holdings in AutoZone by 25.0% in the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after buying an additional 4 shares during the period. 92.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on AZO shares. Barclays increased their target price on AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Mizuho raised their price objective on AutoZone from $3,350.00 to $3,600.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. TD Cowen upped their target price on shares of AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. BMO Capital Markets assumed coverage on shares of AutoZone in a research report on Friday, December 13th. They set an “outperform” rating and a $3,700.00 price target for the company. Finally, Wells Fargo & Company boosted their price objective on shares of AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $3,429.84.

AutoZone Stock Performance

Shares of NYSE:AZO opened at $3,420.42 on Friday. The business has a 50-day simple moving average of $3,287.30 and a two-hundred day simple moving average of $3,178.73. The firm has a market cap of $57.40 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 1.85 and a beta of 0.70. AutoZone, Inc. has a fifty-two week low of $2,672.31 and a fifty-two week high of $3,484.42.

AutoZone (NYSE:AZO) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter last year, the company earned $32.55 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, research analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current 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.