Tacita Capital Inc Lowers Stock Holdings in AutoZone, Inc. (NYSE:AZO)

Tacita Capital Inc lowered its stake in shares of AutoZone, Inc. (NYSE:AZO) by 41.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14 shares of the company’s stock after selling 10 shares during the quarter. Tacita Capital Inc’s holdings in AutoZone were worth $45,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Capital Performance Advisors LLP purchased a new stake in AutoZone in the 3rd quarter valued at approximately $36,000. Darwin Wealth Management LLC purchased a new stake in AutoZone in the 3rd quarter valued at approximately $47,000. Crews Bank & Trust purchased a new stake in AutoZone in the 4th quarter valued at approximately $61,000. McIlrath & Eck LLC boosted its holdings in AutoZone by 25.0% in the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after purchasing an additional 4 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in AutoZone in the 3rd quarter valued at approximately $66,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Price Performance

Shares of AutoZone stock opened at $3,471.00 on Tuesday. AutoZone, Inc. has a 1 year low of $2,728.97 and a 1 year high of $3,519.00. The company has a market capitalization of $58.25 billion, a P/E ratio of 23.19, a P/E/G ratio of 1.86 and a beta of 0.70. The business has a 50 day moving average price of $3,341.31 and a 200 day moving average price of $3,219.44.

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 the consensus estimate of $33.69 by ($1.17). The business had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $32.55 earnings per share. As a group, research analysts expect that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AZO shares. BMO Capital Markets started coverage on AutoZone in a report on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 price objective on the stock. Mizuho lifted their price objective on AutoZone from $3,350.00 to $3,600.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Truist Financial lifted their price objective on AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Guggenheim boosted their price target on AutoZone from $3,350.00 to $3,750.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, Argus boosted their price target on AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, AutoZone currently has a consensus rating of “Moderate Buy” and a consensus target price of $3,442.61.

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.