Choreo LLC Trims Holdings in AutoZone, Inc. (NYSE:AZO)

Choreo LLC cut its holdings in AutoZone, Inc. (NYSE:AZO) by 8.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 542 shares of the company’s stock after selling 50 shares during the quarter. Choreo LLC’s holdings in AutoZone were worth $1,729,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AZO. Capital Performance Advisors LLP purchased a new stake in shares of AutoZone in the 3rd quarter worth about $36,000. Carolina Wealth Advisors LLC purchased a new stake in AutoZone during the 3rd quarter valued at about $47,000. Darwin Wealth Management LLC purchased a new stake in AutoZone during the 3rd quarter valued at about $47,000. Crews Bank & Trust purchased a new stake in AutoZone during the 4th quarter valued at about $61,000. Finally, McIlrath & Eck LLC grew its position in AutoZone by 25.0% during 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 during the last quarter. 92.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AZO has been the topic of several recent analyst reports. Guggenheim increased their price objective on shares of AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Citigroup increased 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. The Goldman Sachs Group downgraded shares of AutoZone from a “buy” rating to a “sell” rating and cut their price objective for the company from $3,205.00 to $2,917.00 in a research report on Monday, October 14th. Evercore ISI increased their price objective on shares of AutoZone from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, Roth Mkm restated a “buy” rating and set a $3,634.00 target price on shares of AutoZone in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $3,429.84.

AutoZone Stock Down 1.3 %

Shares of NYSE:AZO opened at $3,420.42 on Friday. The firm’s 50 day moving average price is $3,287.30 and its 200-day moving average price is $3,178.73. The stock has a market capitalization of $57.40 billion, a PE ratio of 22.85, a price-to-earnings-growth ratio of 1.85 and a beta of 0.70. AutoZone, Inc. has a twelve month low of $2,672.31 and a twelve month high of $3,484.42.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $33.69 by ($1.17). The firm had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.30 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company posted $32.55 earnings per share. Analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

AutoZone 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.