Transcend Capital Advisors LLC Has $394,000 Stock Holdings in AutoZone, Inc. (NYSE:AZO)

Transcend Capital Advisors LLC decreased its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 3.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123 shares of the company’s stock after selling 4 shares during the quarter. Transcend Capital Advisors LLC’s holdings in AutoZone were worth $394,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Franklin Resources Inc. lifted its holdings in AutoZone by 18.1% during the 3rd quarter. Franklin Resources Inc. now owns 44,946 shares of the company’s stock valued at $141,717,000 after purchasing an additional 6,898 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in AutoZone by 186.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company’s stock valued at $292,544,000 after purchasing an additional 60,483 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in AutoZone by 29.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 34,808 shares of the company’s stock valued at $111,455,000 after purchasing an additional 7,922 shares during the last quarter. Silverleafe Capital Partners LLC lifted its holdings in AutoZone by 1.0% during the 4th quarter. Silverleafe Capital Partners LLC now owns 2,642 shares of the company’s stock valued at $8,460,000 after purchasing an additional 26 shares during the last quarter. Finally, Mizuho Securities USA LLC lifted its holdings in AutoZone by 592.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 9,210 shares of the company’s stock valued at $29,012,000 after purchasing an additional 7,879 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Trading Down 1.2 %

NYSE AZO opened at $3,366.15 on Monday. The firm has a market capitalization of $56.48 billion, a P/E ratio of 22.49, a PEG ratio of 1.88 and a beta of 0.70. The business has a fifty day simple moving average of $3,321.62 and a 200 day simple moving average of $3,207.75. AutoZone, Inc. has a 12 month low of $2,708.09 and a 12 month high of $3,484.42.

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

Wall Street Analysts Forecast Growth

AZO has been the subject of a number of research reports. Evercore ISI lifted their target price on AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Barclays lifted their target price on AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Citigroup lifted their target price on AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Argus lifted their target price on AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Finally, Guggenheim lifted their target price on AutoZone from $3,350.00 to $3,750.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $3,429.84.

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.