AutoZone, Inc. (NYSE:AZO) Shares Sold by Wealthspire Advisors LLC

Wealthspire Advisors LLC lessened its stake in shares of AutoZone, Inc. (NYSE:AZO) by 4.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 312 shares of the company’s stock after selling 14 shares during the period. Wealthspire Advisors LLC’s holdings in AutoZone were worth $999,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of AZO. Allworth Financial LP lifted its holdings in shares of AutoZone by 5.0% during the third quarter. Allworth Financial LP now owns 84 shares of the company’s stock valued at $265,000 after purchasing an additional 4 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in AutoZone by 44.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,235 shares of the company’s stock valued at $7,040,000 after buying an additional 685 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in AutoZone by 0.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 15,359 shares of the company’s stock valued at $48,742,000 after buying an additional 60 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of AutoZone by 1.6% in the third quarter. Nisa Investment Advisors LLC now owns 6,157 shares of the company’s stock worth $19,395,000 after buying an additional 95 shares during the period. Finally, Hunter Associates Investment Management LLC increased its position in shares of AutoZone by 2.0% in the third quarter. Hunter Associates Investment Management LLC now owns 812 shares of the company’s stock worth $2,544,000 after acquiring an additional 16 shares in the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Trading Up 0.6 %

AutoZone stock opened at $3,421.48 on Wednesday. AutoZone, Inc. has a 1-year low of $2,708.09 and a 1-year high of $3,484.42. The firm’s fifty day simple moving average is $3,324.46 and its 200-day simple moving average is $3,211.56. The company has a market capitalization of $57.41 billion, a P/E ratio of 22.86, a P/E/G ratio of 1.86 and a beta of 0.70.

AutoZone (NYSE:AZO) last posted its 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 company had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. AutoZone’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business earned $32.55 earnings per share. On average, equities research analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Mizuho upped their price target on shares of AutoZone from $3,350.00 to $3,600.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Citigroup increased their target price on AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Evercore ISI raised their target price on AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Argus upped their price target on AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Finally, TD Cowen raised their price objective on AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.