Crewe Advisors LLC Cuts Stock Holdings in AutoZone, Inc. (NYSE:AZO)

Crewe Advisors LLC decreased its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 10.3% during the fourth quarter, HoldingsChannel reports. The firm owned 78 shares of the company’s stock after selling 9 shares during the period. Crewe Advisors LLC’s holdings in AutoZone were worth $250,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AZO. Czech National Bank grew its position in shares of AutoZone by 5.5% in the 3rd quarter. Czech National Bank now owns 3,479 shares of the company’s stock worth $10,959,000 after buying an additional 182 shares during the last quarter. Park Avenue Securities LLC grew its position in shares of AutoZone by 3.7% in the 3rd quarter. Park Avenue Securities LLC now owns 167 shares of the company’s stock worth $526,000 after buying an additional 6 shares during the last quarter. GAMMA Investing LLC grew its position in shares of AutoZone by 23.8% in the 3rd quarter. GAMMA Investing LLC now owns 151 shares of the company’s stock worth $476,000 after buying an additional 29 shares during the last quarter. Bangor Savings Bank purchased a new position in shares of AutoZone in the 3rd quarter worth approximately $145,000. Finally, Dynamic Advisor Solutions LLC grew its position in shares of AutoZone by 12.6% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 679 shares of the company’s stock worth $2,139,000 after buying an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Stock Up 0.6 %

AutoZone stock opened at $3,478.43 on Thursday. AutoZone, Inc. has a 52-week low of $2,672.31 and a 52-week high of $3,481.36. The firm has a market capitalization of $58.37 billion, a price-to-earnings ratio of 23.24, a PEG ratio of 1.85 and a beta of 0.70. The company has a fifty day simple moving average of $3,275.98 and a 200-day simple moving average of $3,174.59.

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 analysts’ consensus estimates of $33.69 by ($1.17). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the previous year, the company earned $32.55 EPS. AutoZone’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, research analysts anticipate that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AZO. Roth Capital upgraded shares of AutoZone to a “strong-buy” rating in a research note on Tuesday, October 15th. Citigroup lifted 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 note on Wednesday, December 11th. BMO Capital Markets assumed coverage on shares of AutoZone in a research note on Friday, December 13th. They set an “outperform” rating and a $3,700.00 price objective for the company. Wells Fargo & Company lifted their price objective on shares of AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Finally, Argus lifted their price objective on shares of AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. One research 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $3,429.84.

About AutoZone

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.