One Wealth Advisors LLC Sells 14 Shares of AutoZone, Inc. (NYSE:AZO)

One Wealth Advisors LLC cut its position in AutoZone, Inc. (NYSE:AZO) by 14.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 84 shares of the company’s stock after selling 14 shares during the period. One Wealth Advisors LLC’s holdings in AutoZone were worth $269,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC raised its position in AutoZone by 354,692.5% in the third quarter. International Assets Investment Management LLC now owns 993,419 shares of the company’s stock valued at $31,293,100,000 after purchasing an additional 993,139 shares during the last quarter. Geode Capital Management LLC raised its position in shares of AutoZone by 1.8% during the third quarter. Geode Capital Management LLC now owns 421,716 shares of the company’s stock worth $1,326,545,000 after acquiring an additional 7,365 shares during the last quarter. Marshfield Associates raised its position in shares of AutoZone by 0.5% during the third quarter. Marshfield Associates now owns 169,586 shares of the company’s stock worth $534,204,000 after acquiring an additional 796 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of AutoZone by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 104,665 shares of the company’s stock worth $329,699,000 after acquiring an additional 466 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of AutoZone by 186.8% during the third quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company’s stock worth $292,544,000 after acquiring an additional 60,483 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors.

AutoZone Stock Performance

Shares of AZO opened at $3,437.77 on Tuesday. The stock’s 50-day simple moving average is $3,263.25 and its 200 day simple moving average is $3,167.44. The stock has a market capitalization of $57.69 billion, a price-to-earnings ratio of 22.97, a price-to-earnings-growth ratio of 1.85 and a beta of 0.71. AutoZone, Inc. has a 52-week low of $2,672.31 and a 52-week high of $3,445.05.

AutoZone (NYSE:AZO) last released 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). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The business had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period in the previous year, the business earned $32.55 EPS. The business’s revenue was up 2.1% on a year-over-year basis. On average, research analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. 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. BMO Capital Markets assumed coverage on AutoZone in a report on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 target price for the company. The Goldman Sachs Group downgraded AutoZone from a “buy” rating to a “sell” rating and lowered their target price for the stock from $3,205.00 to $2,917.00 in a report on Monday, October 14th. Evercore ISI raised their price objective on AutoZone from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Finally, Argus lifted their target price 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.