Mutual Advisors LLC Sells 8 Shares of AutoZone, Inc. (NYSE:AZO)

Mutual Advisors LLC trimmed its position in AutoZone, Inc. (NYSE:AZO) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 375 shares of the company’s stock after selling 8 shares during the quarter. Mutual Advisors LLC’s holdings in AutoZone were worth $1,198,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in shares of AutoZone during the 3rd quarter worth about $36,000. Carolina Wealth Advisors LLC acquired a new position in AutoZone in the third quarter worth about $47,000. Darwin Wealth Management LLC bought a new position in AutoZone during the third quarter worth about $47,000. McIlrath & Eck LLC boosted its holdings in AutoZone by 25.0% during the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after purchasing an additional 4 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in shares of AutoZone in the 3rd quarter valued at approximately $66,000. 92.74% of the stock is owned by institutional investors.

AutoZone Price Performance

Shares of NYSE AZO opened at $3,328.28 on Friday. AutoZone, Inc. has a fifty-two week low of $2,672.31 and a fifty-two week high of $3,416.71. The firm has a market capitalization of $55.85 billion, a P/E ratio of 22.24, a P/E/G ratio of 1.84 and a beta of 0.71. The company’s 50 day simple moving average is $3,238.73 and its 200 day simple moving average is $3,149.01.

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

Analyst Upgrades and Downgrades

AZO has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price target on AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Roth Mkm reaffirmed a “buy” rating and issued a $3,634.00 target price on shares of AutoZone in a report on Wednesday, October 16th. Argus lifted their price target on shares of AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Barclays upped their price objective on shares of AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Finally, Truist Financial lifted their target price on shares of AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $3,429.84.

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.