Bfsg LLC Sells 7 Shares of AutoZone, Inc. (NYSE:AZO)

Bfsg LLC lowered its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 22.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24 shares of the company’s stock after selling 7 shares during the period. Bfsg LLC’s holdings in AutoZone were worth $77,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AZO. Pittenger & Anderson Inc. boosted its holdings in shares of AutoZone by 5.2% during the 4th quarter. Pittenger & Anderson Inc. now owns 61 shares of the company’s stock worth $195,000 after buying an additional 3 shares in the last quarter. IVC Wealth Advisors LLC boosted its stake in AutoZone by 4.4% during the third quarter. IVC Wealth Advisors LLC now owns 95 shares of the company’s stock worth $299,000 after acquiring an additional 4 shares in the last quarter. Allworth Financial LP grew its holdings in AutoZone by 5.0% in the third quarter. Allworth Financial LP now owns 84 shares of the company’s stock worth $265,000 after purchasing an additional 4 shares during the period. Axxcess Wealth Management LLC increased its stake in AutoZone by 1.5% in the third quarter. Axxcess Wealth Management LLC now owns 267 shares of the company’s stock valued at $841,000 after purchasing an additional 4 shares in the last quarter. Finally, Moors & Cabot Inc. raised its holdings in shares of AutoZone by 4.2% during the third quarter. Moors & Cabot Inc. now owns 99 shares of the company’s stock valued at $312,000 after purchasing an additional 4 shares during the period. 92.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Guggenheim boosted their target price on AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Mizuho boosted their price objective on AutoZone from $3,350.00 to $3,600.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Truist Financial increased their target price on AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Barclays boosted their price target on shares of AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Finally, Citigroup raised 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. 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 issued a strong buy rating to the company. According to MarketBeat.com, AutoZone has an average rating of “Moderate Buy” and a consensus target price of $3,429.84.

AutoZone Stock Performance

AZO opened at $3,398.16 on Thursday. The firm has a market cap of $57.02 billion, a P/E ratio of 22.70, a PEG ratio of 1.91 and a beta of 0.70. AutoZone, Inc. has a fifty-two week low of $2,680.96 and a fifty-two week high of $3,484.42. The firm has a 50-day moving average of $3,320.42 and a 200 day moving average of $3,203.12.

AutoZone (NYSE:AZO) last released its 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). 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%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company earned $32.55 earnings per share. Equities research analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

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.