Argonautica Private Wealth Management Inc. Sells 3 Shares of AutoZone, Inc. (NYSE:AZO)

Argonautica Private Wealth Management Inc. lowered its stake in shares of AutoZone, Inc. (NYSE:AZO) by 3.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 91 shares of the company’s stock after selling 3 shares during the quarter. Argonautica Private Wealth Management Inc.’s holdings in AutoZone were worth $291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of AZO. Capital Performance Advisors LLP bought a new position in shares of AutoZone during the third quarter valued at approximately $36,000. Darwin Wealth Management LLC purchased a new stake in shares of AutoZone in the 3rd quarter worth approximately $47,000. Crews Bank & Trust bought a new position in AutoZone during the 4th quarter valued at approximately $61,000. McIlrath & Eck LLC boosted its stake in AutoZone by 25.0% in the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after purchasing an additional 4 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in AutoZone during the 3rd quarter valued at about $66,000. 92.74% of the stock is owned by institutional investors.

AutoZone Trading Up 0.6 %

Shares of AutoZone stock opened at $3,421.48 on Wednesday. The firm’s 50-day moving average price is $3,324.46 and its 200 day moving average price is $3,211.56. The firm has a market capitalization of $57.41 billion, a PE ratio of 22.86, a P/E/G ratio of 1.86 and a beta of 0.70. AutoZone, Inc. has a twelve month low of $2,708.09 and a twelve month high of $3,484.42.

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

Analysts Set New Price Targets

A number of analysts have commented on AZO shares. 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. Evercore ISI lifted their price objective on AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Wells Fargo & Company upped their target price 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. Argus lifted their price target on shares of AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Finally, Truist Financial raised their target price on shares of AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average 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.