Capital Investment Advisory Services LLC Sells 5 Shares of AutoZone, Inc. (NYSE:AZO)

Capital Investment Advisory Services LLC lessened its stake in shares of AutoZone, Inc. (NYSE:AZO) by 1.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 457 shares of the company’s stock after selling 5 shares during the period. Capital Investment Advisory Services LLC’s holdings in AutoZone were worth $1,463,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on AZO shares. Citigroup boosted their price target on AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Wells Fargo & Company boosted their price target on AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Barclays boosted their price target on AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Guggenheim boosted their price target on AutoZone from $3,350.00 to $3,750.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, Truist Financial upped their target price on AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $3,429.84.

AutoZone Price Performance

NYSE AZO opened at $3,355.54 on Friday. AutoZone, Inc. has a fifty-two week low of $2,672.31 and a fifty-two week high of $3,437.63. The stock has a market capitalization of $56.31 billion, a PE ratio of 22.42, a PEG ratio of 1.84 and a beta of 0.71. The business has a fifty day moving average price of $3,252.46 and a two-hundred day moving average price of $3,160.68.

AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 EPS 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 firm had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the previous year, the company posted $32.55 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. As a group, sell-side analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current year.

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.