AutoZone, Inc. (NYSE:AZO) Shares Sold by Dynasty Wealth Management LLC

Dynasty Wealth Management LLC lessened its position in shares of AutoZone, Inc. (NYSE:AZO) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 529 shares of the company’s stock after selling 6 shares during the period. Dynasty Wealth Management LLC’s holdings in AutoZone were worth $1,692,000 as of its most recent SEC filing.

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

AutoZone Trading Up 1.6 %

AZO stock opened at $3,448.29 on Friday. The firm has a market cap of $57.86 billion, a PE ratio of 23.04, a PEG ratio of 1.86 and a beta of 0.70. AutoZone, Inc. has a 1 year low of $2,728.97 and a 1 year high of $3,484.42. The company has a fifty day simple moving average of $3,332.11 and a 200 day simple moving average of $3,214.44.

AutoZone (NYSE:AZO) last issued its quarterly earnings data 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 during 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 previous year, the business posted $32.55 earnings per share. As a group, analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on AZO shares. Guggenheim increased their target price 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. BMO Capital Markets initiated coverage on shares of AutoZone in a report on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 price objective on the stock. Wells Fargo & Company raised their price target 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. Mizuho boosted their price objective on AutoZone from $3,350.00 to $3,600.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, 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. One analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.