AutoZone, Inc. (NYSE:AZO) Shares Sold by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC trimmed its holdings in AutoZone, Inc. (NYSE:AZO) by 0.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,319 shares of the company’s stock after selling 11 shares during the period. Resonant Capital Advisors LLC’s holdings in AutoZone were worth $4,223,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in shares of AutoZone in the 3rd quarter valued at approximately $36,000. Carolina Wealth Advisors LLC acquired a new position in shares of AutoZone in the 3rd quarter valued at approximately $47,000. Darwin Wealth Management LLC acquired a new position in shares of AutoZone in the 3rd quarter valued at approximately $47,000. Crews Bank & Trust acquired a new position in shares of AutoZone in the 4th quarter valued at approximately $61,000. Finally, McIlrath & Eck LLC raised its position in shares of 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 acquiring an additional 4 shares in the last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AZO has been the topic of several research analyst reports. Wells Fargo & Company raised their price objective on AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Argus raised their price objective on AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Citigroup raised their price objective on AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Evercore ISI raised their price objective on AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, The Goldman Sachs Group cut AutoZone from a “buy” rating to a “sell” rating and reduced their price objective for the stock from $3,205.00 to $2,917.00 in a research note on Monday, October 14th. One investment 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 company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $3,429.84.

AutoZone Stock Performance

Shares of AZO opened at $3,354.35 on Monday. The firm has a market capitalization of $56.29 billion, a price-to-earnings ratio of 22.41, a price-to-earnings-growth ratio of 1.85 and a beta of 0.70. AutoZone, Inc. has a one year low of $2,672.31 and a one year high of $3,437.63. The stock’s fifty day moving average is $3,263.25 and its 200-day moving average is $3,166.16.

AutoZone (NYSE:AZO) last issued 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). The business had revenue of $4.28 billion for 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 period last year, the business posted $32.55 earnings per share. Analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current fiscal 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.