AutoZone, Inc. (NYSE:AZO) Shares Sold by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC trimmed its stake in shares of AutoZone, Inc. (NYSE:AZO) by 3.2% in the fourth quarter, Holdings Channel reports. The fund owned 276 shares of the company’s stock after selling 9 shares during the period. Moloney Securities Asset Management LLC’s holdings in AutoZone were worth $884,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC lifted its holdings in shares of AutoZone by 354,692.5% during the third quarter. International Assets Investment Management LLC now owns 993,419 shares of the company’s stock worth $31,293,100,000 after purchasing an additional 993,139 shares during the period. Geode Capital Management LLC raised its position in AutoZone by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 421,716 shares of the company’s stock worth $1,326,545,000 after buying an additional 7,365 shares during the last quarter. Marshfield Associates lifted its stake in shares of AutoZone by 0.5% in the 3rd quarter. Marshfield Associates now owns 169,586 shares of the company’s stock worth $534,204,000 after acquiring an additional 796 shares during the period. Strategic Financial Concepts LLC purchased a new stake in shares of AutoZone in the fourth quarter valued at about $471,629,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of AutoZone by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 104,665 shares of the company’s stock worth $329,699,000 after acquiring an additional 466 shares during the period. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

AutoZone Stock Down 1.3 %

AZO opened at $3,420.42 on Monday. The firm has a market cap of $57.39 billion, a P/E ratio of 22.85, a PEG ratio of 1.92 and a beta of 0.70. The business’s fifty day simple moving average is $3,292.17 and its 200 day simple moving average is $3,183.76. AutoZone, Inc. has a 52 week low of $2,672.31 and a 52 week high of $3,484.42.

AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $33.69 by ($1.17). The firm had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.30 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. AutoZone’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $32.55 earnings per share. As a group, equities analysts expect that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AZO shares. TD Cowen lifted their price objective on AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a report on Monday, December 16th. Barclays lifted their price target on AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Citigroup increased their price objective 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. The Goldman Sachs Group lowered shares of AutoZone from a “buy” rating to a “sell” rating and decreased their target price for the stock from $3,205.00 to $2,917.00 in a research report on Monday, October 14th. Finally, Roth Capital upgraded shares of AutoZone to a “strong-buy” rating in a report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.