Monument Capital Management Reduces Position in AutoZone, Inc. (NYSE:AZO)

Monument Capital Management decreased its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 125 shares of the company’s stock after selling 3 shares during the quarter. Monument Capital Management’s holdings in AutoZone were worth $400,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in AutoZone in the 3rd quarter valued at $36,000. Carolina Wealth Advisors LLC purchased a new position in shares of AutoZone in the third quarter valued at $47,000. Darwin Wealth Management LLC acquired a new position in AutoZone during the third quarter worth about $47,000. Crews Bank & Trust purchased a new stake in AutoZone in the 4th quarter valued at approximately $61,000. Finally, McIlrath & Eck LLC boosted its stake in shares of AutoZone by 25.0% during the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after acquiring an additional 4 shares during the last quarter. 92.74% of the stock is owned by hedge funds and other institutional investors.

AutoZone Trading Down 0.2 %

Shares of AZO stock opened at $3,461.94 on Monday. AutoZone, Inc. has a 1 year low of $2,680.96 and a 1 year high of $3,484.42. The firm has a market capitalization of $58.10 billion, a P/E ratio of 23.13, a PEG ratio of 1.92 and a beta of 0.70. The firm’s fifty day moving average price is $3,315.89 and its two-hundred day moving average price is $3,197.63.

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

Analyst Ratings Changes

A number of brokerages have recently commented on AZO. BMO Capital Markets initiated coverage on AutoZone in a research report on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 price objective for the company. Guggenheim raised their target price on AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Barclays raised their target price 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. TD Cowen increased their price objective on shares of AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Truist Financial boosted their price target on AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, AutoZone has a consensus rating of “Moderate Buy” and an average price target 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.