Sapient Capital LLC Sells 21 Shares of AutoZone, Inc. (NYSE:AZO)

Sapient Capital LLC lessened its stake in AutoZone, Inc. (NYSE:AZO) by 13.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 136 shares of the company’s stock after selling 21 shares during the quarter. Sapient Capital LLC’s holdings in AutoZone were worth $435,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in shares of AutoZone in the 3rd quarter worth approximately $36,000. Carolina Wealth Advisors LLC bought a new stake in shares of AutoZone in the 3rd quarter worth approximately $47,000. Darwin Wealth Management LLC bought a new stake in shares of AutoZone in the 3rd quarter worth approximately $47,000. Crews Bank & Trust bought a new stake in shares of AutoZone in the 4th quarter worth approximately $61,000. Finally, McIlrath & Eck LLC raised its holdings in shares of AutoZone by 25.0% in the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after purchasing an additional 4 shares during the period. Institutional investors own 92.74% of the company’s stock.

Wall Street Analyst Weigh In

AZO has been the topic of a number of research reports. Roth Mkm reaffirmed a “buy” rating and issued a $3,634.00 price target on shares of AutoZone in a report on Wednesday, October 16th. Roth Capital raised shares of AutoZone to a “strong-buy” rating in a report on Tuesday, October 15th. Evercore ISI boosted their target price on shares of AutoZone from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Truist Financial boosted their target price on shares of AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, Wells Fargo & Company boosted their target price on shares of AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $3,429.84.

AutoZone Stock Performance

Shares of NYSE:AZO opened at $3,448.45 on Wednesday. AutoZone, Inc. has a 52-week low of $2,672.31 and a 52-week high of $3,484.42. The firm has a fifty day moving average of $3,297.17 and a 200 day moving average of $3,188.22. The firm has a market capitalization of $57.87 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 1.92 and a beta of 0.70.

AutoZone (NYSE:AZO) last announced its 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). 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 during the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter last year, the firm posted $32.55 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. On average, sell-side 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.