C WorldWide Group Holding A S Decreases Stock Holdings in AutoZone, Inc. (NYSE:AZO)

C WorldWide Group Holding A S lowered its stake in shares of AutoZone, Inc. (NYSE:AZO) by 71.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 185 shares of the company’s stock after selling 465 shares during the period. C WorldWide Group Holding A S’s holdings in AutoZone were worth $592,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in AZO. Capital Performance Advisors LLP purchased a new stake in AutoZone during the third quarter worth about $36,000. Darwin Wealth Management LLC acquired a new position in AutoZone during the third quarter worth about $47,000. Crews Bank & Trust acquired a new position in AutoZone during the fourth quarter worth about $61,000. McIlrath & Eck LLC raised its position in AutoZone by 25.0% during the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after acquiring an additional 4 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in AutoZone during the third quarter worth about $66,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Stock Performance

Shares of AZO stock opened at $3,366.15 on Monday. AutoZone, Inc. has a one year low of $2,708.09 and a one year high of $3,484.42. The company has a 50 day moving average price of $3,321.62 and a 200 day moving average price of $3,207.75. The firm has a market capitalization of $56.48 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 1.88 and a beta of 0.70.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 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 for the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the company posted $32.55 EPS. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AZO shares. TD Cowen lifted their target price on shares of AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Citigroup lifted their target price on shares of AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Wells Fargo & Company lifted their target price on shares of AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Guggenheim lifted their target price on shares of AutoZone from $3,350.00 to $3,750.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, Truist Financial boosted their price objective on shares of AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a research 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.