Fee Only Financial Planning L.C. Sells 6 Shares of AutoZone, Inc. (NYSE:AZO)

Fee Only Financial Planning L.C. cut its holdings in AutoZone, Inc. (NYSE:AZO) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 107 shares of the company’s stock after selling 6 shares during the period. Fee Only Financial Planning L.C.’s holdings in AutoZone were worth $343,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AZO. Capital Performance Advisors LLP purchased a new position in shares of AutoZone during the 3rd quarter worth about $36,000. Darwin Wealth Management LLC purchased a new position in shares of AutoZone during the 3rd quarter worth about $47,000. Crews Bank & Trust purchased a new position in shares of AutoZone during the 4th quarter worth about $61,000. McIlrath & Eck LLC boosted its stake in shares of AutoZone by 25.0% during 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. Finally, Ashton Thomas Securities LLC purchased a new position in shares of AutoZone during the 3rd quarter worth about $66,000. 92.74% of the stock is currently owned by institutional investors.

AutoZone Stock Performance

NYSE AZO opened at $3,388.21 on Thursday. The firm’s 50 day moving average price is $3,327.45 and its 200-day moving average price is $3,212.80. AutoZone, Inc. has a 52-week low of $2,728.97 and a 52-week high of $3,484.42. The company has a market cap of $56.85 billion, a PE ratio of 22.64, a P/E/G ratio of 1.86 and a beta of 0.70.

AutoZone (NYSE:AZO) last released its quarterly earnings data 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 net margin of 14.18% and a negative return on equity of 53.89%. The business had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the business posted $32.55 earnings per share. AutoZone’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on AZO shares. TD Cowen lifted their price target on shares of AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Guggenheim lifted their price target on shares of AutoZone from $3,350.00 to $3,750.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Mizuho lifted their price target on shares of AutoZone from $3,350.00 to $3,600.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. BMO Capital Markets began coverage on shares of AutoZone in a research report on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 price objective for the company. Finally, Truist Financial upped their target price on shares of AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.