Steward Partners Investment Advisory LLC Sells 110 Shares of AutoZone, Inc. (NYSE:AZO)

Steward Partners Investment Advisory LLC lowered its position in AutoZone, Inc. (NYSE:AZO) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,339 shares of the company’s stock after selling 110 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in AutoZone were worth $7,489,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Meridian Wealth Management LLC grew its position in shares of AutoZone by 2.8% during the 4th quarter. Meridian Wealth Management LLC now owns 146 shares of the company’s stock worth $466,000 after buying an additional 4 shares in the last quarter. Fidelis Capital Partners LLC lifted its stake in AutoZone by 17.4% in the fourth quarter. Fidelis Capital Partners LLC now owns 196 shares of the company’s stock worth $673,000 after acquiring an additional 29 shares during the period. LGT Fund Management Co Ltd. grew its holdings in AutoZone by 19.8% during the 4th quarter. LGT Fund Management Co Ltd. now owns 884 shares of the company’s stock worth $2,831,000 after acquiring an additional 146 shares in the last quarter. LGT Group Foundation increased its position in AutoZone by 1.8% during the 4th quarter. LGT Group Foundation now owns 1,138 shares of the company’s stock valued at $3,644,000 after purchasing an additional 20 shares during the period. Finally, DJE Kapital AG purchased a new position in AutoZone during the 4th quarter valued at about $254,000. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

AutoZone Stock Performance

AutoZone stock opened at $3,569.49 on Thursday. The business’s 50-day simple moving average is $3,351.07 and its two-hundred day simple moving average is $3,223.79. The company has a market cap of $59.90 billion, a PE ratio of 23.85, a PEG ratio of 1.86 and a beta of 0.71. AutoZone, Inc. has a fifty-two week low of $2,728.97 and a fifty-two week high of $3,570.50.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing analysts’ consensus estimates of $29.11 by ($0.82). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The firm had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.98 billion. As a group, analysts predict that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AZO shares. Guggenheim upped their price target on shares of AutoZone from $3,750.00 to $3,850.00 and gave the stock a “buy” rating in a research report on Wednesday. Roth Mkm increased their target price on AutoZone from $3,634.00 to $3,763.00 and gave the company a “buy” rating in a research report on Wednesday. Argus downgraded AutoZone from a “buy” rating to a “hold” rating in a report on Wednesday. Mizuho upped their price objective on AutoZone from $3,600.00 to $3,740.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, DA Davidson lifted their target price on AutoZone from $3,350.00 to $3,500.00 and gave the company a “neutral” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $3,646.62.

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.