Capital Investment Advisory Services LLC Sells 5 Shares of AutoZone, Inc. (NYSE:AZO)

Capital Investment Advisory Services LLC reduced its stake in shares of AutoZone, Inc. (NYSE:AZO) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 457 shares of the company’s stock after selling 5 shares during the period. Capital Investment Advisory Services LLC’s holdings in AutoZone were worth $1,463,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in AutoZone during the 3rd quarter worth $36,000. Carolina Wealth Advisors LLC acquired a new stake in AutoZone during the 3rd quarter worth about $47,000. Darwin Wealth Management LLC acquired a new stake in AutoZone during the 3rd quarter worth about $47,000. McIlrath & Eck LLC grew its holdings in AutoZone by 25.0% during the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after acquiring an additional 4 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new stake in AutoZone during the 3rd quarter worth about $66,000. 92.74% of the stock is owned by institutional investors.

AutoZone Stock Performance

Shares of NYSE AZO opened at $3,355.54 on Friday. AutoZone, Inc. has a fifty-two week low of $2,672.31 and a fifty-two week high of $3,437.63. The firm’s 50-day simple moving average is $3,252.46 and its 200 day simple moving average is $3,160.68. The stock has a market cap of $56.31 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 1.84 and a beta of 0.71.

AutoZone (NYSE:AZO) last posted its 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 firm had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the prior year, the business earned $32.55 EPS. AutoZone’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, sell-side analysts predict that AutoZone, Inc. will post 152.94 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AZO shares. Argus increased their price target on AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Roth Mkm reiterated a “buy” rating and set a $3,634.00 price target on shares of AutoZone in a report on Wednesday, October 16th. TD Cowen increased their price target on AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Wells Fargo & Company raised their target price on AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Finally, Roth Capital upgraded AutoZone to a “strong-buy” rating in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.