AutoZone, Inc. (NYSE:AZO) Shares Sold by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC trimmed its position in AutoZone, Inc. (NYSE:AZO) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 276 shares of the company’s stock after selling 9 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in AutoZone were worth $884,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AZO. Capital Performance Advisors LLP purchased a new position in AutoZone in the third quarter worth approximately $36,000. Carolina Wealth Advisors LLC purchased a new position in shares of AutoZone during the 3rd quarter worth $47,000. Darwin Wealth Management LLC acquired a new stake in shares of AutoZone during the 3rd quarter worth about $47,000. Crews Bank & Trust purchased a new stake in AutoZone in the 4th quarter valued at about $61,000. Finally, McIlrath & Eck LLC lifted its position in AutoZone by 25.0% in the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after buying an additional 4 shares during the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Stock Down 1.3 %

Shares of AZO opened at $3,420.42 on Monday. AutoZone, Inc. has a 52-week low of $2,672.31 and a 52-week high of $3,484.42. The stock has a 50 day moving average price of $3,292.17 and a 200 day moving average price of $3,183.76. The company has a market capitalization of $57.39 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 1.92 and a beta of 0.70.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, December 10th. The company reported $32.52 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 company had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.30 billion. During the same period last year, the business earned $32.55 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities analysts anticipate that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Analyst Ratings Changes

AZO has been the subject of a number of recent analyst reports. Roth Mkm reiterated a “buy” rating and set a $3,634.00 price target on shares of AutoZone in a research report on Wednesday, October 16th. The Goldman Sachs Group cut AutoZone from a “buy” rating to a “sell” rating and decreased their price target for the stock from $3,205.00 to $2,917.00 in a research note on Monday, October 14th. Argus boosted their price objective on AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Roth Capital upgraded AutoZone to a “strong-buy” rating in a report on Tuesday, October 15th. Finally, Barclays boosted their price target on shares of AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, AutoZone presently has an average 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.