Dynasty Wealth Management LLC Has $1.69 Million Stake in AutoZone, Inc. (NYSE:AZO)

Dynasty Wealth Management LLC lowered its stake in shares of AutoZone, Inc. (NYSE:AZO) by 1.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 529 shares of the company’s stock after selling 6 shares during the period. Dynasty Wealth Management LLC’s holdings in AutoZone were worth $1,692,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in shares of AutoZone in the 3rd quarter worth approximately $36,000. Darwin Wealth Management LLC acquired a new position in shares of AutoZone in the third quarter valued at $47,000. Crews Bank & Trust bought a new position in AutoZone in the fourth quarter worth $61,000. McIlrath & Eck LLC boosted its stake 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 buying an additional 4 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in AutoZone during the third quarter worth $66,000. 92.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AZO. Truist Financial increased 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 note on Wednesday, December 11th. Evercore ISI raised their price target on shares of AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Mizuho upped their price objective on AutoZone from $3,350.00 to $3,600.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Barclays raised their target price on AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Finally, Guggenheim increased their price objective on AutoZone from $3,350.00 to $3,750.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. One 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $3,429.84.

AutoZone Trading Up 1.6 %

Shares of AZO opened at $3,448.29 on Friday. The stock has a market cap of $57.86 billion, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 1.86 and a beta of 0.70. The stock’s 50-day moving average price is $3,332.11 and its two-hundred day moving average price is $3,214.44. AutoZone, Inc. has a 1 year low of $2,728.97 and a 1 year high of $3,484.42.

AutoZone (NYSE:AZO) last issued its quarterly earnings data 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 business had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period in the previous year, the business posted $32.55 EPS. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current year.

AutoZone Company 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.