Coyle Financial Counsel LLC Sells 115 Shares of AutoZone, Inc. (NYSE:AZO)

Coyle Financial Counsel LLC cut its position in shares of AutoZone, Inc. (NYSE:AZO) by 16.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 583 shares of the company’s stock after selling 115 shares during the period. AutoZone comprises 0.6% of Coyle Financial Counsel LLC’s portfolio, making the stock its 25th biggest position. Coyle Financial Counsel LLC’s holdings in AutoZone were worth $1,867,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AZO. Allworth Financial LP raised its position in AutoZone by 5.0% during the 3rd quarter. Allworth Financial LP now owns 84 shares of the company’s stock valued at $265,000 after purchasing an additional 4 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of AutoZone by 44.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,235 shares of the company’s stock valued at $7,040,000 after acquiring an additional 685 shares during the period. Forsta AP Fonden increased its holdings in shares of AutoZone by 9.4% in the 3rd quarter. Forsta AP Fonden now owns 3,500 shares of the company’s stock valued at $11,025,000 after acquiring an additional 300 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in shares of AutoZone by 0.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 15,359 shares of the company’s stock valued at $48,742,000 after acquiring an additional 60 shares during the period. Finally, IVC Wealth Advisors LLC increased its holdings in shares of AutoZone by 4.4% in the 3rd quarter. IVC Wealth Advisors LLC now owns 95 shares of the company’s stock valued at $299,000 after acquiring an additional 4 shares during the period. 92.74% of the stock is owned by institutional investors.

AutoZone Stock Performance

Shares of AZO opened at $3,396.14 on Tuesday. The stock has a 50-day moving average of $3,322.47 and a two-hundred day moving average of $3,209.45. AutoZone, Inc. has a one year low of $2,708.09 and a one year high of $3,484.42. The stock has a market cap of $56.99 billion, a P/E ratio of 22.69, a P/E/G ratio of 1.86 and a beta of 0.70.

AutoZone (NYSE:AZO) last issued its quarterly 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 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 analyst estimates of $4.30 billion. During the same period in the prior year, the firm posted $32.55 EPS. The business’s revenue was up 2.1% compared to the same quarter last year. Analysts predict that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AZO. Wells Fargo & Company lifted their price target on AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Truist Financial lifted their price target on AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Argus lifted their price target on AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Mizuho lifted their price target on AutoZone from $3,350.00 to $3,600.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, Evercore ISI lifted their price target on AutoZone from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. One 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 given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $3,429.84.

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.