Ritholtz Wealth Management Reduces Stock Position in AutoZone, Inc. (NYSE:AZO)

Ritholtz Wealth Management trimmed its stake in AutoZone, Inc. (NYSE:AZO) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,186 shares of the company’s stock after selling 17 shares during the period. Ritholtz Wealth Management’s holdings in AutoZone were worth $3,798,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Carnegie Investment Counsel increased its stake in AutoZone by 9.8% during the 4th quarter. Carnegie Investment Counsel now owns 1,230 shares of the company’s stock valued at $3,938,000 after purchasing an additional 110 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of AutoZone by 7.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 671 shares of the company’s stock worth $2,149,000 after buying an additional 45 shares during the last quarter. Lakewood Asset Management LLC lifted its holdings in AutoZone by 0.5% during the fourth quarter. Lakewood Asset Management LLC now owns 1,040 shares of the company’s stock valued at $3,330,000 after purchasing an additional 5 shares in the last quarter. Carolina Wealth Advisors LLC lifted its holdings in shares of AutoZone by 246.7% in the fourth quarter. Carolina Wealth Advisors LLC now owns 52 shares of the company’s stock worth $167,000 after buying an additional 37 shares in the last quarter. Finally, HCR Wealth Advisors lifted its holdings in shares of AutoZone by 2.7% in the fourth quarter. HCR Wealth Advisors now owns 1,649 shares of the company’s stock worth $5,280,000 after buying an additional 43 shares in the last quarter. 92.74% of the stock is owned by hedge funds and other institutional investors.

AutoZone Trading Down 0.4 %

Shares of NYSE:AZO opened at $3,193.97 on Friday. The firm has a market cap of $53.59 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 1.80 and a beta of 0.71. AutoZone, Inc. has a 12-month low of $2,655.75 and a 12-month high of $3,416.71. The stock’s 50-day moving average price is $3,219.83 and its two-hundred day moving average price is $3,129.60.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $33.69 by ($1.17). The business had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.30 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. AutoZone’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $32.55 earnings per share. As a group, research analysts forecast that AutoZone, Inc. will post 153.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AZO shares. Truist Financial boosted their price target on shares of AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Roth Mkm reissued a “buy” rating and set a $3,634.00 target price on shares of AutoZone in a research note on Wednesday, October 16th. Wells Fargo & Company upped their price objective on shares of AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Barclays increased their price target on shares of AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Finally, BMO Capital Markets started coverage on shares of AutoZone in a research report on Friday, December 13th. They set an “outperform” rating and a $3,700.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.