Nisa Investment Advisors LLC Sells 424 Shares of AutoZone, Inc. (NYSE:AZO)

Nisa Investment Advisors LLC lessened its holdings in AutoZone, Inc. (NYSE:AZO) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,733 shares of the company’s stock after selling 424 shares during the quarter. Nisa Investment Advisors LLC’s holdings in AutoZone were worth $18,357,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in AutoZone in the third quarter valued at $36,000. Carolina Wealth Advisors LLC bought a new stake in shares of AutoZone in the 3rd quarter valued at about $47,000. Darwin Wealth Management LLC acquired a new stake in shares of AutoZone in the third quarter valued at about $47,000. McIlrath & Eck LLC raised its position in shares of AutoZone by 25.0% during the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after acquiring an additional 4 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in shares of AutoZone in the third quarter worth approximately $66,000. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AZO shares. Redburn Atlantic raised shares of AutoZone to a “strong-buy” rating in a research report on Tuesday, October 1st. Evercore ISI lifted their target price 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. Barclays boosted their target price on shares of AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. DA Davidson reiterated a “neutral” rating and set a $3,025.00 price target on shares of AutoZone in a report on Monday, September 30th. Finally, BMO Capital Markets initiated coverage on AutoZone in a research note on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, AutoZone currently has an average rating of “Moderate Buy” and an average target price of $3,429.84.

AutoZone Trading Up 0.9 %

Shares of AutoZone stock opened at $3,326.80 on Thursday. The company has a market capitalization of $55.82 billion, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 1.78 and a beta of 0.71. The stock has a fifty day simple moving average of $3,226.34 and a 200 day simple moving average of $3,142.72. AutoZone, Inc. has a 12-month low of $2,672.31 and a 12-month high of $3,416.71.

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). The firm had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. AutoZone’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $32.55 EPS. On average, analysts predict 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.