AutoZone, Inc. (NYSE:AZO) Position Lowered by Argonautica Private Wealth Management Inc.

Argonautica Private Wealth Management Inc. cut its stake in shares of AutoZone, Inc. (NYSE:AZO) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91 shares of the company’s stock after selling 3 shares during the quarter. Argonautica Private Wealth Management Inc.’s holdings in AutoZone were worth $291,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Pittenger & Anderson Inc. lifted its holdings in AutoZone by 5.2% in the 4th quarter. Pittenger & Anderson Inc. now owns 61 shares of the company’s stock valued at $195,000 after acquiring an additional 3 shares during the last quarter. Allworth Financial LP raised its holdings in AutoZone by 5.0% during the third quarter. Allworth Financial LP now owns 84 shares of the company’s stock valued at $265,000 after buying an additional 4 shares in the last quarter. Axxcess Wealth Management LLC increased its stake in shares of AutoZone by 1.5% in the third quarter. Axxcess Wealth Management LLC now owns 267 shares of the company’s stock worth $841,000 after purchasing an additional 4 shares during the period. Moors & Cabot Inc. raised its stake in AutoZone by 4.2% during the 3rd quarter. Moors & Cabot Inc. now owns 99 shares of the company’s stock valued at $312,000 after purchasing an additional 4 shares during the last quarter. Finally, 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. 92.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on AZO shares. Truist Financial boosted their price objective on AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. TD Cowen upped their price target on AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Evercore ISI boosted their target price on shares of AutoZone from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Citigroup lifted their price objective on shares of AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, Barclays increased their price objective on shares of AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $3,429.84.

AutoZone Stock Performance

NYSE AZO opened at $3,421.48 on Wednesday. The firm has a market cap of $57.41 billion, a PE ratio of 22.86, a P/E/G ratio of 1.86 and a beta of 0.70. AutoZone, Inc. has a one year low of $2,708.09 and a one year high of $3,484.42. The firm’s fifty day moving average is $3,324.46 and its two-hundred day moving average is $3,211.56.

AutoZone (NYSE:AZO) last issued its quarterly earnings data 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 business had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period in the previous year, the company posted $32.55 earnings per share. AutoZone’s revenue was up 2.1% on a year-over-year basis. Research analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current year.

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.