Dakota Wealth Management Has $884,000 Holdings in AutoZone, Inc. (NYSE:AZO)

Dakota Wealth Management trimmed its stake in AutoZone, Inc. (NYSE:AZO) by 8.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 276 shares of the company’s stock after selling 25 shares during the period. Dakota Wealth Management’s holdings in AutoZone were worth $884,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AZO shares. Redburn Atlantic upgraded shares of AutoZone to a “strong-buy” rating in a research report on Tuesday, October 1st. Roth Mkm reiterated a “buy” rating and set a $3,634.00 price target on shares of AutoZone in a report on Wednesday, October 16th. Roth Capital raised AutoZone to a “strong-buy” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group cut AutoZone from a “buy” rating to a “sell” rating and decreased their target price for the stock from $3,205.00 to $2,917.00 in a research note on Monday, October 14th. Finally, TD Cowen increased their price target on AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, three have issued 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $3,429.84.

AutoZone Stock Performance

AZO stock opened at $3,328.28 on Friday. The company has a market capitalization of $55.85 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 1.84 and a beta of 0.71. AutoZone, Inc. has a 52-week low of $2,672.31 and a 52-week high of $3,416.71. The business has a 50-day simple moving average of $3,234.31 and a two-hundred day simple moving average of $3,145.59.

AutoZone (NYSE:AZO) last announced its quarterly earnings results 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 company 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%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $32.55 EPS. As a group, sell-side analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal 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.