Transcend Capital Advisors LLC Decreases Stake in AutoZone, Inc. (NYSE:AZO)

Transcend Capital Advisors LLC cut its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 3.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 123 shares of the company’s stock after selling 4 shares during the quarter. Transcend Capital Advisors LLC’s holdings in AutoZone were worth $394,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pittenger & Anderson Inc. lifted its stake in shares of AutoZone by 5.2% during the 4th quarter. Pittenger & Anderson Inc. now owns 61 shares of the company’s stock valued at $195,000 after buying an additional 3 shares in the last quarter. Allworth Financial LP raised its holdings 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 acquiring an additional 4 shares during the period. IVC Wealth Advisors LLC lifted its position in shares of AutoZone by 4.4% during the third quarter. IVC Wealth Advisors LLC now owns 95 shares of the company’s stock worth $299,000 after acquiring an additional 4 shares in the last quarter. Axxcess Wealth Management LLC boosted its holdings 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 acquiring an additional 4 shares during the period. Finally, Moors & Cabot Inc. boosted its holdings in shares of AutoZone by 4.2% in the third quarter. Moors & Cabot Inc. now owns 99 shares of the company’s stock worth $312,000 after acquiring an additional 4 shares during the period. Institutional investors own 92.74% of the company’s stock.

AutoZone Stock Performance

Shares of AZO opened at $3,366.15 on Monday. AutoZone, Inc. has a fifty-two week low of $2,708.09 and a fifty-two week high of $3,484.42. The firm has a market cap of $56.48 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 1.88 and a beta of 0.70. The firm has a 50 day moving average price of $3,321.62 and a 200-day moving average price of $3,207.75.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share for the quarter, missing the consensus estimate of $33.69 by ($1.17). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the prior year, the firm earned $32.55 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities research analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AZO shares. Evercore ISI boosted their price objective on AutoZone from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Barclays upped their price target on AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Citigroup raised their price objective on shares of AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. BMO Capital Markets assumed coverage on shares of AutoZone in a report on Friday, December 13th. They set an “outperform” rating and a $3,700.00 target price on the stock. Finally, Mizuho raised their price target on shares of AutoZone from $3,350.00 to $3,600.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. 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 assigned a strong buy rating to the stock. According to data from MarketBeat, AutoZone presently has a consensus rating of “Moderate Buy” and a consensus target price 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.