Wealthspire Advisors LLC Sells 14 Shares of AutoZone, Inc. (NYSE:AZO)

Wealthspire Advisors LLC lessened its stake in AutoZone, Inc. (NYSE:AZO) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 312 shares of the company’s stock after selling 14 shares during the period. Wealthspire Advisors LLC’s holdings in AutoZone were worth $999,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. lifted its position in shares of AutoZone by 18.1% in the 3rd quarter. Franklin Resources Inc. now owns 44,946 shares of the company’s stock worth $141,717,000 after acquiring an additional 6,898 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of AutoZone by 186.8% in the third quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company’s stock valued at $292,544,000 after purchasing an additional 60,483 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in AutoZone by 29.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 34,808 shares of the company’s stock worth $111,455,000 after purchasing an additional 7,922 shares during the period. Silverleafe Capital Partners LLC boosted its stake in AutoZone by 1.0% during the fourth quarter. Silverleafe Capital Partners LLC now owns 2,642 shares of the company’s stock worth $8,460,000 after buying an additional 26 shares in the last quarter. Finally, Mizuho Securities USA LLC increased its holdings in AutoZone by 592.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 9,210 shares of the company’s stock valued at $29,012,000 after buying an additional 7,879 shares during the period. 92.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AZO shares. Truist Financial raised their price objective on shares of AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Mizuho raised their price target on shares of AutoZone from $3,350.00 to $3,600.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. TD Cowen lifted their price objective on AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a report on Monday, December 16th. BMO Capital Markets assumed coverage on AutoZone in a report on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 target price for the company. Finally, Guggenheim raised their target price on AutoZone from $3,350.00 to $3,750.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, AutoZone has a consensus rating of “Moderate Buy” and a consensus target price of $3,429.84.

AutoZone Stock Up 0.6 %

Shares of NYSE:AZO opened at $3,421.48 on Wednesday. The firm has a market cap of $57.41 billion, a P/E ratio of 22.86, a P/E/G ratio of 1.86 and a beta of 0.70. AutoZone, Inc. has a 12 month low of $2,708.09 and a 12 month high of $3,484.42. The company’s 50-day moving average price is $3,324.46 and its two-hundred day moving average price is $3,211.56.

AutoZone (NYSE:AZO) last released its quarterly 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). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The company had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the company earned $32.55 earnings per share. AutoZone’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, equities analysts predict 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.