Choreo LLC Trims Holdings in AutoZone, Inc. (NYSE:AZO)

Choreo LLC trimmed its position in AutoZone, Inc. (NYSE:AZO) by 8.4% in the 4th quarter, HoldingsChannel reports. The fund owned 542 shares of the company’s stock after selling 50 shares during the quarter. Choreo LLC’s holdings in AutoZone were worth $1,729,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. grew its holdings in AutoZone by 18.1% during the 3rd quarter. Franklin Resources Inc. now owns 44,946 shares of the company’s stock valued at $141,717,000 after buying an additional 6,898 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in AutoZone by 186.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company’s stock valued at $292,544,000 after buying an additional 60,483 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in AutoZone by 29.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 34,808 shares of the company’s stock valued at $111,455,000 after buying an additional 7,922 shares in the last quarter. Silverleafe Capital Partners LLC grew its holdings in AutoZone by 1.0% during the 4th quarter. Silverleafe Capital Partners LLC now owns 2,642 shares of the company’s stock valued at $8,460,000 after buying an additional 26 shares in the last quarter. Finally, Verde Capital Management purchased a new stake in AutoZone during the 3rd quarter valued at approximately $1,137,000. 92.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AZO has been the subject of a number of research analyst reports. Mizuho increased their price objective 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. Barclays raised 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. Wells Fargo & Company raised their target price on shares of AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Argus raised their target price on shares of AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Finally, Roth Capital raised shares of AutoZone to a “strong-buy” rating in a report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, AutoZone currently has a consensus rating of “Moderate Buy” and a consensus price target of $3,429.84.

AutoZone Trading Down 1.3 %

NYSE:AZO opened at $3,420.42 on Friday. AutoZone, Inc. has a twelve month low of $2,672.31 and a twelve month high of $3,484.42. The company has a market cap of $57.40 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 1.85 and a beta of 0.70. The stock has a fifty day simple moving average of $3,287.30 and a 200-day simple moving average of $3,178.73.

AutoZone (NYSE:AZO) last released its 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 for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter last year, the business posted $32.55 earnings per share. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, equities research analysts predict that AutoZone, Inc. will post 152.94 EPS 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.