Arkadios Wealth Advisors Sells 90 Shares of AutoZone, Inc. (NYSE:AZO)

Arkadios Wealth Advisors lowered its stake in shares of AutoZone, Inc. (NYSE:AZO) by 8.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,025 shares of the company’s stock after selling 90 shares during the period. Arkadios Wealth Advisors’ holdings in AutoZone were worth $3,284,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in AZO. Capital Performance Advisors LLP acquired a new position in AutoZone in the 3rd quarter valued at approximately $36,000. Carolina Wealth Advisors LLC bought a new stake in shares of AutoZone during the third quarter valued at approximately $47,000. Darwin Wealth Management LLC acquired a new position in shares of AutoZone in the third quarter valued at $47,000. McIlrath & Eck LLC lifted its position in AutoZone by 25.0% in the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after purchasing an additional 4 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new stake in AutoZone during the third quarter worth $66,000. Institutional investors own 92.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Evercore ISI increased their price objective on shares of AutoZone from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Redburn Atlantic upgraded shares of AutoZone to a “strong-buy” rating in a research note on Tuesday, October 1st. Mizuho lifted their price objective on AutoZone from $3,350.00 to $3,600.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Roth Mkm reissued a “buy” rating and issued a $3,634.00 target price on shares of AutoZone in a report on Wednesday, October 16th. Finally, Guggenheim boosted their price target on AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $3,429.84.

AutoZone Price Performance

AZO opened at $3,221.06 on Friday. The stock has a market capitalization of $54.06 billion, a P/E ratio of 21.52, a price-to-earnings-growth ratio of 1.80 and a beta of 0.71. The company’s 50 day simple moving average is $3,220.70 and its 200-day simple moving average is $3,130.04. AutoZone, Inc. has a one year low of $2,658.18 and a one year high of $3,416.71.

AutoZone (NYSE:AZO) last announced 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). The firm had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $32.55 earnings per share. As a group, analysts anticipate that AutoZone, Inc. will post 153.09 EPS for the current 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.