AutoZone, Inc. (NYSE:AZO) Holdings Cut by Romano Brothers AND Company

Romano Brothers AND Company reduced its stake in shares of AutoZone, Inc. (NYSE:AZO) by 4.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 656 shares of the company’s stock after selling 31 shares during the period. Romano Brothers AND Company’s holdings in AutoZone were worth $2,101,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AZO. Capital Performance Advisors LLP purchased a new position in AutoZone in the third quarter valued at about $36,000. Carolina Wealth Advisors LLC acquired a new stake in shares of AutoZone during the 3rd quarter valued at about $47,000. Darwin Wealth Management LLC bought a new stake in shares of AutoZone in the 3rd quarter valued at approximately $47,000. McIlrath & Eck LLC increased its holdings 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 buying an additional 4 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in AutoZone during the third quarter valued at approximately $66,000. 92.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on AZO. Citigroup boosted their target price on shares of AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Guggenheim upped their price objective on shares of AutoZone from $3,350.00 to $3,750.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Truist Financial raised their target price on AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Morgan Stanley upped their price target on AutoZone from $3,038.00 to $3,125.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Finally, Evercore ISI raised 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $3,429.84.

AutoZone Stock Performance

Shares of AZO opened at $3,221.06 on Friday. AutoZone, Inc. has a 52 week low of $2,658.18 and a 52 week high of $3,416.71. The firm has a market capitalization of $54.05 billion, a P/E ratio of 21.52, a P/E/G ratio of 1.80 and a beta of 0.71. The company has a 50-day simple moving average of $3,222.90 and a 200-day simple moving average of $3,132.76.

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 negative return on equity of 53.89% and a net margin of 14.18%. AutoZone’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $32.55 EPS. As a group, equities analysts forecast that AutoZone, Inc. will post 153.09 earnings per share 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.