Dynamic Advisor Solutions LLC Reduces Holdings in AutoZone, Inc. (NYSE:AZO)

Dynamic Advisor Solutions LLC cut its stake in AutoZone, Inc. (NYSE:AZO) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 670 shares of the company’s stock after selling 9 shares during the period. Dynamic Advisor Solutions LLC’s holdings in AutoZone were worth $2,145,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Capital Performance Advisors LLP purchased a new stake in shares of AutoZone in the 3rd quarter valued at about $36,000. Carolina Wealth Advisors LLC acquired a new position in AutoZone during the third quarter worth approximately $47,000. Darwin Wealth Management LLC purchased a new stake in AutoZone in the third quarter valued at approximately $47,000. McIlrath & Eck LLC boosted its holdings in shares of AutoZone by 25.0% in the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after acquiring an additional 4 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new position in shares of AutoZone during the third quarter worth approximately $66,000. 92.74% of the stock is owned by hedge funds and other institutional investors.

AutoZone Stock Performance

AZO opened at $3,328.28 on Friday. AutoZone, Inc. has a one year low of $2,672.31 and a one year high of $3,416.71. The company has a market cap of $55.85 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 1.84 and a beta of 0.71. The business’s fifty day moving average is $3,238.73 and its two-hundred day moving average is $3,149.01.

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

Analyst Ratings Changes

A number of brokerages recently weighed in on AZO. Redburn Atlantic upgraded shares of AutoZone to a “strong-buy” rating in a research note on Tuesday, October 1st. BMO Capital Markets began coverage on AutoZone in a research report on Friday, December 13th. They set an “outperform” rating and a $3,700.00 price objective for the company. DA Davidson reissued a “neutral” rating and issued a $3,025.00 target price on shares of AutoZone in a report on Monday, September 30th. Mizuho lifted their price objective on shares of AutoZone from $3,350.00 to $3,600.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, Barclays upped their price objective on shares of AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, AutoZone presently has a consensus rating of “Moderate Buy” and a consensus price target of $3,429.84.

AutoZone 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.