AutoZone, Inc. (NYSE:AZO) Shares Sold by Tacita Capital Inc

Tacita Capital Inc cut its stake in shares of AutoZone, Inc. (NYSE:AZO) by 41.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 14 shares of the company’s stock after selling 10 shares during the quarter. Tacita Capital Inc’s holdings in AutoZone were worth $45,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Franklin Resources Inc. grew its stake in shares of 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 during the period. The Manufacturers Life Insurance Company grew its stake in shares of 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 during the period. Assenagon Asset Management S.A. grew its stake in shares of 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 during the period. Silverleafe Capital Partners LLC grew its stake in shares of 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 during the period. Finally, Mizuho Securities USA LLC grew its stake in shares of AutoZone by 592.0% during 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 hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Citigroup boosted their price objective on shares of AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. BMO Capital Markets began coverage on shares of AutoZone in a research report on Friday, December 13th. They set an “outperform” rating and a $3,700.00 price target for the company. TD Cowen upped their price target on shares of AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Guggenheim upped their price target on shares of AutoZone from $3,350.00 to $3,750.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, Argus upped their price target on shares of AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, AutoZone currently has a consensus rating of “Moderate Buy” and an average price target of $3,442.61.

AutoZone Price Performance

NYSE:AZO opened at $3,471.00 on Tuesday. The stock has a market cap of $58.25 billion, a P/E ratio of 23.19, a PEG ratio of 1.86 and a beta of 0.70. The firm has a 50-day moving average of $3,341.31 and a two-hundred day moving average of $3,219.44. AutoZone, Inc. has a 1-year low of $2,728.97 and a 1-year high of $3,519.00.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). The company had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $32.55 EPS. As a group, equities analysts expect that AutoZone, Inc. will post 152.94 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.