AutoZone, Inc. (NYSE:AZO) Shares Sold by Woodstock Corp

Woodstock Corp reduced its holdings in AutoZone, Inc. (NYSE:AZO) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 147 shares of the company’s stock after selling 5 shares during the period. Woodstock Corp’s holdings in AutoZone were worth $471,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC boosted its holdings in AutoZone by 4.1% in the second quarter. Brighton Jones LLC now owns 101 shares of the company’s stock valued at $299,000 after purchasing an additional 4 shares during the last quarter. Fidelis Capital Partners LLC lifted its holdings in shares of AutoZone by 2.6% in the 2nd quarter. Fidelis Capital Partners LLC now owns 159 shares of the company’s stock valued at $490,000 after buying an additional 4 shares during the period. Petredis Investment Advisors LLC lifted its holdings in shares of AutoZone by 0.6% in the 3rd quarter. Petredis Investment Advisors LLC now owns 710 shares of the company’s stock valued at $2,237,000 after buying an additional 4 shares during the period. IVC Wealth Advisors LLC boosted its stake in shares of AutoZone by 4.4% in the third quarter. IVC Wealth Advisors LLC now owns 95 shares of the company’s stock worth $299,000 after buying an additional 4 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in AutoZone by 5.0% during the third quarter. Allworth Financial LP now owns 84 shares of the company’s stock worth $265,000 after acquiring an additional 4 shares during the period. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Stock Down 0.4 %

Shares of AZO opened at $3,193.97 on Friday. AutoZone, Inc. has a 52-week low of $2,655.75 and a 52-week high of $3,416.71. The stock has a market cap of $53.59 billion, a PE ratio of 21.34, a price-to-earnings-growth ratio of 1.80 and a beta of 0.71. The firm’s fifty day moving average is $3,219.83 and its two-hundred day moving average is $3,129.60.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). The business 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 business’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $32.55 earnings per share. As a group, research analysts anticipate that AutoZone, Inc. will post 153.09 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on AZO. BMO Capital Markets started coverage on AutoZone in a research report on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 price objective on the stock. Wedbush reissued an “outperform” rating and set a $3,200.00 price target on shares of AutoZone in a report on Thursday, September 19th. Barclays raised their price target on shares of AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. DA Davidson reiterated a “neutral” rating and issued a $3,025.00 price objective on shares of AutoZone in a research report on Monday, September 30th. Finally, Redburn Atlantic upgraded AutoZone to a “strong-buy” rating in a research report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $3,429.84.

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.