AutoZone, Inc. (NYSE:AZO) Shares Sold by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. cut its stake in AutoZone, Inc. (NYSE:AZO) by 0.7% during the 4th quarter, HoldingsChannel reports. The fund owned 971 shares of the company’s stock after selling 7 shares during the period. Koshinski Asset Management Inc.’s holdings in AutoZone were worth $3,109,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in AutoZone during the 3rd quarter worth approximately $36,000. Carolina Wealth Advisors LLC bought a new position in AutoZone during the third quarter worth $47,000. Darwin Wealth Management LLC bought a new position in AutoZone during the third quarter worth $47,000. McIlrath & Eck LLC boosted 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 purchasing an additional 4 shares during the period. Finally, Ashton Thomas Securities LLC bought a new stake in AutoZone during the third quarter valued at $66,000. 92.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AZO has been the topic of a number of recent research reports. BMO Capital Markets began coverage on shares of AutoZone in a research report on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 price target on the stock. The Goldman Sachs Group cut shares of AutoZone from a “buy” rating to a “sell” rating and cut their target price for the stock from $3,205.00 to $2,917.00 in a report on Monday, October 14th. Mizuho upped their target price on AutoZone from $3,350.00 to $3,600.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Guggenheim increased their price target on 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, Redburn Atlantic upgraded AutoZone to a “strong-buy” rating in a research report on Tuesday, October 1st. One investment 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 company’s stock. According to data from MarketBeat.com, AutoZone has a consensus rating of “Moderate Buy” and a consensus target price of $3,429.84.

AutoZone Price Performance

Shares of NYSE:AZO opened at $3,221.06 on Tuesday. The stock’s 50 day moving average price is $3,222.90 and its 200 day moving average price is $3,136.66. The stock has a market cap of $54.05 billion, a price-to-earnings ratio of 21.52, a PEG ratio of 1.80 and a beta of 0.71. AutoZone, Inc. has a 12 month low of $2,658.18 and a 12 month high of $3,416.71.

AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 earnings per share for the quarter, missing the consensus estimate of $33.69 by ($1.17). The firm 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 company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $32.55 EPS. On average, sell-side analysts expect 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.