Mount Yale Investment Advisors LLC Trims Holdings in AutoZone, Inc. (NYSE:AZO)

Mount Yale Investment Advisors LLC reduced its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 3.0% during the 4th quarter, HoldingsChannel reports. The firm owned 321 shares of the company’s stock after selling 10 shares during the period. Mount Yale Investment Advisors LLC’s holdings in AutoZone were worth $1,028,000 as of its most recent filing with the SEC.

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

AutoZone Trading Up 1.1 %

Shares of NYSE AZO opened at $3,370.37 on Tuesday. The stock has a market cap of $56.55 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 1.84 and a beta of 0.71. The company’s 50-day moving average price is $3,238.73 and its 200 day moving average price is $3,153.35. AutoZone, Inc. has a 52 week low of $2,672.31 and a 52 week high of $3,437.63.

AutoZone (NYSE:AZO) last issued its quarterly earnings data 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). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period last year, the business earned $32.55 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, research analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AZO shares. Evercore ISI lifted their price objective on shares of AutoZone from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Argus lifted their target price on shares of AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Redburn Atlantic raised shares of AutoZone to a “strong-buy” rating in a report on Tuesday, October 1st. Guggenheim lifted their price objective on AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, The Goldman Sachs Group cut AutoZone from a “buy” rating to a “sell” rating and dropped their target price for the stock from $3,205.00 to $2,917.00 in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.