Avior Wealth Management LLC Sells 280 Shares of AutoZone, Inc. (NYSE:AZO)

Avior Wealth Management LLC lessened its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 90.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28 shares of the company’s stock after selling 280 shares during the quarter. Avior Wealth Management LLC’s holdings in AutoZone were worth $90,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Capital Performance Advisors LLP purchased a new position in shares of AutoZone during the 3rd quarter valued at about $36,000. Carolina Wealth Advisors LLC purchased a new stake in AutoZone in the third quarter worth $47,000. Darwin Wealth Management LLC purchased a new stake in AutoZone in the third quarter worth $47,000. McIlrath & Eck LLC grew its stake 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 purchased a new stake in AutoZone in the third quarter worth $66,000. Institutional investors own 92.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AZO. Citigroup upped their price target on AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. BMO Capital Markets began coverage on AutoZone in a research note on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 price target on the stock. Barclays increased their target price on AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Roth Mkm reissued a “buy” rating and issued a $3,634.00 target price on shares of AutoZone in a research note on Wednesday, October 16th. Finally, The Goldman Sachs Group cut 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 research note on Monday, October 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $3,429.84.

AutoZone Stock Performance

AZO stock opened at $3,324.32 on Wednesday. The business’s 50-day moving average is $3,242.80 and its two-hundred day moving average is $3,156.76. AutoZone, Inc. has a fifty-two week low of $2,672.31 and a fifty-two week high of $3,437.63. The company has a market cap of $55.78 billion, a price-to-earnings ratio of 22.21, a P/E/G ratio of 1.84 and a beta of 0.71.

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

About AutoZone

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.