Sigma Planning Corp Sells 39 Shares of AutoZone, Inc. (NYSE:AZO)

Sigma Planning Corp trimmed its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 37.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 66 shares of the company’s stock after selling 39 shares during the period. Sigma Planning Corp’s holdings in AutoZone were worth $212,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of AZO. Strategic Financial Concepts LLC bought a new position in shares of AutoZone during the 4th quarter worth approximately $471,629,000. The Manufacturers Life Insurance Company boosted its holdings 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 worth $292,544,000 after buying an additional 60,483 shares in the last quarter. Canoe Financial LP boosted its holdings in shares of AutoZone by 542.8% during the 4th quarter. Canoe Financial LP now owns 62,471 shares of the company’s stock worth $200,032,000 after buying an additional 52,753 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in shares of AutoZone by 35.6% during the 4th quarter. Baillie Gifford & Co. now owns 163,089 shares of the company’s stock worth $522,211,000 after buying an additional 42,776 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC bought a new position in shares of AutoZone in the 3rd quarter worth $85,127,000. 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. Wells Fargo & Company increased their target price on AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Truist Financial increased their target price on AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Argus increased their target price on AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Guggenheim increased their target price on AutoZone from $3,350.00 to $3,750.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Barclays increased their target price on AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, AutoZone has a consensus rating of “Moderate Buy” and an average target price of $3,442.61.

AutoZone Price Performance

Shares of AutoZone stock opened at $3,484.56 on Friday. AutoZone, Inc. has a 1 year low of $2,728.97 and a 1 year high of $3,500.00. The firm has a market cap of $58.48 billion, a PE ratio of 23.28, a P/E/G ratio of 1.86 and a beta of 0.70. The stock has a fifty day moving average price of $3,336.73 and a 200-day moving average price of $3,217.19.

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