AutoZone, Inc. (NYSE:AZO) Shares Sold by Kiely Wealth Advisory Group Inc.

Kiely Wealth Advisory Group Inc. lowered its holdings in AutoZone, Inc. (NYSE:AZO) by 13.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 165 shares of the company’s stock after selling 25 shares during the quarter. AutoZone comprises approximately 0.3% of Kiely Wealth Advisory Group Inc.’s portfolio, making the stock its 16th largest holding. Kiely Wealth Advisory Group Inc.’s holdings in AutoZone were worth $520,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Quent Capital LLC grew its position in AutoZone by 4.8% in the first quarter. Quent Capital LLC now owns 88 shares of the company’s stock valued at $277,000 after acquiring an additional 4 shares in the last quarter. Mather Group LLC. boosted its stake in shares of AutoZone by 1.8% in the second quarter. Mather Group LLC. now owns 224 shares of the company’s stock valued at $706,000 after purchasing an additional 4 shares during the period. Conning Inc. grew its holdings in AutoZone by 4.3% during the 2nd quarter. Conning Inc. now owns 98 shares of the company’s stock valued at $290,000 after purchasing an additional 4 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in AutoZone by 14.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 32 shares of the company’s stock valued at $95,000 after purchasing an additional 4 shares in the last quarter. Finally, Brighton Jones LLC increased its stake in AutoZone by 4.1% during the 2nd quarter. Brighton Jones LLC now owns 101 shares of the company’s stock worth $299,000 after buying an additional 4 shares during the period. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Evercore ISI lowered their target price on AutoZone from $3,900.00 to $3,350.00 and set an “outperform” rating for the company in a research note on Friday. StockNews.com lowered AutoZone from a “buy” rating to a “hold” rating in a research report on Saturday. Wedbush reissued an “outperform” rating and set a $3,200.00 price target on shares of AutoZone in a research report on Thursday. Oppenheimer reaffirmed a “market perform” rating and issued a $2,600.00 price target on shares of AutoZone in a report on Wednesday, June 26th. Finally, Guggenheim raised their price objective on shares of AutoZone from $3,150.00 to $3,225.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $3,117.12.

AutoZone Trading Down 0.8 %

NYSE:AZO opened at $3,016.89 on Friday. The stock has a 50 day moving average of $3,105.66 and a 200-day moving average of $3,011.39. The firm has a market capitalization of $51.54 billion, a PE ratio of 20.87, a price-to-earnings-growth ratio of 1.45 and a beta of 0.71. AutoZone, Inc. has a 52 week low of $2,375.35 and a 52 week high of $3,256.37.

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.