Arkadios Wealth Advisors Decreases Position in AutoZone, Inc. (NYSE:AZO)

Arkadios Wealth Advisors lessened its position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 8.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,025 shares of the company's stock after selling 90 shares during the quarter. Arkadios Wealth Advisors' holdings in AutoZone were worth $3,284,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AZO. Fidelis Capital Partners LLC increased its position in AutoZone by 2.6% in the second quarter. Fidelis Capital Partners LLC now owns 159 shares of the company's stock worth $490,000 after purchasing an additional 4 shares during the last quarter. Brighton Jones LLC grew its stake in shares of AutoZone by 4.1% in the 2nd quarter. Brighton Jones LLC now owns 101 shares of the company's stock worth $299,000 after buying an additional 4 shares in the last quarter. Petredis Investment Advisors LLC increased its holdings in shares of AutoZone by 0.6% in the 3rd quarter. Petredis Investment Advisors LLC now owns 710 shares of the company's stock worth $2,237,000 after buying an additional 4 shares during the last quarter. IVC Wealth Advisors LLC raised its position in shares of AutoZone by 4.4% during the 3rd quarter. IVC Wealth Advisors LLC now owns 95 shares of the company's stock valued at $299,000 after buying an additional 4 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of AutoZone by 5.0% in the 3rd quarter. Allworth Financial LP now owns 84 shares of the company's stock valued at $265,000 after acquiring an additional 4 shares during the last quarter. Institutional investors own 92.74% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AZO shares. Argus upped their price objective on AutoZone from $3,560.00 to $3,678.00 and gave the company a "buy" rating in a research report on Thursday, January 2nd. Morgan Stanley raised their price target on AutoZone from $3,038.00 to $3,125.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 25th. Wells Fargo & Company lifted their price target on shares of AutoZone from $3,450.00 to $3,750.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. DA Davidson reaffirmed a "neutral" rating and set a $3,025.00 target price on shares of AutoZone in a research note on Monday, September 30th. Finally, TD Cowen raised their price target on AutoZone from $3,450.00 to $3,800.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $3,429.84.

AutoZone Stock Performance

NYSE:AZO traded up $27.10 during trading hours on Friday, reaching $3,221.06. The company's stock had a trading volume of 144,277 shares, compared to its average volume of 105,718. The stock has a 50 day moving average price of $3,222.90 and a two-hundred day moving average price of $3,134.62. The company has a market capitalization of $54.05 billion, a P/E ratio of 21.52, a price-to-earnings-growth 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 - Get Free Report) 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 company had revenue of $4.28 billion for the quarter, compared to analysts' expectations of $4.30 billion. During the same quarter last year, the company 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, analysts predict that AutoZone, Inc. will post 153.09 EPS for the current fiscal year.

AutoZone 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.