AutoZone, Inc. (NYSE:AZO) Shares Sold by Bailard Inc.

Bailard Inc. trimmed its position in AutoZone, Inc. (NYSE:AZO - Free Report) by 8.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,070 shares of the company's stock after selling 94 shares during the period. Bailard Inc.'s holdings in AutoZone were worth $3,425,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AZO. Capital Performance Advisors LLP purchased a new stake in AutoZone in the third quarter valued at approximately $36,000. Darwin Wealth Management LLC purchased a new stake in shares of AutoZone during the 3rd quarter worth about $47,000. Crews Bank & Trust purchased a new stake in shares of AutoZone in the fourth quarter valued at approximately $61,000. McIlrath & Eck LLC increased its stake in shares of AutoZone by 25.0% during the third quarter. McIlrath & Eck LLC now owns 20 shares of the company's stock worth $63,000 after purchasing an additional 4 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in AutoZone in the 3rd quarter valued at about $66,000. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

AutoZone Trading Down 0.6 %

NYSE AZO traded down $22.01 during trading hours on Monday, reaching $3,471.00. The company had a trading volume of 180,006 shares, compared to its average volume of 105,324. The stock has a market capitalization of $58.25 billion, a P/E ratio of 23.19, a price-to-earnings-growth ratio of 1.86 and a beta of 0.70. The stock has a 50-day moving average of $3,336.73 and a 200 day moving average of $3,217.34. AutoZone, Inc. has a 1-year low of $2,728.97 and a 1-year high of $3,519.00.

AutoZone (NYSE:AZO - Get Free Report) last issued 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). 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 during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the prior year, the company posted $32.55 earnings per share. The business's revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts predict that AutoZone, Inc. will post 152.94 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on AZO shares. Guggenheim increased their target price on AutoZone from $3,350.00 to $3,750.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Evercore ISI lifted their target price on shares of AutoZone from $3,400.00 to $3,450.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Citigroup increased their target price on shares of AutoZone from $3,500.00 to $3,900.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Truist Financial boosted their price target on shares of AutoZone from $3,501.00 to $3,753.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Finally, TD Cowen increased their price objective on shares of AutoZone from $3,450.00 to $3,800.00 and gave the company a "buy" rating in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $3,442.61.

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.