Foster & Motley Inc. Lowers Holdings in AutoZone, Inc. (NYSE:AZO)

Foster & Motley Inc. lessened its position in AutoZone, Inc. (NYSE:AZO - Free Report) by 14.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 515 shares of the company's stock after selling 88 shares during the quarter. Foster & Motley Inc.'s holdings in AutoZone were worth $1,649,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Petredis Investment Advisors LLC lifted its position in AutoZone by 0.6% during the third quarter. Petredis Investment Advisors LLC now owns 710 shares of the company's stock valued at $2,237,000 after buying an additional 4 shares during the period. IVC Wealth Advisors LLC increased its stake in shares of AutoZone by 4.4% in the 3rd quarter. IVC Wealth Advisors LLC now owns 95 shares of the company's stock worth $299,000 after acquiring an additional 4 shares in the last quarter. Allworth Financial LP lifted its position in AutoZone by 5.0% during 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 period. Axxcess Wealth Management LLC boosted its stake in AutoZone by 1.5% during the third quarter. Axxcess Wealth Management LLC now owns 267 shares of the company's stock worth $841,000 after acquiring an additional 4 shares in the last quarter. Finally, Moors & Cabot Inc. grew its holdings in AutoZone by 4.2% in the third quarter. Moors & Cabot Inc. now owns 99 shares of the company's stock worth $312,000 after purchasing an additional 4 shares during the period. 92.74% of the stock is currently owned by institutional investors.

AutoZone Price Performance

AutoZone stock traded down $1.92 during mid-day trading on Friday, reaching $3,349.09. 2,579 shares of the stock traded hands, compared to its average volume of 103,335. The stock has a market capitalization of $56.20 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 1.83 and a beta of 0.71. The business's 50-day moving average is $3,258.16 and its 200-day moving average is $3,162.04. AutoZone, Inc. has a 12-month low of $2,672.31 and a 12-month high of $3,437.63.

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AZO. BMO Capital Markets assumed coverage on shares of AutoZone in a report on Friday, December 13th. They set an "outperform" rating and a $3,700.00 target price for the company. Guggenheim lifted their price objective on AutoZone from $3,350.00 to $3,750.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. TD Cowen raised their price target on AutoZone from $3,450.00 to $3,800.00 and gave the company a "buy" rating in a report on Monday, December 16th. Citigroup lifted their price target on AutoZone from $3,500.00 to $3,900.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Finally, Barclays increased their price objective on shares of AutoZone from $3,024.00 to $3,585.00 and gave the company an "overweight" rating in a research report on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $3,429.84.

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.