Nations Financial Group Inc. IA ADV Decreases Stock Holdings in AutoZone, Inc. (NYSE:AZO)

Nations Financial Group Inc. IA ADV trimmed its position in AutoZone, Inc. (NYSE:AZO - Free Report) by 39.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 315 shares of the company's stock after selling 209 shares during the period. Nations Financial Group Inc. IA ADV's holdings in AutoZone were worth $1,009,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in shares of AutoZone during the 3rd quarter worth approximately $36,000. Carolina Wealth Advisors LLC acquired a new stake in AutoZone in the third quarter valued at $47,000. Darwin Wealth Management LLC purchased a new stake in shares of AutoZone during the 3rd quarter worth $47,000. Crews Bank & Trust acquired a new position in shares of AutoZone during the 4th quarter worth $61,000. Finally, McIlrath & Eck LLC increased its holdings in shares of AutoZone by 25.0% in the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company's stock valued at $63,000 after purchasing an additional 4 shares in the last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Evercore ISI boosted their price objective on shares of AutoZone from $3,400.00 to $3,450.00 and gave the stock an "outperform" rating in a report on Wednesday, December 11th. Mizuho raised their price objective on AutoZone from $3,350.00 to $3,600.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Truist Financial boosted their target price on AutoZone from $3,501.00 to $3,753.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Wells Fargo & Company raised their price target on AutoZone from $3,450.00 to $3,750.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Finally, Guggenheim increased their price objective on shares of AutoZone from $3,350.00 to $3,750.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $3,429.84.

AutoZone Stock Up 0.4 %

Shares of AZO stock traded up $12.06 during mid-day trading on Thursday, hitting $3,408.52. 70,978 shares of the company's stock were exchanged, compared to its average volume of 102,466. The stock has a market cap of $57.19 billion, a price-to-earnings ratio of 22.77, a PEG ratio of 1.87 and a beta of 0.70. The stock has a 50-day simple moving average of $3,320.42 and a two-hundred day simple moving average of $3,203.12. AutoZone, Inc. has a fifty-two week low of $2,680.96 and a fifty-two week high of $3,484.42.

AutoZone (NYSE:AZO - Get Free Report) last posted 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 during 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%. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $32.55 EPS. As a group, analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

AutoZone Company 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.