Rhumbline Advisers Sells 607 Shares of AutoZone, Inc. (NYSE:AZO)

Rhumbline Advisers trimmed its stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,284 shares of the company's stock after selling 607 shares during the quarter. Rhumbline Advisers owned approximately 0.22% of AutoZone worth $116,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of AZO. Capital Performance Advisors LLP acquired a new stake in AutoZone in the third quarter valued at approximately $36,000. Carolina Wealth Advisors LLC bought a new stake in AutoZone during the third quarter worth $47,000. Darwin Wealth Management LLC bought a new position in AutoZone during the third quarter valued at about $47,000. Crews Bank & Trust purchased a new stake in shares of AutoZone during the 4th quarter worth approximately $61,000. Finally, McIlrath & Eck LLC increased its position in AutoZone by 25.0% in the third quarter. McIlrath & Eck LLC now owns 20 shares of the company's stock worth $63,000 after buying an additional 4 shares during the last quarter. Institutional investors own 92.74% of the company's stock.

AutoZone Trading Up 0.4 %

AZO stock traded up $13.73 during midday trading on Wednesday, reaching $3,398.16. 61,730 shares of the company's stock traded hands, compared to its average volume of 102,732. The stock has a market cap of $57.02 billion, a P/E ratio of 22.70, a PEG ratio of 1.91 and a beta of 0.70. The stock's 50-day moving average is $3,319.35 and its 200 day moving average is $3,201.75. AutoZone, Inc. has a 52-week low of $2,680.96 and a 52-week high of $3,484.42.

AutoZone (NYSE:AZO - Get Free Report) last released its earnings results 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 net margin of 14.18% and a negative return on equity of 53.89%. The firm had revenue of $4.28 billion for the quarter, compared to analysts' expectations of $4.30 billion. During the same quarter last year, the firm posted $32.55 EPS. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. As a group, research analysts expect that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Guggenheim raised their price target on AutoZone from $3,350.00 to $3,750.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. BMO Capital Markets assumed coverage on shares of AutoZone in a research report on Friday, December 13th. They set an "outperform" rating and a $3,700.00 price objective on the stock. Argus increased their price target on shares of AutoZone from $3,560.00 to $3,678.00 and gave the company a "buy" rating in a research report on Thursday, January 2nd. Wells Fargo & Company lifted their price objective on AutoZone from $3,450.00 to $3,750.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. Finally, Truist Financial increased their price target on shares of AutoZone from $3,501.00 to $3,753.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $3,429.84.

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.