Stock Yards Bank & Trust Co. Sells 155 Shares of AutoZone, Inc. (NYSE:AZO)

Stock Yards Bank & Trust Co. decreased its holdings in AutoZone, Inc. (NYSE:AZO - Free Report) by 29.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 363 shares of the company's stock after selling 155 shares during the period. Stock Yards Bank & Trust Co.'s holdings in AutoZone were worth $1,162,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC raised its position in AutoZone by 354,692.5% in the third quarter. International Assets Investment Management LLC now owns 993,419 shares of the company's stock valued at $31,293,100,000 after purchasing an additional 993,139 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of AutoZone by 1.8% in the third quarter. Geode Capital Management LLC now owns 421,716 shares of the company's stock valued at $1,326,545,000 after buying an additional 7,365 shares during the period. Marshfield Associates raised its holdings in AutoZone by 0.5% in the 3rd quarter. Marshfield Associates now owns 169,586 shares of the company's stock valued at $534,204,000 after buying an additional 796 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in AutoZone by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 104,665 shares of the company's stock worth $329,699,000 after buying an additional 466 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in AutoZone by 186.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company's stock worth $292,544,000 after acquiring an additional 60,483 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AZO shares. Citigroup lifted their price target on shares of AutoZone from $3,500.00 to $3,900.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Barclays lifted their price objective on AutoZone from $3,024.00 to $3,585.00 and gave the stock an "overweight" rating in a research note on Thursday, January 9th. Truist Financial increased their target price 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. Evercore ISI boosted their price target on shares of AutoZone from $3,400.00 to $3,450.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. Finally, Roth Capital upgraded shares of AutoZone to a "strong-buy" rating in a research report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $3,429.84.

AutoZone Trading Up 0.0 %

Shares of AZO traded up $1.59 on Wednesday, reaching $3,460.59. The company's stock had a trading volume of 21,103 shares, compared to its average volume of 109,314. The stock has a market capitalization of $58.07 billion, a PE ratio of 23.12, a PEG ratio of 1.85 and a beta of 0.70. AutoZone, Inc. has a twelve month low of $2,672.31 and a twelve month high of $3,475.46. The firm has a fifty day moving average of $3,275.98 and a 200-day moving average of $3,174.59.

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