AutoZone, Inc. (NYSE:AZO) Shares Sold by Clio Asset Management LLC

Clio Asset Management LLC lessened its stake in AutoZone, Inc. (NYSE:AZO) by 2.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,229 shares of the company’s stock after selling 103 shares during the period. AutoZone makes up 10.0% of Clio Asset Management LLC’s portfolio, making the stock its 2nd largest position. Clio Asset Management LLC’s holdings in AutoZone were worth $13,541,000 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 the stock. Thrivent Financial for Lutherans boosted its holdings in shares of AutoZone by 5.1% in the second quarter. Thrivent Financial for Lutherans now owns 1,248 shares of the company’s stock valued at $3,699,000 after acquiring an additional 61 shares in the last quarter. Public Sector Pension Investment Board lifted its position in AutoZone by 67.0% in the second quarter. Public Sector Pension Investment Board now owns 643 shares of the company’s stock valued at $1,906,000 after purchasing an additional 258 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in AutoZone in the 2nd quarter valued at approximately $4,227,000. SkyView Investment Advisors LLC boosted its holdings in AutoZone by 15.1% in the 2nd quarter. SkyView Investment Advisors LLC now owns 579 shares of the company’s stock valued at $1,716,000 after purchasing an additional 76 shares in the last quarter. Finally, Magnolia Capital Advisors LLC acquired a new position in AutoZone during the 2nd quarter worth approximately $273,000. 92.74% of the stock is owned by hedge funds and other institutional investors.

AutoZone Trading Down 1.3 %

Shares of AZO stock opened at $3,328.28 on Monday. The company has a market capitalization of $55.85 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 1.84 and a beta of 0.71. The firm has a 50-day moving average price of $3,238.73 and a 200 day moving average price of $3,153.35. AutoZone, Inc. has a twelve month low of $2,672.31 and a twelve month high of $3,416.71.

AutoZone (NYSE:AZO) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $4.30 billion. During the same period in the prior year, the firm earned $32.55 EPS. The business’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, research analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Argus raised their price target on AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. DA Davidson reissued a “neutral” rating and issued a $3,025.00 target price on shares of AutoZone in a report on Monday, September 30th. Evercore ISI upped 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 note on Wednesday, December 11th. Wells Fargo & Company raised their price objective on shares of AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Finally, Truist Financial upped their target price 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. 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $3,429.84.

About AutoZone

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.