Shepherd Financial Partners LLC Trims Stock Position in AutoZone, Inc. (NYSE:AZO)

Shepherd Financial Partners LLC lowered its stake in shares of AutoZone, Inc. (NYSE:AZO) by 1.9% in the fourth quarter, HoldingsChannel reports. The fund owned 156 shares of the company’s stock after selling 3 shares during the quarter. Shepherd Financial Partners LLC’s holdings in AutoZone were worth $500,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Franklin Resources Inc. increased its position in AutoZone by 18.1% during the third quarter. Franklin Resources Inc. now owns 44,946 shares of the company’s stock worth $141,717,000 after purchasing an additional 6,898 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake 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 buying an additional 60,483 shares during the period. Assenagon Asset Management S.A. grew its position in shares of AutoZone by 29.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 34,808 shares of the company’s stock worth $111,455,000 after buying an additional 7,922 shares in the last quarter. Silverleafe Capital Partners LLC increased its position in shares of AutoZone by 1.0% in the 4th quarter. Silverleafe Capital Partners LLC now owns 2,642 shares of the company’s stock worth $8,460,000 after purchasing an additional 26 shares during the last quarter. Finally, Verde Capital Management acquired a new stake in AutoZone during the third quarter valued at approximately $1,137,000. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

AutoZone Trading Down 1.3 %

Shares of NYSE:AZO opened at $3,420.42 on Friday. AutoZone, Inc. has a 1-year low of $2,672.31 and a 1-year high of $3,484.42. The stock has a market capitalization of $57.40 billion, a P/E ratio of 22.85, a P/E/G ratio of 1.85 and a beta of 0.70. The business has a 50-day moving average price of $3,287.30 and a two-hundred day moving average price of $3,178.73.

AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 earnings per share 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 business had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the prior year, the company earned $32.55 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, equities analysts predict that AutoZone, Inc. will post 152.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Truist Financial upped their target price on AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Roth Mkm restated a “buy” rating and set a $3,634.00 price target on shares of AutoZone in a research report on Wednesday, October 16th. The Goldman Sachs Group lowered shares of AutoZone from a “buy” rating to a “sell” rating and lowered their price objective for the company from $3,205.00 to $2,917.00 in a research note on Monday, October 14th. Guggenheim increased their price target 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. Finally, Barclays boosted 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. One research 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. Based on data from MarketBeat.com, AutoZone has a consensus rating of “Moderate Buy” and an average target price 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.