Yousif Capital Management LLC Sells 72 Shares of AutoZone, Inc. (NYSE:AZO)

Yousif Capital Management LLC cut its stake in shares of AutoZone, Inc. (NYSE:AZO) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,110 shares of the company’s stock after selling 72 shares during the period. Yousif Capital Management LLC’s holdings in AutoZone were worth $6,756,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of AZO. Trust Point Inc. boosted its holdings in shares of AutoZone by 17.1% in the 4th quarter. Trust Point Inc. now owns 89 shares of the company’s stock valued at $285,000 after buying an additional 13 shares during the last quarter. Boston Trust Walden Corp raised its position in AutoZone by 1.6% during the fourth quarter. Boston Trust Walden Corp now owns 29,560 shares of the company’s stock worth $94,651,000 after acquiring an additional 469 shares in the last quarter. Western Pacific Wealth Management LP lifted its stake in AutoZone by 38.0% in the fourth quarter. Western Pacific Wealth Management LP now owns 127 shares of the company’s stock valued at $407,000 after acquiring an additional 35 shares during the last quarter. Greenleaf Trust grew its position in shares of AutoZone by 1.1% in the 4th quarter. Greenleaf Trust now owns 810 shares of the company’s stock valued at $2,594,000 after acquiring an additional 9 shares during the period. Finally, Spire Wealth Management increased its stake in shares of AutoZone by 16.3% during the 4th quarter. Spire Wealth Management now owns 100 shares of the company’s stock worth $320,000 after purchasing an additional 14 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AZO has been the subject of a number of research analyst reports. Citigroup lifted their price target on AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Evercore ISI boosted their target price on AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a 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 report on Wednesday, December 11th. Mizuho upped their price objective on shares of AutoZone from $3,350.00 to $3,600.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, Argus raised their target price on shares of AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $3,429.84.

AutoZone Stock Performance

Shares of NYSE AZO opened at $3,466.41 on Friday. The stock has a market capitalization of $58.17 billion, a P/E ratio of 23.16, a PEG ratio of 1.85 and a beta of 0.70. The stock’s fifty day moving average is $3,281.77 and its 200 day moving average is $3,176.72. AutoZone, Inc. has a 52 week low of $2,672.31 and a 52 week high of $3,484.42.

AutoZone (NYSE:AZO) last released its 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). 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 the consensus estimate of $4.30 billion. During the same period in the prior year, the business earned $32.55 earnings per share. AutoZone’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current 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.