Schechter Investment Advisors LLC Sells 72 Shares of AutoZone, Inc. (NYSE:AZO)

Schechter Investment Advisors LLC decreased its holdings in AutoZone, Inc. (NYSE:AZO) by 14.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 425 shares of the company’s stock after selling 72 shares during the period. Schechter Investment Advisors LLC’s holdings in AutoZone were worth $1,361,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Pittenger & Anderson Inc. raised its stake in AutoZone by 5.2% in the fourth quarter. Pittenger & Anderson Inc. now owns 61 shares of the company’s stock valued at $195,000 after buying an additional 3 shares during the period. Axxcess Wealth Management LLC increased its stake in shares of AutoZone by 1.5% during the third quarter. Axxcess Wealth Management LLC now owns 267 shares of the company’s stock worth $841,000 after purchasing an additional 4 shares during the period. Moors & Cabot Inc. increased its stake in shares of AutoZone by 4.2% during the third quarter. Moors & Cabot Inc. now owns 99 shares of the company’s stock worth $312,000 after purchasing an additional 4 shares during the period. McIlrath & Eck LLC increased its stake in shares of AutoZone by 25.0% during the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after purchasing an additional 4 shares during the period. Finally, Pallas Capital Advisors LLC increased its stake in shares of AutoZone by 6.2% during the fourth quarter. Pallas Capital Advisors LLC now owns 69 shares of the company’s stock worth $221,000 after purchasing an additional 4 shares during the period. Institutional investors own 92.74% of the company’s stock.

AutoZone Stock Performance

Shares of AZO stock opened at $3,471.00 on Tuesday. AutoZone, Inc. has a fifty-two week low of $2,728.97 and a fifty-two week high of $3,519.00. The company has a market cap of $58.25 billion, a PE ratio of 23.19, a P/E/G ratio of 1.86 and a beta of 0.70. The stock’s fifty day moving average price is $3,341.31 and its two-hundred day moving average price is $3,219.44.

AutoZone (NYSE:AZO) last released 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 firm had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the business earned $32.55 EPS. The company’s revenue was up 2.1% compared to the same quarter last year. On average, equities analysts predict that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AZO has been the topic of a number of recent research reports. Wells Fargo & Company increased their target price on AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Guggenheim increased their target price on AutoZone from $3,350.00 to $3,750.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. TD Cowen increased their target price on AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Argus increased their target price on AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Finally, Truist Financial raised their price objective on AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $3,442.61.

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.