Burney Co. Sells 1,363 Shares of AutoZone, Inc. (NYSE:AZO)

Burney Co. trimmed its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 15.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,561 shares of the company’s stock after selling 1,363 shares during the period. AutoZone comprises approximately 0.9% of Burney Co.’s investment portfolio, making the stock its 23rd largest holding. Burney Co.’s holdings in AutoZone were worth $24,211,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in AZO. Capital Performance Advisors LLP purchased a new stake in AutoZone during the third quarter valued at about $36,000. Carolina Wealth Advisors LLC purchased a new stake in shares of AutoZone during the 3rd quarter valued at approximately $47,000. Darwin Wealth Management LLC bought a new position in AutoZone in the 3rd quarter worth approximately $47,000. McIlrath & Eck LLC boosted its holdings in AutoZone by 25.0% in the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after buying an additional 4 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new position in AutoZone in the 3rd quarter valued at approximately $66,000. Institutional investors own 92.74% of the company’s stock.

Wall Street Analyst Weigh In

AZO has been the subject of a number of analyst reports. The Goldman Sachs Group lowered AutoZone from a “buy” rating to a “sell” rating and cut their price target for the stock from $3,205.00 to $2,917.00 in a report on Monday, October 14th. BNP Paribas upgraded AutoZone to a “strong-buy” rating in a research report on Wednesday, September 25th. Evercore ISI raised their price objective on shares of AutoZone from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Morgan Stanley boosted their price objective on shares of AutoZone from $3,038.00 to $3,125.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Finally, Guggenheim raised their price target on shares of AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $3,429.84.

AutoZone Trading Up 0.6 %

AZO opened at $3,247.49 on Wednesday. The company has a market cap of $54.50 billion, a P/E ratio of 21.70, a P/E/G ratio of 1.73 and a beta of 0.71. AutoZone, Inc. has a 12 month low of $2,575.00 and a 12 month high of $3,416.71. The business’s 50-day moving average price is $3,219.74 and its 200-day moving average price is $3,129.05.

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 company had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the previous year, the firm posted $32.55 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts forecast that AutoZone, Inc. will post 154.29 earnings per share for the current fiscal year.

AutoZone 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.