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

Fenimore Asset Management Inc cut its stake in AutoZone, Inc. (NYSE:AZO) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,673 shares of the company’s stock after selling 235 shares during the period. AutoZone makes up 2.3% of Fenimore Asset Management Inc’s investment portfolio, making the stock its 17th largest position. Fenimore Asset Management Inc owned about 0.20% of AutoZone worth $107,821,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in shares of AutoZone in the 3rd quarter valued at $36,000. Carolina Wealth Advisors LLC acquired a new position in AutoZone in the third quarter valued at $47,000. Darwin Wealth Management LLC purchased a new stake in AutoZone during the third quarter valued at about $47,000. McIlrath & Eck LLC increased its stake in AutoZone by 25.0% during the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after acquiring an additional 4 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in shares of AutoZone in the 3rd quarter worth about $66,000. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

AutoZone Stock Performance

Shares of AZO stock opened at $3,328.28 on Friday. The stock 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. AutoZone, Inc. has a one year low of $2,672.31 and a one year high of $3,416.71. The company’s 50-day simple moving average is $3,238.73 and its 200-day simple moving average is $3,149.01.

AutoZone (NYSE:AZO) last issued 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). The firm had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.30 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. AutoZone’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $32.55 EPS. As a group, research analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AZO. The Goldman Sachs Group cut AutoZone from a “buy” rating to a “sell” rating and decreased their target price for the stock from $3,205.00 to $2,917.00 in a report on Monday, October 14th. Barclays boosted their price objective on shares of AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. DA Davidson reissued a “neutral” rating and issued a $3,025.00 target price on shares of AutoZone in a research note on Monday, September 30th. Roth Capital raised shares of AutoZone to a “strong-buy” rating in a research report on Tuesday, October 15th. Finally, Roth Mkm reissued a “buy” rating and issued a $3,634.00 price objective on shares of AutoZone in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, AutoZone currently has a consensus rating of “Moderate Buy” and a consensus 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.