Mount Yale Investment Advisors LLC Lowers Position in AutoZone, Inc. (NYSE:AZO)

Mount Yale Investment Advisors LLC reduced its stake in AutoZone, Inc. (NYSE:AZO) by 3.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 321 shares of the company’s stock after selling 10 shares during the period. Mount Yale Investment Advisors LLC’s holdings in AutoZone were worth $1,028,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of AZO. International Assets Investment Management LLC lifted its holdings in shares of AutoZone by 354,692.5% in the 3rd quarter. International Assets Investment Management LLC now owns 993,419 shares of the company’s stock worth $31,293,100,000 after acquiring an additional 993,139 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in AutoZone by 186.8% in the third quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company’s stock valued at $292,544,000 after purchasing an additional 60,483 shares during the period. Canoe Financial LP raised its position in AutoZone by 542.8% in the fourth quarter. Canoe Financial LP now owns 62,471 shares of the company’s stock valued at $200,032,000 after purchasing an additional 52,753 shares during the period. Worldquant Millennium Advisors LLC acquired a new position in AutoZone during the third quarter worth $85,127,000. Finally, Erste Asset Management GmbH purchased a new position in shares of AutoZone during the third quarter worth $63,379,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Argus boosted their price objective on AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Barclays increased their price target on shares of AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Redburn Atlantic upgraded shares of AutoZone to a “strong-buy” rating in a report on Tuesday, October 1st. Mizuho upped their target price on shares of AutoZone from $3,350.00 to $3,600.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, DA Davidson reissued a “neutral” rating and issued a $3,025.00 price target on shares of AutoZone in a research report on Monday, September 30th. One research analyst has rated the stock with a sell rating, three have given 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 presently has a consensus rating of “Moderate Buy” and an average price target of $3,429.84.

AutoZone Trading Up 1.1 %

Shares of NYSE:AZO opened at $3,370.37 on Tuesday. The firm has a 50 day simple moving average of $3,238.73 and a 200-day simple moving average of $3,153.35. AutoZone, Inc. has a twelve month low of $2,672.31 and a twelve month high of $3,437.63. The company has a market capitalization of $56.55 billion, a PE ratio of 22.52, a P/E/G ratio of 1.84 and a beta of 0.71.

AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). The company had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. AutoZone’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm earned $32.55 earnings per share. As a group, equities research analysts predict that AutoZone, Inc. will post 152.94 EPS for the current fiscal 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.