Catalyst Capital Advisors LLC Cuts Stock Position in AutoZone, Inc. (NYSE:AZO)

Catalyst Capital Advisors LLC cut its holdings in AutoZone, Inc. (NYSE:AZO) by 9.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 429 shares of the company’s stock after selling 44 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in AutoZone were worth $1,374,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in shares of AutoZone in the third quarter valued at approximately $36,000. Carolina Wealth Advisors LLC purchased a new stake in shares of AutoZone during the third quarter worth approximately $47,000. Darwin Wealth Management LLC purchased a new stake in shares of AutoZone during the third quarter worth approximately $47,000. Crews Bank & Trust purchased a new stake in shares of AutoZone during the fourth quarter worth approximately $61,000. Finally, McIlrath & Eck LLC increased its position 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 in the last quarter. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

AutoZone Stock Down 0.2 %

Shares of AutoZone stock opened at $3,461.94 on Monday. AutoZone, Inc. has a 52 week low of $2,680.96 and a 52 week high of $3,484.42. The business’s fifty day simple moving average is $3,315.89 and its 200-day simple moving average is $3,197.63. The firm has a market cap of $58.10 billion, a PE ratio of 23.13, a price-to-earnings-growth ratio of 1.92 and a beta of 0.70.

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

Wall Street Analyst Weigh In

AZO has been the subject of several research reports. TD Cowen boosted their price target on AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Truist Financial boosted their price target on AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. BMO Capital Markets initiated coverage on AutoZone in a research report on Friday, December 13th. They set an “outperform” rating and a $3,700.00 price target for the company. Argus boosted their price target on AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Finally, Mizuho boosted their price objective on AutoZone from $3,350.00 to $3,600.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.