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

Schechter Investment Advisors LLC lessened its stake in AutoZone, Inc. (NYSE:AZO) by 14.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 425 shares of the company’s stock after selling 72 shares during the quarter. Schechter Investment Advisors LLC’s holdings in AutoZone were worth $1,361,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Pittenger & Anderson Inc. increased its holdings 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 purchasing an additional 3 shares during the last quarter. Axxcess Wealth Management LLC increased its holdings in AutoZone by 1.5% in the third quarter. Axxcess Wealth Management LLC now owns 267 shares of the company’s stock valued at $841,000 after purchasing an additional 4 shares during the last quarter. Moors & Cabot Inc. increased its holdings in AutoZone by 4.2% in the third quarter. Moors & Cabot Inc. now owns 99 shares of the company’s stock valued at $312,000 after purchasing an additional 4 shares during the last quarter. McIlrath & Eck LLC increased its holdings in AutoZone by 25.0% in the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock valued at $63,000 after purchasing an additional 4 shares during the last quarter. Finally, Pallas Capital Advisors LLC increased its holdings in AutoZone by 6.2% in the fourth quarter. Pallas Capital Advisors LLC now owns 69 shares of the company’s stock valued at $221,000 after purchasing an additional 4 shares during the last quarter. Institutional investors own 92.74% of the company’s stock.

AutoZone Stock Performance

Shares of NYSE AZO opened at $3,471.00 on Tuesday. The stock has a 50 day moving average price of $3,341.31 and a 200 day moving average price of $3,219.44. AutoZone, Inc. has a 52 week low of $2,728.97 and a 52 week high of $3,519.00. The stock has a market capitalization of $58.25 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 1.86 and a beta of 0.70.

AutoZone (NYSE:AZO) last issued its quarterly 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). 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 for the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the company posted $32.55 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, research analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Guggenheim increased their price target on AutoZone from $3,350.00 to $3,750.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Mizuho increased their price target on AutoZone from $3,350.00 to $3,600.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Wells Fargo & Company increased their price target on AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. BMO Capital Markets assumed coverage on AutoZone in a report on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 price target for the company. Finally, TD Cowen upped their price objective 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.