Delap Wealth Advisory LLC Trims Position in AutoZone, Inc. (NYSE:AZO)

Delap Wealth Advisory LLC lessened its position in shares of AutoZone, Inc. (NYSE:AZO) by 16.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 124 shares of the company’s stock after selling 25 shares during the quarter. Delap Wealth Advisory LLC’s holdings in AutoZone were worth $368,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AZO. Quent Capital LLC boosted its stake in AutoZone by 4.8% during the first quarter. Quent Capital LLC now owns 88 shares of the company’s stock valued at $277,000 after buying an additional 4 shares during the last quarter. Mather Group LLC. boosted its stake in AutoZone by 1.8% during the second quarter. Mather Group LLC. now owns 224 shares of the company’s stock valued at $706,000 after buying an additional 4 shares during the last quarter. Conning Inc. boosted its stake in AutoZone by 4.3% during the second quarter. Conning Inc. now owns 98 shares of the company’s stock valued at $290,000 after buying an additional 4 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in AutoZone by 14.3% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 32 shares of the company’s stock valued at $95,000 after buying an additional 4 shares during the last quarter. Finally, Brighton Jones LLC boosted its stake in AutoZone by 4.1% during the second quarter. Brighton Jones LLC now owns 101 shares of the company’s stock valued at $299,000 after buying an additional 4 shares during the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Trading Down 0.6 %

Shares of NYSE:AZO opened at $3,020.66 on Friday. AutoZone, Inc. has a 12-month low of $2,375.35 and a 12-month high of $3,256.37. The business’s fifty day simple moving average is $3,105.66 and its 200-day simple moving average is $3,010.75. The company has a market capitalization of $51.60 billion, a PE ratio of 20.89, a P/E/G ratio of 1.45 and a beta of 0.71.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Oppenheimer reissued a “market perform” rating and set a $2,600.00 price target on shares of AutoZone in a research note on Wednesday, June 26th. Wedbush reissued an “outperform” rating and set a $3,200.00 price target on shares of AutoZone in a research note on Thursday. Evercore ISI decreased their price objective on AutoZone from $3,900.00 to $3,350.00 and set an “outperform” rating on the stock in a research report on Friday. Guggenheim upped their price objective on AutoZone from $3,150.00 to $3,225.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Finally, StockNews.com downgraded AutoZone from a “buy” rating to a “hold” rating in a research report on Saturday. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $3,129.44.

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.