Brookstone Capital Management Sells 15 Shares of AutoZone, Inc. (NYSE:AZO)

Brookstone Capital Management lessened its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 8.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 162 shares of the company’s stock after selling 15 shares during the period. Brookstone Capital Management’s holdings in AutoZone were worth $519,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in AZO. Capital Performance Advisors LLP acquired a new position in shares of AutoZone during the third quarter worth approximately $36,000. Carolina Wealth Advisors LLC bought a new position in AutoZone during the third quarter worth $47,000. Darwin Wealth Management LLC bought a new position in AutoZone during the third quarter worth $47,000. McIlrath & Eck LLC raised its stake in AutoZone by 25.0% during the 3rd 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, Ashton Thomas Securities LLC bought a new stake in AutoZone in the 3rd quarter valued at $66,000. Institutional investors own 92.74% of the company’s stock.

Analyst Upgrades and Downgrades

AZO has been the topic of several research reports. 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 report on Thursday, January 9th. Citigroup boosted their price target on AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. DA Davidson reaffirmed a “neutral” rating and issued a $3,025.00 price target on shares of AutoZone in a report on Monday, September 30th. Roth Mkm reissued a “buy” rating and set a $3,634.00 price objective on shares of AutoZone in a report on Wednesday, October 16th. Finally, Wells Fargo & Company boosted their price objective on AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $3,429.84.

AutoZone Stock Up 0.8 %

Shares of AZO stock opened at $3,221.06 on Friday. The company has a market capitalization of $54.06 billion, a P/E ratio of 21.52, a P/E/G ratio of 1.80 and a beta of 0.71. AutoZone, Inc. has a 12-month low of $2,658.18 and a 12-month high of $3,416.71. The firm has a 50-day moving average price of $3,220.70 and a 200 day moving average price of $3,130.04.

AutoZone (NYSE:AZO) last announced 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). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same period in the previous year, the firm earned $32.55 earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year. As a group, research analysts expect that AutoZone, Inc. will post 153.09 earnings per share for the current year.

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.