AutoZone, Inc. (NYSE:AZO) Shares Purchased by Amundi

Amundi boosted its position in AutoZone, Inc. (NYSE:AZO) by 31.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 87,119 shares of the company’s stock after purchasing an additional 20,787 shares during the period. Amundi’s holdings in AutoZone were worth $287,785,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in AutoZone in the third quarter worth approximately $36,000. Darwin Wealth Management LLC acquired a new stake in AutoZone in the third quarter worth approximately $47,000. Crews Bank & Trust acquired a new stake in AutoZone in the fourth quarter worth approximately $61,000. McIlrath & Eck LLC lifted its position in AutoZone by 25.0% in the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after purchasing an additional 4 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new stake in AutoZone in the third quarter worth approximately $66,000. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AZO. BMO Capital Markets upped their price target on AutoZone from $3,700.00 to $3,850.00 and gave the company an “outperform” rating in a report on Wednesday. Bank of America upped their price target on AutoZone from $3,600.00 to $3,700.00 and gave the company a “neutral” rating in a report on Wednesday. Guggenheim upped their price target on AutoZone from $3,750.00 to $3,850.00 and gave the company a “buy” rating in a report on Wednesday. Mizuho upped their price target on AutoZone from $3,600.00 to $3,740.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Truist Financial upped their price target on AutoZone from $3,753.00 to $3,841.00 and gave the company a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $3,646.62.

Insider Buying and Selling

In related news, SVP Bailey L. Childress sold 160 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $3,550.00, for a total value of $568,000.00. Following the completion of the sale, the senior vice president now directly owns 50 shares in the company, valued at approximately $177,500. This represents a 76.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 2.10% of the stock is currently owned by corporate insiders.

AutoZone Stock Up 0.1 %

AutoZone stock opened at $3,620.28 on Friday. The company’s fifty day simple moving average is $3,365.96 and its 200-day simple moving average is $3,229.85. AutoZone, Inc. has a 12 month low of $2,728.97 and a 12 month high of $3,636.96. The stock has a market cap of $60.76 billion, a P/E ratio of 24.19, a P/E/G ratio of 1.86 and a beta of 0.71.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing the consensus estimate of $29.11 by ($0.82). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The company had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.98 billion. On average, equities research analysts expect that AutoZone, Inc. will post 152.94 earnings per share 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.