AutoZone, Inc. $AZO Shares Acquired by Swedbank AB

Swedbank AB grew its stake in shares of AutoZone, Inc. (NYSE:AZO) by 6.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,479 shares of the company’s stock after acquiring an additional 2,152 shares during the period. Swedbank AB’s holdings in AutoZone were worth $113,544,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in AutoZone by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,797,548 shares of the company’s stock worth $7,711,912,000 after acquiring an additional 26,544 shares in the last quarter. PineStone Asset Management Inc. grew its holdings in AutoZone by 1.5% during the 4th quarter. PineStone Asset Management Inc. now owns 269,173 shares of the company’s stock worth $912,900,000 after acquiring an additional 3,868 shares in the last quarter. Northern Trust Corp grew its holdings in AutoZone by 1.2% during the 3rd quarter. Northern Trust Corp now owns 189,789 shares of the company’s stock worth $814,240,000 after acquiring an additional 2,333 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in AutoZone by 39.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 176,986 shares of the company’s stock worth $584,730,000 after acquiring an additional 50,071 shares in the last quarter. Finally, Marshfield Associates grew its holdings in AutoZone by 3.2% during the 3rd quarter. Marshfield Associates now owns 172,332 shares of the company’s stock worth $739,347,000 after acquiring an additional 5,293 shares in the last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.

AutoZone Price Performance

Shares of AZO opened at $3,401.96 on Friday. The firm’s 50 day moving average is $3,461.57 and its 200-day moving average is $3,585.48. The stock has a market capitalization of $56.06 billion, a P/E ratio of 23.83, a P/E/G ratio of 1.74 and a beta of 0.43. AutoZone, Inc. has a 12-month low of $3,210.72 and a 12-month high of $4,388.11.

AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported $27.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $27.59 by $0.04. The company had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.31 billion. AutoZone had a net margin of 12.47% and a negative return on equity of 72.31%. The business’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $28.29 EPS. As a group, equities research analysts forecast that AutoZone, Inc. will post 149.16 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Oppenheimer restated an “outperform” rating and issued a $4,300.00 price target (up from $4,150.00) on shares of AutoZone in a research report on Tuesday, March 10th. Evercore raised their price target on shares of AutoZone from $4,100.00 to $4,125.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. Robert W. Baird downgraded shares of AutoZone from an “outperform” rating to a “neutral” rating and set a $3,900.00 price target on the stock. in a research report on Monday, February 9th. Truist Financial reduced their price target on shares of AutoZone from $4,076.00 to $4,045.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. Finally, JPMorgan Chase & Co. raised their price target on shares of AutoZone from $4,100.00 to $4,300.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $4,290.91.

Insider Buying and Selling at AutoZone

In related news, Director Earl G. Graves, Jr. sold 50 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $3,478.72, for a total transaction of $173,936.00. Following the completion of the sale, the director directly owned 4,837 shares in the company, valued at approximately $16,826,568.64. This trade represents a 1.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.60% of the stock is currently owned by company insiders.

AutoZone Profile

AutoZone, Inc (NYSE: AZO) is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.

AutoZone serves both do‑it‑yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.