ABN AMRO Bank N.V. Buys 586 Shares of AutoZone, Inc. $AZO

ABN AMRO Bank N.V. boosted its stake in shares of AutoZone, Inc. (NYSE:AZO) by 187.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 898 shares of the company’s stock after buying an additional 586 shares during the quarter. ABN AMRO Bank N.V.’s holdings in AutoZone were worth $3,041,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AZO. Obermeyer Wealth Partners raised its position in shares of AutoZone by 4.7% during the third quarter. Obermeyer Wealth Partners now owns 67 shares of the company’s stock worth $287,000 after acquiring an additional 3 shares during the last quarter. Covestor Ltd lifted its position in shares of AutoZone by 5.5% in the 3rd quarter. Covestor Ltd now owns 58 shares of the company’s stock worth $250,000 after purchasing an additional 3 shares during the period. SYM FINANCIAL Corp boosted its stake in shares of AutoZone by 3.6% in the 3rd quarter. SYM FINANCIAL Corp now owns 86 shares of the company’s stock valued at $369,000 after purchasing an additional 3 shares during the last quarter. Camden National Bank boosted its stake in shares of AutoZone by 3.6% in the 3rd quarter. Camden National Bank now owns 86 shares of the company’s stock valued at $369,000 after purchasing an additional 3 shares during the last quarter. Finally, Crestwood Advisors Group LLC increased its position in shares of AutoZone by 1.7% during the third quarter. Crestwood Advisors Group LLC now owns 184 shares of the company’s stock worth $791,000 after buying an additional 3 shares during the period. Institutional investors and hedge funds own 92.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AZO. Mizuho lifted their target price on shares of AutoZone from $3,550.00 to $3,600.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. Truist Financial decreased their price target on AutoZone from $4,076.00 to $4,045.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. The Goldman Sachs Group lifted their price objective on AutoZone from $4,274.00 to $4,345.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. TD Cowen dropped their price objective on AutoZone from $4,400.00 to $4,250.00 and set a “buy” rating on the stock in a research note on Monday, March 16th. Finally, Evercore upped their target price on AutoZone from $4,100.00 to $4,125.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $4,312.13.

Insider Activity at AutoZone

In related news, Director Earl G. Graves, Jr. sold 50 shares of the business’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $3,478.72, for a total value of $173,936.00. Following the completion of the sale, the director directly owned 4,837 shares of the company’s stock, valued at $16,826,568.64. The trade was a 1.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.60% of the stock is currently owned by corporate insiders.

AutoZone Stock Down 1.9%

Shares of NYSE AZO opened at $3,431.05 on Tuesday. The firm has a market cap of $56.54 billion, a PE ratio of 24.04, a P/E/G ratio of 1.79 and a beta of 0.43. The company’s fifty day simple moving average is $3,522.39 and its 200 day simple moving average is $3,610.18. AutoZone, Inc. has a 12-month low of $3,210.72 and a 12-month high of $4,388.11.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, March 3rd. The company reported $27.63 earnings per share for the quarter, beating the consensus estimate of $27.59 by $0.04. The firm had revenue of $4.27 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $28.29 earnings per share. On average, equities analysts predict that AutoZone, Inc. will post 148.93 earnings per share for the current year.

AutoZone Company 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.