Raiffeisen Bank International AG Acquires 187 Shares of AutoZone, Inc. $AZO

Raiffeisen Bank International AG boosted its stake in AutoZone, Inc. (NYSE:AZO) by 16.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,348 shares of the company’s stock after purchasing an additional 187 shares during the period. Raiffeisen Bank International AG’s holdings in AutoZone were worth $5,761,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AZO. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of AutoZone by 76.9% in the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,499 shares of the company’s stock valued at $10,721,000 after buying an additional 1,086 shares during the period. Bridgewater Advisors Inc. boosted its holdings in AutoZone by 1.3% in the third quarter. Bridgewater Advisors Inc. now owns 229 shares of the company’s stock valued at $982,000 after acquiring an additional 3 shares during the last quarter. Y.D. More Investments Ltd boosted its holdings in AutoZone by 3.8% in the third quarter. Y.D. More Investments Ltd now owns 405 shares of the company’s stock valued at $1,738,000 after acquiring an additional 15 shares during the last quarter. Ontario Teachers Pension Plan Board increased its position in AutoZone by 22.9% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 370 shares of the company’s stock valued at $1,587,000 after purchasing an additional 69 shares during the period. Finally, Burling Wealth Partners LLC raised its holdings in AutoZone by 39.7% during the 3rd quarter. Burling Wealth Partners LLC now owns 616 shares of the company’s stock worth $2,643,000 after purchasing an additional 175 shares during the last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Wolfe Research downgraded shares of AutoZone from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, December 16th. Truist Financial lowered their target price on shares of AutoZone from $4,499.00 to $4,076.00 and set a “buy” rating for the company in a research note on Wednesday, December 10th. Morgan Stanley cut their price target on shares of AutoZone from $4,700.00 to $4,000.00 and set an “overweight” rating on the stock in a research report on Thursday, January 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of AutoZone in a research report on Monday, December 29th. Finally, Raymond James Financial dropped their price objective on AutoZone from $4,800.00 to $4,600.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, AutoZone has an average rating of “Moderate Buy” and an average target price of $4,271.25.

Insider Transactions at AutoZone

In other news, Director Earl G. Graves, Jr. sold 250 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $3,295.00, for a total transaction of $823,750.00. Following the completion of the sale, the director owned 4,887 shares in the company, valued at $16,102,665. The trade was a 4.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Richard Craig Smith sold 5,910 shares of the stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $3,700.00, for a total value of $21,867,000.00. Following the completion of the transaction, the vice president owned 2,627 shares in the company, valued at approximately $9,719,900. This represents a 69.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have acquired 347 shares of company stock valued at $1,179,256 and have sold 9,447 shares valued at $34,179,923. 2.60% of the stock is currently owned by insiders.

AutoZone Trading Up 0.2%

Shares of NYSE AZO opened at $3,751.33 on Friday. The firm has a market capitalization of $62.16 billion, a P/E ratio of 26.16, a P/E/G ratio of 1.78 and a beta of 0.41. The firm’s 50-day moving average price is $3,563.31 and its 200-day moving average price is $3,842.43. AutoZone, Inc. has a 1-year low of $3,210.72 and a 1-year high of $4,388.11.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, December 9th. The company reported $31.04 EPS for the quarter, missing the consensus estimate of $32.69 by ($1.65). AutoZone had a net margin of 12.78% and a negative return on equity of 65.38%. The firm had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.64 billion. During the same quarter in the prior year, the business earned $32.52 earnings per share. The business’s quarterly revenue was up 8.2% on a year-over-year basis. Equities research analysts forecast that AutoZone, Inc. will post 152.94 EPS 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.