US Bancorp DE Purchases 150 Shares of AutoZone, Inc. $AZO

US Bancorp DE raised its position in shares of AutoZone, Inc. (NYSE:AZO) by 5.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,961 shares of the company’s stock after purchasing an additional 150 shares during the quarter. US Bancorp DE’s holdings in AutoZone were worth $10,042,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Obermeyer Wealth Partners grew its stake in shares of AutoZone by 4.7% during the 3rd quarter. Obermeyer Wealth Partners now owns 67 shares of the company’s stock valued at $287,000 after purchasing an additional 3 shares during the period. Covestor Ltd grew its stake in shares of AutoZone by 5.5% during the 3rd quarter. Covestor Ltd now owns 58 shares of the company’s stock valued at $250,000 after acquiring an additional 3 shares during the period. SYM FINANCIAL Corp grew its stake in shares of AutoZone by 3.6% during the 3rd quarter. SYM FINANCIAL Corp now owns 86 shares of the company’s stock valued at $369,000 after acquiring an additional 3 shares during the period. Camden National Bank grew its stake in shares of AutoZone by 3.6% during the 3rd quarter. Camden National Bank now owns 86 shares of the company’s stock valued at $369,000 after acquiring an additional 3 shares during the period. Finally, Crestwood Advisors Group LLC grew its stake in shares of AutoZone by 1.7% during the 3rd quarter. Crestwood Advisors Group LLC now owns 184 shares of the company’s stock valued at $791,000 after acquiring an additional 3 shares during the period. 92.74% of the stock is currently owned by institutional investors.

Insider Transactions at AutoZone

In related news, Director Earl G. Graves, Jr. sold 50 shares of the company’s stock in a transaction 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 sale, the director owned 4,837 shares of the company’s stock, valued at $16,826,568.64. This represents a 1.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AZO shares. Oppenheimer reiterated an “outperform” rating and set a $4,300.00 price objective (up from $4,150.00) on shares of AutoZone in a research note on Tuesday, March 10th. DA Davidson set a $4,300.00 price objective on AutoZone in a research note on Thursday, March 5th. Roth Mkm cut their price objective on AutoZone from $4,650.00 to $4,526.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. JPMorgan Chase & Co. boosted their price objective on AutoZone from $4,100.00 to $4,300.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. Finally, UBS Group set a $4,800.00 price target on AutoZone in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, AutoZone has an average rating of “Moderate Buy” and a consensus price target of $4,312.13.

AutoZone Stock Performance

Shares of NYSE AZO opened at $3,592.41 on Friday. The company has a market cap of $59.20 billion, a P/E ratio of 25.17, a P/E/G ratio of 1.84 and a beta of 0.43. The firm’s fifty day moving average is $3,544.72 and its two-hundred day moving average is $3,630.64. AutoZone, Inc. has a 52-week low of $3,210.72 and a 52-week high of $4,388.11.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, March 3rd. The company reported $27.63 earnings per share for the quarter, beating analysts’ consensus estimates of $27.59 by $0.04. The firm had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.31 billion. AutoZone had a net margin of 12.47% and a negative return on equity of 72.31%. AutoZone’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $28.29 earnings per share. As a group, analysts forecast that AutoZone, Inc. will post 148.93 EPS for the current fiscal year.

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.