Keybank National Association OH Increases Position in AutoZone, Inc. (NYSE:AZO)

Keybank National Association OH boosted its holdings in AutoZone, Inc. (NYSE:AZO) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 408 shares of the company’s stock after purchasing an additional 5 shares during the quarter. Keybank National Association OH’s holdings in AutoZone were worth $1,306,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Proficio Capital Partners LLC lifted its stake in shares of AutoZone by 482,040.2% in the fourth quarter. Proficio Capital Partners LLC now owns 419,462 shares of the company’s stock worth $1,343,117,000 after buying an additional 419,375 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in shares of AutoZone in the fourth quarter worth approximately $471,629,000. The Manufacturers Life Insurance Company lifted its stake in shares of AutoZone by 186.8% in the third quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company’s stock worth $292,544,000 after buying an additional 60,483 shares in the last quarter. Canoe Financial LP lifted its stake in shares of AutoZone by 542.8% in the fourth quarter. Canoe Financial LP now owns 62,471 shares of the company’s stock worth $200,032,000 after buying an additional 52,753 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its stake in shares of AutoZone by 35.6% in the fourth quarter. Baillie Gifford & Co. now owns 163,089 shares of the company’s stock worth $522,211,000 after buying an additional 42,776 shares in the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Trading Up 0.1 %

AZO opened at $3,620.28 on Friday. AutoZone, Inc. has a 1-year low of $2,728.97 and a 1-year high of $3,636.96. The company has a market capitalization of $60.76 billion, a PE ratio of 24.19, a PEG ratio of 1.86 and a beta of 0.71. The firm’s 50 day simple moving average is $3,365.96 and its two-hundred day simple moving average is $3,229.56.

AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, March 4th. The company reported $28.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $29.11 by ($0.82). The firm had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.98 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. Equities analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AZO has been the topic of several analyst reports. Truist Financial upped their target price on shares of AutoZone from $3,753.00 to $3,841.00 and gave the stock a “buy” rating in a research note on Wednesday. UBS Group upped their target price on shares of AutoZone from $3,875.00 to $4,025.00 and gave the stock a “buy” rating in a research note on Wednesday. Evercore ISI increased their price objective on shares of AutoZone from $3,525.00 to $3,700.00 and gave the company an “outperform” rating in a research report on Wednesday. BMO Capital Markets increased their price objective on shares of AutoZone from $3,700.00 to $3,850.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Argus downgraded shares of AutoZone from a “buy” rating to a “hold” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, AutoZone currently has a consensus rating of “Moderate Buy” and an average price target of $3,646.62.

Insider Transactions at AutoZone

In other news, SVP Bailey L. Childress sold 160 shares of the 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 of the company’s stock, valued at $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 available at this hyperlink. Corporate insiders own 2.10% of the company’s stock.

AutoZone 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.