D.A. Davidson & CO. Grows Stock Holdings in AutoZone, Inc. $AZO

D.A. Davidson & CO. grew its holdings in AutoZone, Inc. (NYSE:AZO) by 13.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,098 shares of the company’s stock after purchasing an additional 249 shares during the quarter. D.A. Davidson & CO.’s holdings in AutoZone were worth $7,115,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Pictet Asset Management Holding SA raised its stake in shares of AutoZone by 11.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 22,486 shares of the company’s stock worth $76,266,000 after acquiring an additional 2,330 shares in the last quarter. Cornerstone Investment Partners LLC raised its stake in shares of AutoZone by 26.9% during the 4th quarter. Cornerstone Investment Partners LLC now owns 13,298 shares of the company’s stock worth $45,100,000 after acquiring an additional 2,821 shares in the last quarter. Lee Danner & Bass Inc. raised its stake in shares of AutoZone by 3.2% during the 4th quarter. Lee Danner & Bass Inc. now owns 162 shares of the company’s stock worth $549,000 after acquiring an additional 5 shares in the last quarter. Simon Quick Advisors LLC raised its stake in shares of AutoZone by 1.6% during the 4th quarter. Simon Quick Advisors LLC now owns 310 shares of the company’s stock worth $1,051,000 after acquiring an additional 5 shares in the last quarter. Finally, Quent Capital LLC raised its stake in shares of AutoZone by 61.7% during the 4th quarter. Quent Capital LLC now owns 207 shares of the company’s stock worth $702,000 after acquiring an additional 79 shares in the last quarter. Institutional investors own 92.74% of the company’s stock.

Wall Street Analyst Weigh In

AZO has been the topic of a number of recent analyst reports. Robert W. Baird lowered 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 note on Monday, February 9th. Truist Financial cut 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 note on Wednesday, March 4th. Citigroup upped their price target on shares of AutoZone from $4,200.00 to $4,300.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. BMO Capital Markets cut their price target on shares of AutoZone from $4,400.00 to $4,300.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 4th. Finally, Argus upgraded shares of AutoZone from a “hold” rating to a “buy” rating and set a $4,325.00 price target on the stock in a research note on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six 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 price target of $4,312.13.

Insider Buying and Selling at AutoZone

In other news, Director Earl G. Graves, Jr. sold 50 shares of the business’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 owned 4,837 shares in the company, valued at approximately $16,826,568.64. The trade was a 1.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.60% of the company’s stock.

AutoZone Trading Up 0.1%

AutoZone stock opened at $3,564.08 on Wednesday. AutoZone, Inc. has a 12-month low of $3,210.72 and a 12-month high of $4,388.11. The stock has a market cap of $58.74 billion, a P/E ratio of 24.97, a PEG ratio of 1.83 and a beta of 0.41. The company has a 50-day moving average price of $3,549.84 and a 200 day moving average price of $3,634.09.

AutoZone (NYSE:AZO) last announced its quarterly earnings data 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. AutoZone had a net margin of 12.47% and a negative return on equity of 72.31%. The firm had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $4.31 billion. During the same quarter in the previous year, the business posted $28.29 earnings per share. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. As a group, analysts forecast that AutoZone, Inc. will post 148.93 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.