Lbp Am Sa Acquires 598 Shares of AutoZone, Inc. $AZO

Key Points

• Lbp Am Sa increased its holdings in AutoZone, Inc. by 132.0%, acquiring an additional 598 shares, bringing its total to 1,051 shares valued at approximately $3.9 million.
• AutoZone's quarterly earnings report revealed earnings per share of $48.71, missing analysts' expectations, with revenue of $6.24 billion, slightly below the forecast.
• Wall Street analysts maintain a generally positive outlook on AutoZone, with a consensus rating of "Moderate Buy" and a price target averaging around $4,538.21.

Lbp Am Sa boosted its position in AutoZone, Inc. (NYSE:AZO - Free Report) by 132.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,051 shares of the company's stock after acquiring an additional 598 shares during the period. Lbp Am Sa's holdings in AutoZone were worth $3,902,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in AutoZone by 3.5% in the 1st quarter. Blue Trust Inc. now owns 89 shares of the company's stock worth $339,000 after acquiring an additional 3 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV grew its holdings in AutoZone by 10.1% in the 1st quarter. Hudson Valley Investment Advisors Inc. ADV now owns 2,954 shares of the company's stock worth $11,267,000 after acquiring an additional 271 shares during the last quarter. Kirr Marbach & Co. LLC IN grew its holdings in AutoZone by 0.9% in the 1st quarter. Kirr Marbach & Co. LLC IN now owns 7,761 shares of the company's stock worth $29,591,000 after acquiring an additional 68 shares during the last quarter. Banco Santander S.A. grew its holdings in AutoZone by 98.3% in the 1st quarter. Banco Santander S.A. now owns 829 shares of the company's stock worth $3,161,000 after acquiring an additional 411 shares during the last quarter. Finally, Alpine Bank Wealth Management bought a new stake in AutoZone in the 1st quarter worth $545,000. Institutional investors own 92.74% of the company's stock.

AutoZone Price Performance

Shares of NYSE AZO opened at $4,259.54 on Friday. AutoZone, Inc. has a 1 year low of $2,980.10 and a 1 year high of $4,388.11. The stock has a market cap of $71.48 billion, a P/E ratio of 29.40, a price-to-earnings-growth ratio of 2.00 and a beta of 0.40. The firm has a 50-day moving average of $4,118.04 and a 200 day moving average of $3,836.62.

AutoZone (NYSE:AZO - Get Free Report) last issued its quarterly earnings results on Tuesday, September 23rd. The company reported $48.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $50.52 by ($1.81). AutoZone had a net margin of 13.19% and a negative return on equity of 60.49%. The business had revenue of $6.24 billion for the quarter, compared to analysts' expectations of $6.26 billion. During the same period last year, the business earned $51.58 earnings per share. The company's revenue was up .6% on a year-over-year basis. Research analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. UBS Group cut their price target on shares of AutoZone from $4,925.00 to $4,800.00 and set a "buy" rating on the stock in a report on Wednesday, September 24th. Truist Financial dropped their target price on shares of AutoZone from $4,504.00 to $4,499.00 and set a "buy" rating for the company in a research report on Wednesday, September 24th. DA Davidson reaffirmed a "buy" rating and issued a $4,850.00 target price on shares of AutoZone in a research report on Wednesday, September 24th. Guggenheim raised their target price on shares of AutoZone from $4,100.00 to $4,600.00 and gave the stock a "buy" rating in a research report on Wednesday, September 24th. Finally, Mizuho raised their target price on shares of AutoZone from $3,740.00 to $4,050.00 and gave the stock an "outperform" rating in a research report on Thursday, July 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, AutoZone has a consensus rating of "Moderate Buy" and a consensus price target of $4,538.21.

Insider Transactions at AutoZone

In other AutoZone news, VP John Scott Murphy sold 2,860 shares of AutoZone stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $4,175.70, for a total value of $11,942,502.00. Following the completion of the transaction, the vice president directly owned 1,244 shares of the company's stock, valued at approximately $5,194,570.80. The trade was a 69.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Richard Craig Smith sold 3,000 shares of AutoZone stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $3,875.90, for a total transaction of $11,627,700.00. Following the completion of the transaction, the vice president directly owned 2,925 shares of the company's stock, valued at $11,337,007.50. This trade represents a 50.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.

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