American National Bank & Trust Co. VA Makes New $227,000 Investment in AutoZone, Inc. (NYSE:AZO)

American National Bank & Trust Co. VA acquired a new position in shares of AutoZone, Inc. (NYSE:AZO) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 72 shares of the company’s stock, valued at approximately $227,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its holdings in AutoZone by 232,194.6% during the 4th quarter. International Assets Investment Management LLC now owns 731,728 shares of the company’s stock worth $1,891,963,000 after purchasing an additional 731,413 shares during the last quarter. Royal Bank of Canada raised its holdings in AutoZone by 1.3% during the 3rd quarter. Royal Bank of Canada now owns 441,566 shares of the company’s stock worth $1,121,572,000 after purchasing an additional 5,650 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of AutoZone by 111.4% in the 3rd quarter. Wellington Management Group LLP now owns 335,190 shares of the company’s stock valued at $851,379,000 after acquiring an additional 176,623 shares during the last quarter. Norges Bank bought a new stake in shares of AutoZone in the 4th quarter valued at about $678,350,000. Finally, Morgan Stanley increased its stake in shares of AutoZone by 4.5% in the 3rd quarter. Morgan Stanley now owns 259,964 shares of the company’s stock valued at $660,309,000 after acquiring an additional 11,104 shares during the last quarter. 92.74% of the stock is owned by institutional investors.

Insider Activity

In related news, VP Jenna M. Bedsole acquired 36 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was bought at an average price of $2,757.10 per share, with a total value of $99,255.60. Following the acquisition, the vice president now owns 36 shares in the company, valued at approximately $99,255.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is currently owned by insiders.

AutoZone Stock Down 0.9 %

NYSE:AZO opened at $2,844.88 on Friday. AutoZone, Inc. has a twelve month low of $2,375.35 and a twelve month high of $3,256.37. The business has a 50 day moving average price of $2,884.88 and a two-hundred day moving average price of $2,868.29. The company has a market cap of $48.59 billion, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 1.43 and a beta of 0.71.

AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, May 21st. The company reported $36.69 EPS for the quarter, beating the consensus estimate of $35.67 by $1.02. The company had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.29 billion. AutoZone had a negative return on equity of 54.58% and a net margin of 14.60%. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $34.12 EPS. As a group, analysts anticipate that AutoZone, Inc. will post 151.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AZO. Wedbush lowered their price target on AutoZone from $3,400.00 to $3,200.00 and set an “outperform” rating for the company in a research note on Wednesday, May 22nd. Morgan Stanley lowered their price target on AutoZone from $3,100.00 to $3,038.00 and set an “overweight” rating for the company in a research note on Wednesday, May 22nd. Truist Financial lowered their price target on AutoZone from $3,523.00 to $3,394.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd. Oppenheimer reaffirmed a “market perform” rating and issued a $2,600.00 price target on shares of AutoZone in a research note on Wednesday, June 26th. Finally, Mizuho lowered their price target on AutoZone from $3,450.00 to $3,280.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $3,112.71.

AutoZone Company 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.