AutoZone, Inc. (NYSE:AZO) Shares Bought by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC grew its position in shares of AutoZone, Inc. (NYSE:AZO) by 6.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,101 shares of the company’s stock after purchasing an additional 133 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in AutoZone were worth $6,228,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. PineStone Asset Management Inc. grew its stake in shares of AutoZone by 137.6% during the second quarter. PineStone Asset Management Inc. now owns 310,043 shares of the company’s stock valued at $918,998,000 after acquiring an additional 179,543 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of AutoZone in the 2nd quarter valued at approximately $424,000. Captrust Financial Advisors boosted its stake in shares of AutoZone by 564.2% during the 1st quarter. Captrust Financial Advisors now owns 152,091 shares of the company’s stock valued at $479,338,000 after buying an additional 129,193 shares during the last quarter. Baillie Gifford & Co. grew its position in shares of AutoZone by 2,714.8% during the second quarter. Baillie Gifford & Co. now owns 120,194 shares of the company’s stock worth $356,267,000 after buying an additional 115,924 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in shares of AutoZone by 106.7% in the first quarter. Bessemer Group Inc. now owns 117,891 shares of the company’s stock worth $371,552,000 after buying an additional 60,852 shares during the last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Truist Financial reduced their price objective on shares of AutoZone from $3,523.00 to $3,394.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd. Mizuho reduced their target price on AutoZone from $3,450.00 to $3,280.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. UBS Group decreased their target price on AutoZone from $3,465.00 to $3,340.00 and set a “buy” rating for the company in a research report on Wednesday, May 22nd. StockNews.com raised AutoZone from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Finally, Barclays decreased their price objective on shares of AutoZone from $3,100.00 to $3,024.00 and set an “overweight” rating for the company in a report on Thursday, May 23rd. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $3,112.71.

AutoZone Trading Down 0.1 %

Shares of NYSE AZO opened at $3,074.71 on Thursday. AutoZone, Inc. has a 12-month low of $2,375.35 and a 12-month high of $3,256.37. The company has a market cap of $52.53 billion, a PE ratio of 21.27, a P/E/G ratio of 1.45 and a beta of 0.71. The stock has a 50 day simple moving average of $3,100.68 and a 200-day simple moving average of $3,011.63.

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.