Fideuram Asset Management Ireland dac Makes New Investment in AutoZone, Inc. $AZO

Fideuram Asset Management Ireland dac bought a new position in shares of AutoZone, Inc. (NYSE:AZO) during the fourth quarter, HoldingsChannel.com reports. The firm bought 220 shares of the company’s stock, valued at approximately $767,000.

Other hedge funds also recently added to or reduced their stakes in the company. Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in shares of AutoZone by 6.6% in the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,966 shares of the company’s stock valued at $21,315,000 after purchasing an additional 306 shares in the last quarter. Summit Global Investments raised its holdings in shares of AutoZone by 132.8% in the 3rd quarter. Summit Global Investments now owns 319 shares of the company’s stock valued at $1,369,000 after purchasing an additional 182 shares in the last quarter. Numerai GP LLC raised its holdings in shares of AutoZone by 1,199.3% in the 3rd quarter. Numerai GP LLC now owns 1,754 shares of the company’s stock valued at $7,525,000 after purchasing an additional 1,619 shares in the last quarter. Foundations Investment Advisors LLC acquired a new stake in shares of AutoZone in the 3rd quarter valued at $678,000. Finally, Caprock Group LLC acquired a new stake in shares of AutoZone in the 3rd quarter valued at $4,049,000. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Brian Hannasch bought 165 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were purchased at an average cost of $2,987.00 per share, with a total value of $492,855.00. Following the transaction, the director directly owned 1,219 shares of the company’s stock, valued at approximately $3,641,153. This represents a 15.65% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Earl G. Graves, Jr. sold 50 shares of the stock in a transaction 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 transaction, the director directly owned 4,837 shares in the company, valued at $16,826,568.64. This trade represents a 1.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 2.60% of the company’s stock.

AutoZone Price Performance

NYSE AZO opened at $2,936.42 on Friday. The firm’s fifty day moving average price is $3,421.80 and its 200 day moving average price is $3,565.71. The company has a market capitalization of $48.39 billion, a price-to-earnings ratio of 20.57, a price-to-earnings-growth ratio of 1.49 and a beta of 0.43. AutoZone, Inc. has a 12 month low of $2,931.65 and a 12 month high of $4,388.11.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, May 26th. The company reported $38.07 EPS for the quarter, beating analysts’ consensus estimates of $36.22 by $1.85. The firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.86 billion. AutoZone had a net margin of 12.47% and a negative return on equity of 72.31%. The company’s revenue was up 8.4% on a year-over-year basis. During the same period last year, the firm posted $35.36 EPS. As a group, sell-side analysts forecast that AutoZone, Inc. will post 150.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. DA Davidson reduced their price objective on shares of AutoZone from $4,300.00 to $3,750.00 and set a “buy” rating on the stock in a report on Wednesday. Raymond James Financial restated a “strong-buy” rating on shares of AutoZone in a report on Wednesday. BNP Paribas Exane reduced their price objective on shares of AutoZone from $4,478.00 to $3,979.00 and set an “outperform” rating on the stock in a report on Wednesday. Mizuho reduced their price objective on shares of AutoZone from $3,600.00 to $3,200.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, UBS Group set a $4,800.00 price objective on shares of AutoZone in a report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, AutoZone has an average rating of “Moderate Buy” and an average price target of $4,040.87.

AutoZone News Roundup

Here are the key news stories impacting AutoZone this week:

• Positive Sentiment: Several brokerages, including Guggenheim and TD Cowen, reiterated bullish ratings on AutoZone, and other analysts still see meaningful upside despite the selloff.
• Positive Sentiment: AutoZone reported 8.4% year-over-year revenue growth and management said commercial momentum remains strong, with plans to open 355 to 365 new locations this fiscal year.
• Neutral Sentiment: Analyst updates lowered price targets, including moves from Jefferies and BNP Paribas Exane, but both firms kept positive ratings, signaling reduced optimism rather than a bearish call.
• Neutral Sentiment: Market commentary suggests investors are weighing whether the post-earnings decline has created a buying opportunity or whether the stock could fall further from current levels.
• Negative Sentiment: AutoZone’s latest results fell short of revenue expectations, which triggered the stock’s decline as investors focused on the miss rather than the EPS beat. Article: Why AutoZone Stock Slumped This Week
• Negative Sentiment: Some reports say the stock is sliding because investors are concerned that late-quarter softness may point to slowing momentum, despite management’s explanation that weather impacted results.

About AutoZone

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.