Commerzbank Aktiengesellschaft FI Has $3.24 Million Position in AutoZone, Inc. $AZO

Commerzbank Aktiengesellschaft FI raised its stake in shares of AutoZone, Inc. (NYSE:AZO) by 519.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 954 shares of the company’s stock after purchasing an additional 800 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in AutoZone were worth $3,235,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AZO. Lazard Asset Management LLC grew its holdings in AutoZone by 6.3% during the second quarter. Lazard Asset Management LLC now owns 51 shares of the company’s stock worth $189,000 after buying an additional 3 shares in the last quarter. Covestor Ltd grew its holdings in AutoZone by 5.5% during the third quarter. Covestor Ltd now owns 58 shares of the company’s stock worth $250,000 after buying an additional 3 shares in the last quarter. SYM FINANCIAL Corp grew its holdings in AutoZone by 3.6% during the third quarter. SYM FINANCIAL Corp now owns 86 shares of the company’s stock worth $369,000 after buying an additional 3 shares in the last quarter. Assetmark Inc. grew its holdings in AutoZone by 1.4% during the third quarter. Assetmark Inc. now owns 212 shares of the company’s stock worth $908,000 after buying an additional 3 shares in the last quarter. Finally, Camden National Bank grew its holdings in AutoZone by 3.6% during the third quarter. Camden National Bank now owns 86 shares of the company’s stock worth $369,000 after buying an additional 3 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors.

AutoZone Price Performance

Shares of NYSE AZO opened at $3,318.09 on Friday. AutoZone, Inc. has a one year low of $3,210.72 and a one year high of $4,388.11. The business’s fifty day moving average price is $3,492.44 and its 200-day moving average price is $3,597.74. The stock has a market capitalization of $54.68 billion, a PE ratio of 23.25, a P/E/G ratio of 1.70 and a beta of 0.43.

AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, March 3rd. The company reported $27.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $27.59 by $0.04. AutoZone had a negative return on equity of 72.31% and a net margin of 12.47%.The company had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.31 billion. During the same period in the previous year, the company posted $28.29 EPS. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, equities analysts expect that AutoZone, Inc. will post 148.93 EPS for the current fiscal year.

Insider Activity

In related news, Director Earl G. Graves, Jr. sold 50 shares of the business’s stock in a transaction on Friday, April 10th. The stock was sold at an average price of $3,478.72, for a total transaction of $173,936.00. Following the sale, the director directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Oppenheimer reiterated an “outperform” rating and set a $4,300.00 price target (up from $4,150.00) on shares of AutoZone in a report on Tuesday, March 10th. TD Cowen decreased their price target on AutoZone from $4,400.00 to $4,250.00 and set a “buy” rating for the company in a report on Monday, March 16th. Truist Financial cut their price objective on AutoZone from $4,076.00 to $4,045.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. Morgan Stanley boosted their price objective on AutoZone from $4,000.00 to $4,020.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Finally, Robert W. Baird cut AutoZone from an “outperform” rating to a “neutral” rating and set a $3,900.00 price objective on the stock. in a research report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $4,312.13.

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.