AutoZone (NYSE:AZO) Given New $4,000.00 Price Target at Jefferies Financial Group

AutoZone (NYSE:AZO) had its target price reduced by Jefferies Financial Group from $4,400.00 to $4,000.00 in a report published on Wednesday morning,MarketScreener reports. Jefferies Financial Group currently has a buy rating on the stock.

Several other analysts have also recently weighed in on the stock. Roth Mkm lowered their price objective on shares of AutoZone from $4,526.00 to $4,023.00 and set a “buy” rating on the stock in a research report on Wednesday. Mizuho cut their target price on shares of AutoZone from $3,600.00 to $3,200.00 and set a “neutral” rating for the company in a research report on Wednesday. Citigroup reduced their target price on AutoZone from $4,300.00 to $3,700.00 and set a “buy” rating on the stock in a research note on Wednesday. TD Cowen dropped their price target on AutoZone from $4,250.00 to $3,700.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Evercore reiterated an “outperform” rating on shares of AutoZone in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, AutoZone has a consensus rating of “Moderate Buy” and a consensus target price of $4,040.87.

AutoZone Trading Down 1.6%

AZO stock opened at $2,979.52 on Wednesday. The company’s 50 day moving average is $3,438.99 and its 200 day moving average is $3,575.13. The stock has a market cap of $49.10 billion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 1.58 and a beta of 0.43. AutoZone has a 1-year low of $2,945.00 and a 1-year high of $4,388.11.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, May 26th. The company reported $38.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $36.22 by $1.85. AutoZone had a net margin of 12.47% and a negative return on equity of 72.31%. The business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same period in the previous year, the business posted $35.36 earnings per share. AutoZone’s revenue for the quarter was up 8.4% on a year-over-year basis. As a group, sell-side analysts forecast that AutoZone will post 149.35 EPS for the current fiscal year.

Insider Activity

In other news, Director Earl G. Graves, Jr. sold 50 shares of AutoZone stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $3,478.72, for a total value of $173,936.00. Following the transaction, the director owned 4,837 shares in the company, valued at approximately $16,826,568.64. The trade was a 1.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On AutoZone

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in AutoZone by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,797,548 shares of the company’s stock worth $7,711,912,000 after purchasing an additional 26,544 shares during the period. Morgan Stanley boosted its stake in shares of AutoZone by 17.8% during the fourth quarter. Morgan Stanley now owns 492,794 shares of the company’s stock valued at $1,671,323,000 after purchasing an additional 74,555 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of AutoZone by 1.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 387,042 shares of the company’s stock worth $1,312,654,000 after purchasing an additional 7,390 shares during the last quarter. Norges Bank bought a new position in shares of AutoZone in the fourth quarter worth approximately $939,205,000. Finally, PineStone Asset Management Inc. increased its stake in shares of AutoZone by 1.5% in the fourth quarter. PineStone Asset Management Inc. now owns 269,173 shares of the company’s stock worth $912,900,000 after buying an additional 3,868 shares during the period. 92.74% of the stock is currently owned by institutional investors.

More AutoZone News

Here are the key news stories impacting AutoZone this week:

• Positive Sentiment: AutoZone posted Q3 sales growth of 8.4% year over year and beat EPS estimates, with commercial sales rising 10.4% and management highlighting stronger share gains and faster store expansion. AutoZone Q3 Earnings Beat Estimates on Strong Sales Growth
• Positive Sentiment: Management said late-quarter softness was largely weather-related noise and emphasized ongoing commercial momentum, which supports the long-term growth story. AZO Q3 Earnings Call Puts Focus on Commercial Momentum
• Positive Sentiment: Wall Street analysts remain broadly constructive on AZO, with several firms reiterating buy-equivalent ratings even as they trimmed price targets after the earnings release. Are Wall Street Analysts Predicting AutoZone Stock Will Climb or Sink?
• Neutral Sentiment: AutoZone is still on track to open 355 to 365 new locations this fiscal year, which supports growth but also requires continued capital spending. AutoZone Fell Short of Wall Street’s Expectations. Should You Buy the Dip?
• Negative Sentiment: The stock fell sharply after AutoZone’s revenue came in slightly below estimates, and investors also reacted to margin pressure and a 57-basis-point decline in gross margin. AutoZone shares slide on quarterly revenue miss
• Negative Sentiment: International growth slowed and remained challenged, adding to concerns that the quarter’s solid earnings quality may not be fully translating into higher profitability. AutoZone shares slide on quarterly revenue miss
• Negative Sentiment: Multiple brokers lowered price targets after the print, which can reinforce bearish near-term sentiment even though most still kept bullish ratings. AutoZone Analysts Slash Their Forecasts Following Q3 Results

AutoZone Company Profile

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.