Signet Private Wealth LLC Buys Shares of 173 AutoZone, Inc. $AZO

Signet Private Wealth LLC purchased a new position in shares of AutoZone, Inc. (NYSE:AZO) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 173 shares of the company’s stock, valued at approximately $587,000.

Other hedge funds also recently made changes to their positions in the company. Zions Bancorporation National Association UT raised its holdings in shares of AutoZone by 73.8% in the fourth quarter. Zions Bancorporation National Association UT now owns 73 shares of the company’s stock valued at $248,000 after purchasing an additional 31 shares during the last quarter. Brandes Investment Partners LP lifted its position in shares of AutoZone by 7.5% in the fourth quarter. Brandes Investment Partners LP now owns 11,417 shares of the company’s stock worth $38,747,000 after purchasing an additional 792 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in AutoZone during the fourth quarter worth $868,000. CenterBook Partners LP bought a new position in AutoZone in the fourth quarter valued at $2,618,000. Finally, Manchester Capital Management LLC grew its position in AutoZone by 22.0% in the fourth quarter. Manchester Capital Management LLC now owns 227 shares of the company’s stock valued at $770,000 after purchasing an additional 41 shares in the last quarter. 92.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AZO shares. The Goldman Sachs Group cut their price target on shares of AutoZone from $4,345.00 to $4,096.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. Jefferies Financial Group decreased their price objective on AutoZone from $4,400.00 to $4,000.00 and set a “buy” rating for the company in a report on Wednesday, May 27th. Mizuho lowered their target price on AutoZone from $3,600.00 to $3,200.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 27th. Argus upgraded AutoZone from a “hold” rating to a “buy” rating and set a $4,325.00 target price on the stock in a report on Monday, March 9th. Finally, Evercore reissued an “outperform” rating on shares of AutoZone in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $4,040.87.

Key AutoZone News

Here are the key news stories impacting AutoZone this week:

• Positive Sentiment: Zacks Research raised its FY2026 EPS estimate for AutoZone to $150.59 from $149.47, slightly above the consensus estimate of $150.18, suggesting the company may still meet or modestly beat current-year expectations.
• Neutral Sentiment: AutoZone’s recent earnings surprise remains a focal point for investors, with commentary suggesting the company outperformed expectations this quarter, helping support the longer-term bull case. What’s Behind AutoZone’s Earnings Surprise This Quarter?
• Negative Sentiment: Zacks Research trimmed multiple future EPS forecasts for AutoZone, including Q2 2027, Q3 2027, Q4 2027, Q1 2028, Q2 2028, Q3 2028, FY2027, and FY2028. That pattern suggests analysts see some moderation in earnings momentum over the medium term.

Insider Buying and Selling

In other AutoZone news, Director Earl G. Graves, Jr. sold 50 shares of the company’s stock in a transaction that occurred on 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 sale, the director owned 4,837 shares in the company, valued at $16,826,568.64. This represents a 1.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Brian Hannasch acquired 165 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was acquired at an average cost of $2,987.00 per share, with a total value of $492,855.00. Following the completion of the transaction, the director owned 1,219 shares of the company’s stock, valued at approximately $3,641,153. The trade was a 15.65% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.60% of the stock is owned by insiders.

AutoZone Price Performance

Shares of AZO opened at $3,114.30 on Thursday. The firm has a 50-day moving average of $3,379.31 and a 200-day moving average of $3,522.92. AutoZone, Inc. has a one year low of $2,928.11 and a one year high of $4,388.11. The company has a market cap of $51.32 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 1.59 and a beta of 0.35.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, May 26th. The company reported $38.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $36.22 by $1.85. AutoZone had a net margin of 12.40% and a negative return on equity of 80.35%. The company had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.86 billion. During the same period in the prior year, the firm earned $35.36 EPS. AutoZone’s quarterly revenue was up 8.4% compared to the same quarter last year. Analysts expect that AutoZone, Inc. will post 150.26 earnings per share for the current year.

AutoZone 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.