AutoZone, Inc. (NYSE:AZO – Get Rating) – Investment analysts at DA Davidson issued their Q4 2022 earnings estimates for AutoZone in a research report issued to clients and investors on Thursday, May 26th. DA Davidson analyst M. Baker expects that the company will earn $38.88 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $1,920.00 price objective on the stock.
AutoZone (NYSE:AZO – Get Rating) last announced its quarterly earnings data on Tuesday, May 24th. The company reported $29.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $25.70 by $3.33. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.71 billion. AutoZone had a negative return on equity of 109.21% and a net margin of 15.44%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $26.48 earnings per share.
A number of other research analysts have also recently issued reports on AZO. Morgan Stanley lifted their price objective on AutoZone from $2,050.00 to $2,125.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 2nd. Zacks Investment Research downgraded AutoZone from a “strong-buy” rating to a “hold” rating and set a $2,096.00 price target on the stock. in a report on Tuesday, February 8th. Wedbush reissued an “outperform” rating on shares of AutoZone in a research report on Monday. Stephens raised their price target on shares of AutoZone from $2,195.00 to $2,285.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Truist Financial dropped their price target on shares of AutoZone from $2,215.00 to $2,174.00 and set a “buy” rating on the stock in a report on Wednesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, AutoZone has a consensus rating of “Buy” and a consensus price target of $2,095.33.
Shares of NYSE:AZO opened at $2,028.96 on Friday. The stock has a fifty day simple moving average of $2,039.27 and a two-hundred day simple moving average of $1,977.43. The stock has a market capitalization of $40.27 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 1.50 and a beta of 0.90. AutoZone has a 12-month low of $1,367.96 and a 12-month high of $2,267.40.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Baird Financial Group Inc. boosted its stake in AutoZone by 2.6% during the fourth quarter. Baird Financial Group Inc. now owns 1,487 shares of the company’s stock worth $3,117,000 after buying an additional 38 shares during the period. Aptus Capital Advisors LLC boosted its stake in AutoZone by 17.2% during the fourth quarter. Aptus Capital Advisors LLC now owns 1,377 shares of the company’s stock worth $2,887,000 after buying an additional 202 shares during the period. Natixis boosted its stake in AutoZone by 1,646.7% during the third quarter. Natixis now owns 5,764 shares of the company’s stock worth $9,787,000 after buying an additional 5,434 shares during the period. FDx Advisors Inc. boosted its stake in AutoZone by 58.0% during the fourth quarter. FDx Advisors Inc. now owns 278 shares of the company’s stock worth $583,000 after buying an additional 102 shares during the period. Finally, HighTower Advisors LLC boosted its stake in AutoZone by 313.9% during the third quarter. HighTower Advisors LLC now owns 43,045 shares of the company’s stock worth $73,034,000 after buying an additional 32,644 shares during the period. 95.97% of the stock is owned by institutional investors.
In related news, VP Eric S. Gould sold 2,550 shares of the firm’s stock in a transaction on Thursday, March 24th. The shares were sold at an average price of $2,000.00, for a total value of $5,100,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Albert Saltiel sold 2,752 shares of AutoZone stock in a transaction on Thursday, April 7th. The stock was sold at an average price of $2,154.70, for a total transaction of $5,929,734.40. Following the transaction, the vice president now directly owns 323 shares of the company’s stock, valued at $695,968.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,682 shares of company stock worth $16,146,334. Company insiders own 2.60% of the company’s stock.
About AutoZone (Get Rating)
AutoZone, Inc retails and distributes automotive replacement parts and accessories. The company offers 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. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps, as well as tire repairs.
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