AutoZone (NYSE:AZO) Stock Acquired Rep. Rick W. Allen

Representative Rick W. Allen (R-Georgia) recently bought shares of AutoZone, Inc. (NYSE:AZO). In a filing disclosed on February 20th, the Representative disclosed that they had bought between $15,001 and $50,000 in AutoZone stock on January 17th. The trade occurred in the Representative’s “R.W. ALLEN & ASSOCIATES, INC. > RWA&A – SECURITIES” account.

Representative Rick W. Allen also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Rollins (NYSE:ROL) on 12/12/2024.

AutoZone Stock Down 1.2 %

NYSE:AZO opened at $3,366.15 on Friday. The company has a fifty day moving average of $3,321.62 and a 200 day moving average of $3,206.32. AutoZone, Inc. has a 52 week low of $2,708.09 and a 52 week high of $3,484.42. The firm has a market capitalization of $56.49 billion, a P/E ratio of 22.49, a P/E/G ratio of 1.88 and a beta of 0.70.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 EPS for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The firm had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the company earned $32.55 earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, analysts anticipate that AutoZone, Inc. will post 152.94 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. International Assets Investment Management LLC grew its holdings in AutoZone by 354,692.5% in the 3rd quarter. International Assets Investment Management LLC now owns 993,419 shares of the company’s stock valued at $31,293,100,000 after buying an additional 993,139 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in AutoZone by 482,040.2% during the 4th quarter. Proficio Capital Partners LLC now owns 419,462 shares of the company’s stock valued at $1,343,117,000 after acquiring an additional 419,375 shares during the period. Norges Bank purchased a new position in AutoZone during the 4th quarter valued at about $834,556,000. Strategic Financial Concepts LLC purchased a new position in AutoZone during the 4th quarter valued at about $471,629,000. Finally, Wealthfront Advisers LLC boosted its holdings in AutoZone by 6,083.9% during the 4th quarter. Wealthfront Advisers LLC now owns 90,656 shares of the company’s stock valued at $290,281,000 after acquiring an additional 89,190 shares during the period. 92.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Evercore ISI upped their price objective on shares of AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Wells Fargo & Company upped their price objective on shares of AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Truist Financial upped their price objective on shares of AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Citigroup upped their price objective on shares of AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, TD Cowen upped their target price on shares of AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, AutoZone has a consensus rating of “Moderate Buy” and a consensus target price of $3,429.84.

About Representative Allen

Rick Allen (Republican Party) is a member of the U.S. House, representing Georgia’s 12th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.

Allen (Republican Party) ran for re-election to the U.S. House to represent Georgia’s 12th Congressional District. He won in the general election on November 5, 2024.

Allen was born in Augusta, Georgia, in 1951. He attended Auburn University in Alabama, graduating in 1973 with a B.S. in building construction.

After earning his degree, Allen worked as an estimator, project administrator and assistant to the president with a construction firm in Augusta. In 1976, he founded his own construction business, R. W. Allen & Associates, Inc. The company operates in six states across the country. In 2008, Allen was presented with the Augusta Metro Chamber of Commerce’s Small Business Person of the Year award.

About AutoZone

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides 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.