AutoZone, Inc. (NYSE:AZO) Shares Purchased by M&T Bank Corp

M&T Bank Corp raised its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 17.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,725 shares of the company’s stock after purchasing an additional 551 shares during the period. M&T Bank Corp’s holdings in AutoZone were worth $11,927,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Crew Capital Management Ltd. boosted its holdings in shares of AutoZone by 18.1% in the 4th quarter. Crew Capital Management Ltd. now owns 385 shares of the company’s stock valued at $1,233,000 after buying an additional 59 shares during the period. Victory Capital Management Inc. raised its stake in AutoZone by 0.7% during the fourth quarter. Victory Capital Management Inc. now owns 7,248 shares of the company’s stock worth $23,208,000 after acquiring an additional 52 shares during the period. Keybank National Association OH lifted its holdings in AutoZone by 1.2% in the fourth quarter. Keybank National Association OH now owns 408 shares of the company’s stock worth $1,306,000 after acquiring an additional 5 shares during the last quarter. Westover Capital Advisors LLC boosted its stake in AutoZone by 9.2% in the fourth quarter. Westover Capital Advisors LLC now owns 666 shares of the company’s stock valued at $2,133,000 after acquiring an additional 56 shares during the period. Finally, Patten Group Inc. grew its holdings in shares of AutoZone by 205.5% during the fourth quarter. Patten Group Inc. now owns 223 shares of the company’s stock valued at $714,000 after purchasing an additional 150 shares during the last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Roth Mkm raised their price target on AutoZone from $3,634.00 to $3,763.00 and gave the stock a “buy” rating in a report on Wednesday. Argus downgraded shares of AutoZone from a “buy” rating to a “hold” rating in a report on Wednesday. Bank of America upped their price target on shares of AutoZone from $3,600.00 to $3,700.00 and gave the stock a “neutral” rating in a research report on Wednesday. Wedbush reiterated an “outperform” rating and issued a $3,700.00 price objective on shares of AutoZone in a research report on Wednesday. Finally, DA Davidson upped their target price on shares of AutoZone from $3,350.00 to $3,500.00 and gave the stock a “neutral” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have issued a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AutoZone has an average rating of “Moderate Buy” and an average price target of $3,646.62.

AutoZone Stock Up 1.4 %

NYSE:AZO opened at $3,607.20 on Friday. AutoZone, Inc. has a 52-week low of $2,728.97 and a 52-week high of $3,615.79. The firm has a market cap of $60.54 billion, a P/E ratio of 24.10, a PEG ratio of 1.86 and a beta of 0.71. The business’s 50-day moving average price is $3,358.39 and its 200 day moving average price is $3,226.46.

AutoZone (NYSE:AZO) last released its earnings results on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing analysts’ consensus estimates of $29.11 by ($0.82). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.98 billion. Sell-side analysts expect that AutoZone, Inc. will post 152.94 EPS for the current year.

AutoZone Company Profile

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.