Leonteq Securities AG Makes New Investment in AutoZone, Inc. $AZO

Leonteq Securities AG purchased a new position in shares of AutoZone, Inc. (NYSE:AZO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 172 shares of the company’s stock, valued at approximately $583,000.

A number of other institutional investors have also recently bought and sold shares of AZO. Covestor Ltd boosted its stake in shares of AutoZone by 5.5% in the 3rd quarter. Covestor Ltd now owns 58 shares of the company’s stock valued at $250,000 after purchasing an additional 3 shares in the last quarter. SYM FINANCIAL Corp boosted its stake in shares of AutoZone by 3.6% in the 3rd quarter. SYM FINANCIAL Corp now owns 86 shares of the company’s stock valued at $369,000 after purchasing an additional 3 shares in the last quarter. Camden National Bank boosted its stake in shares of AutoZone by 3.6% in the 3rd quarter. Camden National Bank now owns 86 shares of the company’s stock valued at $369,000 after purchasing an additional 3 shares in the last quarter. Crestwood Advisors Group LLC boosted its stake in shares of AutoZone by 1.7% in the 3rd quarter. Crestwood Advisors Group LLC now owns 184 shares of the company’s stock valued at $791,000 after purchasing an additional 3 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in shares of AutoZone by 1.4% in the 3rd quarter. Assetmark Inc. now owns 212 shares of the company’s stock valued at $908,000 after purchasing an additional 3 shares in the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on AZO shares. TD Cowen reduced their target price on shares of AutoZone from $4,400.00 to $4,250.00 and set a “buy” rating on the stock in a research note on Monday, March 16th. Barclays boosted their target price on shares of AutoZone from $3,800.00 to $3,900.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. UBS Group set a $4,800.00 target price on shares of AutoZone in a research note on Tuesday, March 3rd. Citigroup boosted their target price on shares of AutoZone from $4,200.00 to $4,300.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Finally, Truist Financial reduced their target price on shares of AutoZone from $4,076.00 to $4,045.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, AutoZone currently has an average rating of “Moderate Buy” and a consensus price target of $4,290.91.

AutoZone Stock Down 1.1%

Shares of NYSE AZO opened at $3,401.96 on Friday. The firm’s 50-day simple moving average is $3,461.57 and its 200 day simple moving average is $3,585.48. The company has a market cap of $56.06 billion, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 1.76 and a beta of 0.43. AutoZone, Inc. has a 12-month low of $3,210.72 and a 12-month high of $4,388.11.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported $27.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $27.59 by $0.04. The business had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.31 billion. AutoZone had a net margin of 12.47% and a negative return on equity of 72.31%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $28.29 EPS. On average, equities analysts expect that AutoZone, Inc. will post 149.13 earnings per share for the current year.

Insider Transactions at AutoZone

In related news, Director Earl G. Graves, Jr. sold 50 shares of the company’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $3,478.72, for a total transaction of $173,936.00. Following the transaction, the director owned 4,837 shares in the company, valued at $16,826,568.64. This represents a 1.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is currently owned by company insiders.

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.