AutoZone (NYSE:AZO) Shares 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 Trading Down 1.2 %

AZO opened at $3,366.15 on Friday. AutoZone, Inc. has a 12-month low of $2,708.09 and a 12-month high of $3,484.42. The business’s fifty day simple moving average is $3,321.62 and its 200-day simple moving average is $3,206.92. The company has a market capitalization of $56.48 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 1.88 and a beta of 0.70.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 earnings per share 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 company had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the previous year, the business earned $32.55 EPS. AutoZone’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities research analysts predict that AutoZone, Inc. will post 152.94 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Citigroup raised their price objective on AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. BMO Capital Markets assumed coverage on AutoZone in a research report on Friday, December 13th. They set an “outperform” rating and a $3,700.00 price objective on the stock. Barclays raised their price objective on AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. TD Cowen raised their price objective on AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, Wells Fargo & Company increased their price target on AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $3,429.84.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Headlands Technologies LLC purchased a new position in shares of AutoZone in the fourth quarter worth about $29,000. Flagship Wealth Advisors LLC purchased a new position in AutoZone during the fourth quarter valued at approximately $32,000. Harbour Investments Inc. raised its position in AutoZone by 42.9% during the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock valued at $32,000 after acquiring an additional 3 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in AutoZone during the third quarter valued at approximately $36,000. Finally, Minot DeBlois Advisors LLC purchased a new position in AutoZone during the fourth quarter valued at approximately $45,000. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

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.