OLD National Bancorp IN Has $1.94 Million Stock Holdings in AutoZone, Inc. (NYSE:AZO)

OLD National Bancorp IN decreased its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 8.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 606 shares of the company’s stock after selling 55 shares during the quarter. OLD National Bancorp IN’s holdings in AutoZone were worth $1,940,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Petredis Investment Advisors LLC increased its position in AutoZone by 0.6% during the 3rd quarter. Petredis Investment Advisors LLC now owns 710 shares of the company’s stock worth $2,237,000 after buying an additional 4 shares during the period. IVC Wealth Advisors LLC increased its position in AutoZone by 4.4% during the 3rd quarter. IVC Wealth Advisors LLC now owns 95 shares of the company’s stock worth $299,000 after buying an additional 4 shares during the period. Allworth Financial LP increased its position in AutoZone by 5.0% during the 3rd quarter. Allworth Financial LP now owns 84 shares of the company’s stock worth $265,000 after buying an additional 4 shares during the period. Axxcess Wealth Management LLC increased its position in AutoZone by 1.5% during the 3rd quarter. Axxcess Wealth Management LLC now owns 267 shares of the company’s stock worth $841,000 after buying an additional 4 shares during the period. Finally, Moors & Cabot Inc. increased its position in AutoZone by 4.2% during the 3rd quarter. Moors & Cabot Inc. now owns 99 shares of the company’s stock worth $312,000 after buying an additional 4 shares during the period. Institutional investors own 92.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AZO. TD Cowen increased their price objective on AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Mizuho lifted their price target on AutoZone from $3,350.00 to $3,600.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Evercore ISI lifted their price target on AutoZone from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Guggenheim lifted their price target on AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, Truist Financial lifted their price target on AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, AutoZone presently has an average rating of “Moderate Buy” and an average price target of $3,429.84.

AutoZone Stock Performance

Shares of AZO stock opened at $3,355.54 on Friday. The company has a market cap of $56.31 billion, a P/E ratio of 22.42, a PEG ratio of 1.84 and a beta of 0.71. The stock has a 50 day simple moving average of $3,252.46 and a two-hundred day simple moving average of $3,160.68. AutoZone, Inc. has a fifty-two week low of $2,672.31 and a fifty-two week high of $3,437.63.

AutoZone (NYSE:AZO) last issued its earnings results 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). The business had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.30 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $32.55 earnings per share. On average, research analysts predict that AutoZone, Inc. will post 152.94 earnings per share 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.