AutoZone (NYSE:AZO) Price Target Lowered to $3,400.00 at Robert W. Baird

by · The Cerbat Gem

AutoZone (NYSE:AZO – Get Free Report) had its price objective decreased by Robert W. Baird from $3,600.00 to $3,400.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s target price would indicate a potential upside of 17.61% from the company’s current price.

AZO has been the topic of a number of other reports. Wells Fargo & Company cut their price target on AutoZone from $4,150.00 to $3,500.00 and set an “overweight” rating on the stock in a report on Thursday, September 10th. JPMorgan Chase & Co. decreased their price objective on AutoZone from $4,300.00 to $3,850.00 and set an “overweight” rating for the company in a research note on Wednesday, May 27th. The Goldman Sachs Group dropped their price objective on AutoZone from $4,345.00 to $4,096.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. TD Cowen reiterated a “buy” rating on shares of AutoZone in a research note on Wednesday. Finally, Mizuho reduced their target price on shares of AutoZone from $3,600.00 to $3,200.00 and set a “neutral” rating for the company in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $3,858.96.

Check Out Our Latest Report on AutoZone

AutoZone Stock Up 3.1%

Shares of AZO stock opened at $2,891.00 on Wednesday. The firm has a market cap of $47.21 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 1.41 and a beta of 0.34. The company’s 50 day moving average is $2,986.72 and its 200 day moving average is $3,205.00. AutoZone has a 52-week low of $2,796.85 and a 52-week high of $4,332.68.

AutoZone (NYSE:AZO – Get Free Report) last issued its quarterly earnings data on Tuesday, September 22nd. The company reported $56.05 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $55.51. The company had revenue of $6.59 billion during the quarter, compared to the consensus estimate of $6.70 billion. AutoZone had a net margin of 12.40% and a negative return on equity of 80.35%. AutoZone’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $48.71 earnings per share. Analysts anticipate that AutoZone will post 150.61 EPS for the current fiscal year.

AutoZone declared that its Board of Directors has initiated a share repurchase program on Tuesday, June 16th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Insider Activity at AutoZone

In other news, VP Dennis LeRiche sold 1,455 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $3,100.00, for a total value of $4,510,500.00. Following the completion of the sale, the vice president owned 441 shares of the company’s stock, valued at $1,367,100. This trade represents a 76.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in AutoZone during the 2nd quarter valued at approximately $3,938,566,000. Norges Bank acquired a new stake in shares of AutoZone during the fourth quarter worth $939,205,000. First Manhattan CO. LLC. grew its holdings in shares of AutoZone by 2.7% during the fourth quarter. First Manhattan CO. LLC. now owns 261,314 shares of the company’s stock valued at $886,246,000 after buying an additional 6,765 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of AutoZone during the second quarter valued at $572,885,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of AutoZone by 11,577.6% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 141,066 shares of the company’s stock valued at $450,838,000 after acquiring an additional 139,858 shares during the period. 92.74% of the stock is owned by institutional investors and hedge funds.

AutoZone News Summary

Here are the key news stories impacting AutoZone this week:

  • Positive Sentiment: Profit significantly exceeded expectations: AutoZone reported fiscal fourth-quarter diluted EPS of $56.05, up from $48.71 a year earlier and above analyst estimates of roughly $54.50. Net income rose to $931.6 million, while operating profit increased 10.1% to approximately $1.3 billion. AutoZone fourth-quarter results
  • Positive Sentiment: Expansion and market-share gains support the outlook: Quarterly sales increased 5.6% to $6.59 billion, AutoZone opened 175 stores, and management said it is well positioned for fiscal 2027 sales growth. International same-store sales were particularly strong, and analysts highlighted the company’s expanding global store network as a source of future growth. Why AutoZone stock rallied
  • Positive Sentiment: Margin gains and capital returns helped investor sentiment: Gross margin improved to 53.3%, aided by tariff refunds and a favorable LIFO comparison. AutoZone also repurchased about $697.5 million of stock during the quarter, supporting per-share earnings.
  • Neutral Sentiment: Revenue and comparable-store growth were mixed: Quarterly revenue fell short of forecasts, while domestic same-store sales rose only 1.6% on a constant-currency basis. The earnings beat therefore depended partly on margin benefits that may not recur.
  • Negative Sentiment: Analyst downgrade remains an overhang: AutoZone reached a new 12-month low following an analyst downgrade before the earnings-driven rebound, reflecting concerns about slowing comparable sales and the sustainability of recent earnings growth. AutoZone reaches new 12-month low

About AutoZone

(Get Free Report)

AutoZone, Inc is a retailer and distributor of automotive replacement parts, accessories, and maintenance products. The company serves do-it-yourself customers, professional service technicians, and commercial repair businesses through its stores, distribution network, and online platform.

Its product offerings include replacement parts such as batteries, brakes, engine components, and ignition products, along with tools, fluids, filters, and other automotive accessories. AutoZone also provides services such as parts lookup, diagnostic assistance, battery testing and charging, and loaner tools for eligible repairs.

Founded in 1979 and headquartered in Memphis, Tennessee, AutoZone operates primarily in the United States, with additional locations in Mexico and Brazil.

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