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

AutoZone (NYSE:AZO) had its price target cut by Robert W. Baird from $3,600.00 to $3,400.00 in a research report report published on Wednesday, MarketBeat reports. They currently have a neutral rating on the stock.

A number of other research firms have also recently commented on AZO. Weiss Ratings cut AutoZone from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 23rd. BMO Capital Markets lowered their target price on shares of AutoZone from $4,300.00 to $4,000.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 27th. Truist Financial set a $3,700.00 price objective on AutoZone in a research report on Wednesday, May 27th. The Goldman Sachs Group reduced their target price 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. Finally, Mizuho lowered their target price on AutoZone from $3,600.00 to $3,200.00 and set a “neutral” rating for the company in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $3,717.12.

AutoZone Stock Up 0.3%

Shares of AZO stock opened at $2,870.31 on Wednesday. AutoZone has a 52-week low of $2,764.88 and a 52-week high of $4,332.68. The stock has a market cap of $46.87 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 1.32 and a beta of 0.34. The business has a 50-day simple moving average of $2,976.93 and a 200-day simple moving average of $3,190.97.

AutoZone (NYSE:AZO) 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 business had revenue of $6.59 billion for the quarter, compared to analysts’ expectations of $6.70 billion. AutoZone had a net margin of 12.65% and a negative return on equity of 90.08%. The business’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company earned $48.71 EPS. Sell-side analysts anticipate that AutoZone will post 172.97 earnings per share for the current fiscal year.

AutoZone announced that its board has authorized a stock buyback plan on Tuesday, June 16th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Insider Transactions at AutoZone

In other AutoZone news, VP Dennis LeRiche sold 1,455 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $3,100.00, for a total value of $4,510,500.00. Following the sale, the vice president owned 441 shares of the company’s stock, valued at $1,367,100. This represents a 76.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MCF Advisors LLC boosted its holdings in shares of AutoZone by 50.0% during the fourth quarter. MCF Advisors LLC now owns 9 shares of the company’s stock worth $31,000 after purchasing an additional 3 shares during the last quarter. Bard Associates Inc. acquired a new position in shares of AutoZone during the fourth quarter worth about $31,000. Edmond DE Rothschild Holding S.A. acquired a new position in AutoZone during the 2nd quarter worth approximately $29,000. Asset Dedication LLC grew its holdings in AutoZone by 150.0% during the 1st quarter. Asset Dedication LLC now owns 10 shares of the company’s stock valued at $34,000 after purchasing an additional 6 shares in the last quarter. Finally, Tacita Capital Inc purchased a new position in AutoZone in the 2nd quarter valued at about $32,000. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

AutoZone News Summary

Here are the key news stories impacting AutoZone this week:

• Positive Sentiment: Strong earnings and free cash flow: AutoZone reported fiscal Q4 revenue of approximately $6.59 billion, up 5.6% year over year, while earnings exceeded expectations. Strong free-cash-flow margins and the company’s cash-generation profile are fueling the view that AZO shares may be undervalued. One analysis estimates roughly 28% upside based on forecasts, valuation multiples and analyst price targets. AutoZone Generates Strong Q4 Free Cash Flow – Is AZO Stock Too Cheap?
• Positive Sentiment: Jefferies maintains a Buy rating: The continued bullish stance reinforces investor confidence in AutoZone’s earnings resilience and long-term growth prospects. Jefferies Remains a Buy on AutoZone
• Positive Sentiment: Store expansion supports the investment narrative: Record fourth-quarter results alongside continued store growth suggest management is expanding AutoZone’s earnings base and may improve its longer-term growth outlook. Did Record Q4 Results and Store Expansion Just Shift AutoZone’s Investment Narrative?
• Neutral Sentiment: Mixed analyst actions: Goldman Sachs still rates AZO Buy and sees substantial potential upside, but reduced its target to $3,917 from $4,096. DA Davidson and Raymond James also cut their targets, while Roth Capital issued a more pessimistic forecast. These revisions temper the bullish reaction without changing the broader debate over valuation.
• Negative Sentiment: Revenue missed expectations: Although sales increased year over year, quarterly revenue came in below the roughly $6.70 billion consensus estimate. The shortfall and cautious target revisions could limit upside if investors begin to question the pace of growth.

About AutoZone

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.