Fintel reports that on March 21, 2025, DA Davidson upgraded their outlook for AutoZone (NYSE:AZO) from Neutral to Buy.
Analyst Price Forecast Suggests 5.70% Upside
As of March 19, 2025, the average one-year price target for AutoZone is $3,815.07/share. The forecasts range from a low of $2,780.44 to a high of $4,305.00. The average price target represents an increase of 5.70% from its latest reported closing price of $3,609.46 / share.
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The projected annual revenue for AutoZone is 19,244MM, an increase of 3.06%. The projected annual non-GAAP EPS is 160.82.
What is the Fund Sentiment?
There are 2,033 funds or institutions reporting positions in AutoZone. This is an increase of 16 owner(s) or 0.79% in the last quarter. Average portfolio weight of all funds dedicated to AZO is 0.41%, an increase of 1.04%. Total shares owned by institutions increased in the last three months by 4.88% to 18,289K shares. 
The put/call ratio of AZO is 1.17, indicating a bearish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 874K shares representing 5.22% ownership of the company. In its prior filing, the firm reported owning 1,361K shares , representing a decrease of 55.69%. The firm decreased its portfolio allocation in AZO by 36.02% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 530K shares representing 3.16% ownership of the company. In its prior filing, the firm reported owning 542K shares , representing a decrease of 2.23%. The firm decreased its portfolio allocation in AZO by 2.02% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 458K shares representing 2.73% ownership of the company. In its prior filing, the firm reported owning 447K shares , representing an increase of 2.29%. The firm decreased its portfolio allocation in AZO by 1.58% over the last quarter.
Geode Capital Management holds 422K shares representing 2.52% ownership of the company. In its prior filing, the firm reported owning 422K shares , representing an increase of 0.09%. The firm decreased its portfolio allocation in AZO by 2.48% over the last quarter.
Fiera Capital holds 406K shares representing 2.42% ownership of the company. In its prior filing, the firm reported owning 423K shares , representing a decrease of 4.19%. The firm increased its portfolio allocation in AZO by 2.15% over the last quarter.
Autozone Background Information
(This description is provided by the company.)
AutoZone is the leading retailer and a leading distributor of automotive replacement parts and accessories in the Americas. Each AutoZone store carries an extensive product line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. Many stores also have a commercial sales program that provides commercial credit and prompt delivery of parts and other products to local, regional and national repair garages, dealers, service stations and public sector accounts.
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This story originally appeared on Fintel.
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