Fintel reports that on October 5, 2023, Truist Securities maintained coverage of Autozone (NYSE:AZO) with a Buy recommendation.
Analyst Price Forecast Suggests 16.59% Upside
As of October 5, 2023, the average one-year price target for Autozone is 2,911.99. The forecasts range from a low of 2,525.00 to a high of $3,375.75. The average price target represents an increase of 16.59% from its latest reported closing price of 2,497.60.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Autozone is 18,290MM, an increase of 4.77%. The projected annual non-GAAP EPS is 145.09.
What is the Fund Sentiment?
There are 1940 funds or institutions reporting positions in Autozone. This is a decrease of 2 owner(s) or 0.10% in the last quarter. Average portfolio weight of all funds dedicated to AZO is 0.43%, a decrease of 7.66%. Total shares owned by institutions decreased in the last three months by 8.47% to 18,561K shares. 
The put/call ratio of AZO is 1.02, indicating a bearish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 923K shares representing 5.17% ownership of the company. In it's prior filing, the firm reported owning 1,090K shares, representing a decrease of 18.09%. The firm increased its portfolio allocation in AZO by 510.18% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 573K shares representing 3.21% ownership of the company. In it's prior filing, the firm reported owning 581K shares, representing a decrease of 1.33%. The firm decreased its portfolio allocation in AZO by 7.64% over the last quarter.
Fiera Capital holds 550K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 575K shares, representing a decrease of 4.60%. The firm decreased its portfolio allocation in AZO by 8.91% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 438K shares representing 2.45% ownership of the company. In it's prior filing, the firm reported owning 438K shares, representing an increase of 0.03%. The firm decreased its portfolio allocation in AZO by 8.11% over the last quarter.
Boston Partners holds 437K shares representing 2.45% ownership of the company. In it's prior filing, the firm reported owning 525K shares, representing a decrease of 20.05%. The firm increased its portfolio allocation in AZO by 111.73% 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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