Hsbc Holdings PLC Lowers Position in AutoZone, Inc. $AZO

Hsbc Holdings PLC lessened its stake in AutoZone, Inc. (NYSE:AZO) by 25.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,961 shares of the company’s stock after selling 13,048 shares during the quarter. Hsbc Holdings PLC’s holdings in AutoZone were worth $128,767,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Pure Financial Advisors LLC grew its stake in shares of AutoZone by 2.4% in the 4th quarter. Pure Financial Advisors LLC now owns 127 shares of the company’s stock worth $430,000 after acquiring an additional 3 shares in the last quarter. Stenger Family Office LLC lifted its position in shares of AutoZone by 15.9% during the fourth quarter. Stenger Family Office LLC now owns 779 shares of the company’s stock valued at $2,642,000 after purchasing an additional 107 shares in the last quarter. S Harris Financial Group LLC bought a new position in shares of AutoZone during the fourth quarter valued at about $298,000. Reflection Asset Management purchased a new position in AutoZone during the fourth quarter worth about $68,000. Finally, Sankala Group LLC purchased a new position in AutoZone during the fourth quarter worth about $627,000. Institutional investors own 92.74% of the company’s stock.

More AutoZone News

Here are the key news stories impacting AutoZone this week:

• Positive Sentiment: Zacks Research lifted AutoZone’s FY2026 EPS estimate to $151.37 from $150.59, slightly above the current consensus, suggesting steady near-term earnings strength.
• Positive Sentiment: The firm also raised FY2027 EPS to $174.73, Q4 2027 EPS to $61.70, and FY2028 EPS to $197.32, pointing to continued long-term earnings growth.
• Positive Sentiment: Several quarterly estimates were increased, including Q1 2027, Q4 2026, Q1 2028, Q2 2028, and Q3 2028, reinforcing the view that analysts see AutoZone delivering stronger-than-expected results over time.
• Neutral Sentiment: Despite the optimistic estimate revisions, the stock remains well below its 52-week high, so investor sentiment may still be tempered by valuation and broader market positioning.
• Negative Sentiment: Zacks also trimmed one estimate — Q2 2027 EPS was lowered to $32.61 from $32.78 — which is a small offset to the otherwise positive revisions.

Insiders Place Their Bets

In other news, Director Brian Hannasch purchased 165 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was bought at an average price of $2,987.00 per share, for a total transaction of $492,855.00. Following the purchase, the director owned 1,219 shares of the company’s stock, valued at $3,641,153. The trade was a 15.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Earl G. Graves, Jr. sold 50 shares of AutoZone stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $3,478.72, for a total value of $173,936.00. Following the completion of the sale, the director directly owned 4,837 shares of the company’s stock, valued at approximately $16,826,568.64. This trade represents a 1.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.60% of the company’s stock.

AutoZone Stock Down 0.0%

AZO opened at $3,064.22 on Monday. AutoZone, Inc. has a twelve month low of $2,928.11 and a twelve month high of $4,388.11. The company’s 50-day moving average price is $3,333.73 and its two-hundred day moving average price is $3,481.20. The stock has a market cap of $50.04 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 1.55 and a beta of 0.35.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, May 26th. The company reported $38.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $36.22 by $1.85. The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.86 billion. AutoZone had a net margin of 12.40% and a negative return on equity of 80.35%. AutoZone’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $35.36 EPS. As a group, sell-side analysts anticipate that AutoZone, Inc. will post 150.51 earnings per share for the current year.

AutoZone declared that its board has authorized a stock repurchase program on Tuesday, June 16th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the company to buy up to 3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AZO shares. Barclays increased their price objective on shares of AutoZone from $3,800.00 to $3,900.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Mizuho reduced their target price on AutoZone from $3,600.00 to $3,200.00 and set a “neutral” rating for the company in a report on Wednesday, May 27th. JPMorgan Chase & Co. reduced their target price on AutoZone from $4,300.00 to $3,850.00 and set an “overweight” rating for the company in a report on Wednesday, May 27th. Truist Financial set a $3,700.00 price target on AutoZone in a research report on Wednesday, May 27th. Finally, BMO Capital Markets dropped their price target on AutoZone from $4,300.00 to $4,000.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, AutoZone currently has an average rating of “Moderate Buy” and an average price target of $4,040.87.

About AutoZone

AutoZone, Inc (NYSE: AZO) is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.

AutoZone serves both do‑it‑yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.