Nykredit A S Acquires New Stake in AutoZone, Inc. $AZO

Nykredit A S recently acquired a new stake in AutoZone, purchasing 8,538 shares valued at approximately $27.3 million, contributing to institutional investors owning 92.74% of the company. Despite some analysts lowering price targets, the consensus remains a "Moderate Buy" with a target of $3,913.62. AutoZone has also authorized a $1.5 billion share buyback, though the stock faces near-term uncertainty from high fuel prices and an upcoming earnings report.