Pathstone Family Office LLC Has $3.02 Million Stock Holdings in AutoZone, Inc. (NYSE:AZO)

Pathstone Family Office LLC boosted its stake in shares of AutoZone, Inc. (NYSE:AZOFree Report) by 160.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,199 shares of the company’s stock after buying an additional 738 shares during the quarter. Pathstone Family Office LLC’s holdings in AutoZone were worth $3,018,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. RB Capital Management LLC bought a new position in AutoZone during the first quarter worth about $274,000. Fairfield Bush & CO. bought a new position in AutoZone during the first quarter worth about $57,000. Roundview Capital LLC boosted its position in AutoZone by 8.1% during the first quarter. Roundview Capital LLC now owns 426 shares of the company’s stock worth $871,000 after purchasing an additional 32 shares during the period. Cetera Advisor Networks LLC boosted its position in AutoZone by 31.7% during the first quarter. Cetera Advisor Networks LLC now owns 237 shares of the company’s stock worth $485,000 after purchasing an additional 57 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of AutoZone by 24.4% in the first quarter. Sei Investments Co. now owns 12,966 shares of the company’s stock worth $26,331,000 after buying an additional 2,545 shares in the last quarter. Institutional investors own 90.34% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AZO. StockNews.com downgraded shares of AutoZone from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. Wedbush reissued an “outperform” rating and issued a $2,750.00 price target on shares of AutoZone in a report on Wednesday, November 29th. Morgan Stanley increased their price target on shares of AutoZone from $2,750.00 to $2,900.00 and gave the stock an “overweight” rating in a report on Thursday, December 7th. Raymond James raised shares of AutoZone from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from $2,850.00 to $3,100.00 in a research note on Wednesday, December 6th. Finally, Barclays lifted their price target on shares of AutoZone from $2,742.00 to $2,800.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 6th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $2,858.35.

Get Our Latest Stock Report on AutoZone

AutoZone Trading Down 1.9 %

Shares of NYSE AZO opened at $2,680.21 on Friday. AutoZone, Inc. has a 12 month low of $2,277.88 and a 12 month high of $2,855.21. The firm has a market capitalization of $46.35 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 1.48 and a beta of 0.70. The firm has a fifty day simple moving average of $2,665.09 and a two-hundred day simple moving average of $2,585.60.

AutoZone (NYSE:AZOGet Free Report) last issued its quarterly earnings data on Tuesday, December 5th. The company reported $32.55 EPS for the quarter, topping the consensus estimate of $31.57 by $0.98. The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.19 billion. AutoZone had a net margin of 14.62% and a negative return on equity of 57.23%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $27.45 EPS. On average, sell-side analysts predict that AutoZone, Inc. will post 150.5 earnings per share for the current year.

Insider Buying and Selling

In related news, VP Charles Pleas III sold 3,000 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $2,717.36, for a total value of $8,152,080.00. Following the completion of the transaction, the vice president now directly owns 3,416 shares in the company, valued at approximately $9,282,501.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other AutoZone news, Director George R. Mrkonic, Jr. sold 414 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $2,541.85, for a total transaction of $1,052,325.90. Following the completion of the sale, the director now directly owns 3,470 shares in the company, valued at approximately $8,820,219.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Charles Pleas III sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $2,717.36, for a total transaction of $8,152,080.00. Following the sale, the vice president now owns 3,416 shares of the company’s stock, valued at $9,282,501.76. The disclosure for this sale can be found here. Insiders sold a total of 14,807 shares of company stock worth $38,827,861 in the last three months. 2.50% of the stock is owned by corporate insiders.

About AutoZone

(Free Report)

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.

See Also

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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