Pathstone Holdings LLC Has $12.79 Million Holdings in AutoZone, Inc. (NYSE:AZO)

Pathstone Holdings LLC raised its position in AutoZone, Inc. (NYSE:AZO) by 6.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,994 shares of the company’s stock after buying an additional 232 shares during the period. Pathstone Holdings LLC’s holdings in AutoZone were worth $12,789,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in AutoZone in the fourth quarter valued at about $29,000. Flagship Wealth Advisors LLC bought a new position in shares of AutoZone in the fourth quarter worth about $32,000. Harbour Investments Inc. raised its stake in shares of AutoZone by 42.9% in the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock worth $32,000 after acquiring an additional 3 shares during the last quarter. Minot DeBlois Advisors LLC bought a new position in shares of AutoZone in the fourth quarter worth about $45,000. Finally, Itau Unibanco Holding S.A. raised its stake in shares of AutoZone by 750.0% in the fourth quarter. Itau Unibanco Holding S.A. now owns 17 shares of the company’s stock worth $54,000 after acquiring an additional 15 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Bailey L. Childress sold 160 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total value of $568,000.00. Following the sale, the senior vice president now directly owns 50 shares in the company, valued at $177,500. The trade was a 76.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Domingo Hurtado sold 4,800 shares of the business’s stock in a transaction dated Tuesday, April 22nd. The shares were sold at an average price of $3,660.00, for a total value of $17,568,000.00. Following the completion of the sale, the vice president now owns 159 shares in the company, valued at approximately $581,940. This trade represents a 96.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,521 shares of company stock worth $42,177,331 over the last three months. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

AZO has been the subject of a number of research analyst reports. Roth Capital set a $3,763.00 target price on shares of AutoZone in a research note on Wednesday, March 5th. Bank of America boosted their target price on shares of AutoZone from $3,600.00 to $3,700.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 5th. The Goldman Sachs Group raised shares of AutoZone from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $3,044.00 to $3,811.00 in a research note on Tuesday, April 1st. DA Davidson raised shares of AutoZone from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $3,500.00 to $4,192.00 in a research note on Friday, March 21st. Finally, Truist Financial boosted their price target on shares of AutoZone from $3,841.00 to $3,995.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Three investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $3,821.91.

AutoZone Stock Performance

Shares of NYSE:AZO opened at $3,755.01 on Friday. The company has a 50 day moving average price of $3,654.01 and a two-hundred day moving average price of $3,412.84. AutoZone, Inc. has a 52 week low of $2,728.97 and a 52 week high of $3,916.81. The company has a market capitalization of $63.02 billion, a PE ratio of 25.09, a PEG ratio of 1.86 and a beta of 0.44.

AutoZone (NYSE:AZO) last announced its earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share for the quarter, missing analysts’ consensus estimates of $29.11 by ($0.82). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The company had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.98 billion. On average, sell-side analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current year.

AutoZone Company Profile

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.