AutoZone, Inc. (NYSE:AZO) Shares Acquired by Pathstone Holdings LLC

Pathstone Holdings LLC raised its stake in AutoZone, Inc. (NYSE:AZO - Free Report) by 4.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,762 shares of the company's stock after acquiring an additional 165 shares during the period. Pathstone Holdings LLC's holdings in AutoZone were worth $11,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of AZO. Edgestream Partners L.P. boosted its stake in AutoZone by 12.2% in the first quarter. Edgestream Partners L.P. now owns 212 shares of the company's stock valued at $668,000 after acquiring an additional 23 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of AutoZone by 46.8% in the first quarter. Advisors Asset Management Inc. now owns 505 shares of the company's stock valued at $1,592,000 after buying an additional 161 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of AutoZone by 11.9% in the first quarter. Canada Pension Plan Investment Board now owns 79,413 shares of the company's stock valued at $250,282,000 after buying an additional 8,459 shares during the last quarter. Gabelli Funds LLC raised its holdings in shares of AutoZone by 13.3% in the first quarter. Gabelli Funds LLC now owns 1,700 shares of the company's stock valued at $5,358,000 after buying an additional 200 shares during the last quarter. Finally, Quadrature Capital Ltd raised its holdings in shares of AutoZone by 546.4% in the first quarter. Quadrature Capital Ltd now owns 47,673 shares of the company's stock valued at $150,269,000 after buying an additional 40,298 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AZO. Redburn Atlantic raised shares of AutoZone to a "strong-buy" rating in a report on Tuesday, October 1st. Morgan Stanley increased their price target on shares of AutoZone from $3,038.00 to $3,125.00 and gave the stock an "overweight" rating in a report on Wednesday, September 25th. DA Davidson reissued a "neutral" rating and set a $3,025.00 price target on shares of AutoZone in a report on Monday, September 30th. Guggenheim increased their price target on shares of AutoZone from $3,225.00 to $3,350.00 and gave the stock a "buy" rating in a report on Wednesday, September 25th. Finally, StockNews.com cut shares of AutoZone from a "buy" rating to a "hold" rating in a report on Saturday, September 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $3,202.71.

AutoZone Price Performance

AutoZone stock opened at $3,049.58 on Thursday. AutoZone, Inc. has a 12-month low of $2,510.00 and a 12-month high of $3,256.37. The company has a market capitalization of $51.54 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 1.57 and a beta of 0.71. The firm's fifty day moving average price is $3,112.05 and its 200 day moving average price is $3,027.79.

AutoZone (NYSE:AZO - Get Free Report) last released its quarterly earnings results on Tuesday, September 24th. The company reported $48.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $53.31 by ($5.20). AutoZone had a negative return on equity of 52.99% and a net margin of 14.40%. The firm had revenue of $6.21 billion for the quarter, compared to analysts' expectations of $6.25 billion. During the same period last year, the firm earned $46.46 EPS. The business's quarterly revenue was up 9.0% on a year-over-year basis. Analysts forecast that AutoZone, Inc. will post 158.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In other AutoZone news, Chairman William C. Rhodes III sold 300 shares of the firm's stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $3,075.20, for a total transaction of $922,560.00. Following the completion of the transaction, the chairman now directly owns 13,857 shares of the company's stock, valued at $42,613,046.40. This trade represents a 2.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John Scott Murphy sold 1,580 shares of the firm's stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $3,107.69, for a total transaction of $4,910,150.20. Following the transaction, the vice president now directly owns 1,218 shares of the company's stock, valued at approximately $3,785,166.42. This represents a 56.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,880 shares of company stock valued at $46,225,660 in the last quarter. Company insiders own 2.10% of the company's stock.

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.