Marshfield Associates Has $545.24 Million Holdings in AutoZone, Inc. (NYSE:AZO)

Marshfield Associates grew its stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,280 shares of the company's stock after acquiring an additional 694 shares during the period. AutoZone comprises approximately 11.8% of Marshfield Associates' holdings, making the stock its 2nd biggest position. Marshfield Associates owned 1.01% of AutoZone worth $545,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Headlands Technologies LLC bought a new stake in shares of AutoZone during the fourth quarter valued at approximately $29,000. Flagship Wealth Advisors LLC bought a new stake in AutoZone during the 4th quarter valued at $32,000. Harbour Investments Inc. boosted its position in AutoZone by 42.9% during the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company's stock worth $32,000 after acquiring an additional 3 shares during the period. Crews Bank & Trust acquired a new position in shares of AutoZone during the fourth quarter valued at $61,000. Finally, McIlrath & Eck LLC raised its stake in shares of AutoZone by 25.0% during the third quarter. McIlrath & Eck LLC now owns 20 shares of the company's stock valued at $63,000 after purchasing an additional 4 shares in the last quarter. Institutional investors own 92.74% of the company's stock.

Insider Buying and Selling

In related news, CEO Philip B. Daniele sold 2,000 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $3,800.01, for a total transaction of $7,600,020.00. Following the completion of the transaction, the chief executive officer now owns 163 shares of the company's stock, valued at approximately $619,401.63. The trade was a 92.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Domingo Hurtado sold 4,800 shares of the firm's stock in a transaction that occurred on 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 directly owns 159 shares in the company, valued at $581,940. This trade represents a 96.79 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,521 shares of company stock worth $42,177,331. 2.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AZO. Raymond James reaffirmed a "strong-buy" rating on shares of AutoZone in a research note on Wednesday, March 5th. Wells Fargo & Company raised their target price on shares of AutoZone from $3,750.00 to $3,850.00 and gave the stock an "overweight" rating in a report on Wednesday, March 5th. Roth Mkm increased their price objective on AutoZone from $3,634.00 to $3,763.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Truist Financial lifted their target price on AutoZone from $3,753.00 to $3,841.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Finally, Wedbush reiterated an "outperform" rating and issued a $3,700.00 price target on shares of AutoZone in a research report on Wednesday, March 5th. Four equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, AutoZone presently has an average rating of "Buy" and an average price target of $3,724.00.

AutoZone Trading Down 0.8 %

NYSE AZO traded down $29.35 during trading on Thursday, reaching $3,733.25. The company's stock had a trading volume of 100,831 shares, compared to its average volume of 131,981. The business has a 50-day moving average price of $3,609.63 and a 200-day moving average price of $3,370.89. AutoZone, Inc. has a 1-year low of $2,728.97 and a 1-year high of $3,916.81. The stock has a market capitalization of $62.65 billion, a PE ratio of 24.94, a PEG ratio of 1.86 and a beta of 0.54.

AutoZone (NYSE:AZO - Get Free Report) last issued its quarterly earnings data on Tuesday, March 4th. The company reported $28.29 earnings per share (EPS) 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 business had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.98 billion. As a group, analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current year.

About AutoZone

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.