387 Shares in AutoZone, Inc. (NYSE:AZO) Acquired by Pacific Point Advisors LLC

Pacific Point Advisors LLC bought a new position in AutoZone, Inc. (NYSE:AZO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 387 shares of the company's stock, valued at approximately $1,339,000. AutoZone makes up about 0.8% of Pacific Point Advisors LLC's portfolio, making the stock its 28th biggest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AZO. Pittenger & Anderson Inc. boosted its stake in AutoZone by 5.2% in the 4th quarter. Pittenger & Anderson Inc. now owns 61 shares of the company's stock worth $195,000 after purchasing an additional 3 shares during the period. Sound View Wealth Advisors Group LLC boosted its position in shares of AutoZone by 2.0% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 152 shares of the company's stock valued at $487,000 after acquiring an additional 3 shares during the last quarter. PDS Planning Inc boosted its position in shares of AutoZone by 2.3% during the 4th quarter. PDS Planning Inc now owns 132 shares of the company's stock valued at $423,000 after acquiring an additional 3 shares during the last quarter. Harbour Investments Inc. boosted its position in shares of AutoZone by 42.9% during the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company's stock valued at $32,000 after acquiring an additional 3 shares during the last quarter. Finally, Meeder Advisory Services Inc. boosted its position in shares of AutoZone by 0.8% during the 4th quarter. Meeder Advisory Services Inc. now owns 371 shares of the company's stock valued at $1,188,000 after acquiring an additional 3 shares during the last quarter. 92.74% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at AutoZone

In other AutoZone news, VP Dennis W. Leriche sold 1,575 shares of the company's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $3,600.00, for a total value of $5,670,000.00. Following the completion of the sale, the vice president now directly owns 417 shares in the company, valued at $1,501,200. This represents a 79.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Bailey L. Childress sold 160 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $3,550.00, for a total value of $568,000.00. Following the completion of the sale, the senior vice president now owns 50 shares of the company's stock, valued at approximately $177,500. The trade was a 76.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,521 shares of company stock valued at $42,177,331. 2.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently commented on AZO. Raymond James reiterated a "strong-buy" rating on shares of AutoZone in a research report on Wednesday, March 5th. The Goldman Sachs Group upgraded AutoZone from a "sell" rating to a "neutral" rating and increased their price target for the company from $3,044.00 to $3,811.00 in a report on Tuesday, April 1st. Wall Street Zen upgraded AutoZone from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Roth Capital set a $3,763.00 target price on AutoZone in a research note on Wednesday, March 5th. Finally, Evercore ISI set a $3,950.00 target price on AutoZone in a research note on Monday. Two research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $3,942.00.

AutoZone Price Performance

AutoZone stock opened at $3,858.79 on Friday. The stock has a market capitalization of $64.76 billion, a PE ratio of 25.78, a price-to-earnings-growth ratio of 1.86 and a beta of 0.44. AutoZone, Inc. has a 12 month low of $2,728.97 and a 12 month high of $3,916.81. The business has a 50 day simple moving average of $3,682.93 and a 200-day simple moving average of $3,441.47.

AutoZone (NYSE:AZO - Get Free Report) last posted its quarterly earnings data on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing the consensus estimate of $29.11 by ($0.82). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.98 billion. On average, equities research analysts anticipate that AutoZone, Inc. will post 152.94 EPS for the current fiscal 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.

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