Isthmus Partners LLC Buys New Shares in AutoZone, Inc. $AZO

Isthmus Partners LLC bought a new stake in shares of AutoZone, Inc. (NYSE:AZO) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,419 shares of the company’s stock, valued at approximately $14,987,000. AutoZone comprises 1.7% of Isthmus Partners LLC’s investment portfolio, making the stock its 17th largest position.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Raleigh Capital Management Inc. acquired a new stake in AutoZone during the third quarter valued at approximately $26,000. Turning Point Benefit Group Inc. acquired a new stake in AutoZone during the third quarter valued at approximately $25,000. Global Trust Asset Management LLC lifted its stake in AutoZone by 600.0% during the third quarter. Global Trust Asset Management LLC now owns 7 shares of the company’s stock valued at $30,000 after purchasing an additional 6 shares during the last quarter. Torren Management LLC acquired a new stake in AutoZone during the fourth quarter valued at approximately $27,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in AutoZone during the third quarter valued at approximately $43,000. 92.74% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at AutoZone

In other AutoZone news, Director Earl G. Graves, Jr. sold 50 shares of the stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $3,478.72, for a total value of $173,936.00. Following the completion of the sale, the director owned 4,837 shares in the company, valued at $16,826,568.64. This represents a 1.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.60% of the stock is currently owned by insiders.

AutoZone Stock Performance

Shares of NYSE:AZO opened at $3,318.09 on Friday. The company has a market cap of $54.68 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 1.73 and a beta of 0.43. AutoZone, Inc. has a 52 week low of $3,210.72 and a 52 week high of $4,388.11. The firm has a 50 day simple moving average of $3,492.44 and a 200 day simple moving average of $3,597.74.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported $27.63 EPS for the quarter, beating the consensus estimate of $27.59 by $0.04. The business had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.31 billion. AutoZone had a net margin of 12.47% and a negative return on equity of 72.31%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $28.29 EPS. On average, equities analysts predict that AutoZone, Inc. will post 148.93 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on AZO. UBS Group set a $4,800.00 target price on shares of AutoZone in a research note on Tuesday, March 3rd. Citigroup increased their target price on shares of AutoZone from $4,200.00 to $4,300.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Roth Mkm cut their target price on shares of AutoZone from $4,650.00 to $4,526.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. Robert W. Baird downgraded shares of AutoZone from an “outperform” rating to a “neutral” rating and set a $3,900.00 price target for the company. in a research report on Monday, February 9th. Finally, Evercore upped their price target on shares of AutoZone from $4,100.00 to $4,125.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $4,312.13.

AutoZone Profile

AutoZone, Inc (NYSE: AZO) is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.

AutoZone serves both do‑it‑yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.