Isthmus Partners LLC Has $15.49 Million Stock Holdings in AutoZone, Inc. (NYSE:AZO)

Isthmus Partners LLC decreased its stake in shares of AutoZone, Inc. (NYSE:AZO) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,839 shares of the company’s stock after selling 48 shares during the period. AutoZone comprises about 1.9% of Isthmus Partners LLC’s investment portfolio, making the stock its 9th biggest holding. Isthmus Partners LLC’s holdings in AutoZone were worth $15,494,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in shares of AutoZone during the third quarter worth $36,000. Darwin Wealth Management LLC bought a new stake in shares of AutoZone during the 3rd quarter valued at about $47,000. Crews Bank & Trust acquired a new stake in AutoZone during the fourth quarter worth about $61,000. McIlrath & Eck LLC lifted its holdings in AutoZone by 25.0% in the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after acquiring an additional 4 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in AutoZone in the third quarter valued at approximately $66,000. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AZO has been the topic of a number of research reports. Wedbush reiterated an “outperform” rating and set a $3,700.00 price target on shares of AutoZone in a research report on Wednesday, March 5th. Truist Financial raised their target price on AutoZone from $3,753.00 to $3,841.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Citigroup upped their price target on shares of AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Guggenheim lifted their price objective on shares of AutoZone from $3,750.00 to $3,850.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Finally, BMO Capital Markets boosted their target price on shares of AutoZone from $3,700.00 to $3,850.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and four have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $3,646.62.

AutoZone Price Performance

Shares of AZO opened at $3,620.28 on Monday. AutoZone, Inc. has a 12-month low of $2,728.97 and a 12-month high of $3,636.96. The stock has a market capitalization of $60.76 billion, a P/E ratio of 24.19, a P/E/G ratio of 1.86 and a beta of 0.71. The firm’s 50 day moving average is $3,365.96 and its 200-day moving average is $3,230.04.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $29.11 by ($0.82). The company had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.98 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. As a group, equities research analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Insider Transactions at AutoZone

In related news, SVP Bailey L. Childress sold 160 shares of AutoZone 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 transaction, the senior vice president now owns 50 shares of the company’s stock, valued at approximately $177,500. This trade represents a 76.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.10% of the stock is owned by insiders.

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.