Savoir Faire Capital Management L.P. Sells 209 Shares of AutoZone, Inc. (NYSE:AZO)

Savoir Faire Capital Management L.P. cut its stake in shares of AutoZone, Inc. (NYSE:AZO) by 12.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,525 shares of the company’s stock after selling 209 shares during the period. AutoZone comprises approximately 2.3% of Savoir Faire Capital Management L.P.’s investment portfolio, making the stock its 19th biggest position. Savoir Faire Capital Management L.P.’s holdings in AutoZone were worth $4,883,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of AZO. Public Sector Pension Investment Board raised its position in AutoZone by 15.6% in the third quarter. Public Sector Pension Investment Board now owns 743 shares of the company’s stock valued at $2,340,000 after purchasing an additional 100 shares during the last quarter. Centiva Capital LP bought a new position in AutoZone in the 3rd quarter valued at approximately $570,000. Janus Henderson Group PLC boosted its position in AutoZone by 5.2% during the 3rd quarter. Janus Henderson Group PLC now owns 13,257 shares of the company’s stock worth $41,767,000 after buying an additional 650 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in AutoZone by 4.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 180 shares of the company’s stock worth $567,000 after acquiring an additional 8 shares during the last quarter. Finally, Investment Management Corp of Ontario increased its position in AutoZone by 29.5% in the 3rd quarter. Investment Management Corp of Ontario now owns 877 shares of the company’s stock valued at $2,763,000 after acquiring an additional 200 shares during the period. 92.74% of the stock is currently owned by institutional investors.

Insider Activity at AutoZone

In other news, CEO Philip B. Daniele sold 2,000 shares of the stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $3,800.01, for a total value of $7,600,020.00. Following the completion of the sale, the chief executive officer now owns 163 shares in the company, valued at $619,401.63. This represents a 92.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Bailey L. Childress sold 160 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the transaction, the senior vice president now owns 50 shares in the company, valued at approximately $177,500. This trade represents a 76.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,721 shares of company stock valued at $24,609,331. 2.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on AZO shares. Raymond James reissued a “strong-buy” rating on shares of AutoZone in a research note on Wednesday, March 5th. Guggenheim increased their price target on AutoZone from $3,750.00 to $3,850.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. TD Cowen lifted their price objective on AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Roth Capital set a $3,763.00 target price on shares of AutoZone in a research report on Wednesday, March 5th. Finally, Wedbush restated an “outperform” rating and issued a $3,700.00 price target on shares of AutoZone in a research report on Wednesday, March 5th. Five equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and four have given a strong buy rating to the company. According to MarketBeat, AutoZone presently has an average rating of “Moderate Buy” and an average target price of $3,724.00.

AutoZone Stock Up 0.4 %

Shares of AZO opened at $3,825.79 on Friday. The business’s fifty day moving average is $3,524.84 and its 200 day moving average is $3,297.98. AutoZone, Inc. has a 12-month low of $2,728.97 and a 12-month high of $3,916.81. The stock has a market cap of $64.20 billion, a P/E ratio of 25.56, a P/E/G ratio of 1.86 and a beta of 0.54.

AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, March 4th. The company reported $28.29 earnings per share for the quarter, missing analysts’ consensus estimates of $29.11 by ($0.82). The business 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%. On average, analysts expect that AutoZone, Inc. will post 152.94 EPS for the current year.

AutoZone 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.