Fidelis Capital Partners LLC Increases Stake in AutoZone, Inc. (NYSE:AZO)

Fidelis Capital Partners LLC lifted its stake in AutoZone, Inc. (NYSE:AZO) by 17.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 196 shares of the company’s stock after buying an additional 29 shares during the quarter. Fidelis Capital Partners LLC’s holdings in AutoZone were worth $673,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its stake in AutoZone by 29.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 75 shares of the company’s stock worth $236,000 after purchasing an additional 17 shares in the last quarter. Conning Inc. increased its holdings in shares of AutoZone by 127.6% in the third quarter. Conning Inc. now owns 223 shares of the company’s stock worth $702,000 after purchasing an additional 125 shares during the last quarter. KG&L Capital Management LLC lifted its position in shares of AutoZone by 9.9% in the third quarter. KG&L Capital Management LLC now owns 233 shares of the company’s stock worth $734,000 after buying an additional 21 shares in the last quarter. Citizens National Bank Trust Department boosted its stake in AutoZone by 5.8% during the third quarter. Citizens National Bank Trust Department now owns 382 shares of the company’s stock valued at $1,203,000 after buying an additional 21 shares during the last quarter. Finally, National Pension Service grew its holdings in AutoZone by 10.7% during the 3rd quarter. National Pension Service now owns 39,873 shares of the company’s stock valued at $125,602,000 after buying an additional 3,865 shares in the last quarter. Institutional investors own 92.74% of the company’s stock.

Wall Street Analyst Weigh In

AZO has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Citigroup upped their price target on shares of AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. BMO Capital Markets started coverage on shares of AutoZone in a research note on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 price objective for the company. Barclays upped their target price on shares of AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Finally, Mizuho lifted their price target on AutoZone from $3,350.00 to $3,600.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, AutoZone presently has a consensus rating of “Moderate Buy” and a consensus price target of $3,442.61.

AutoZone Trading Down 0.6 %

Shares of AZO opened at $3,471.00 on Tuesday. The firm has a fifty day moving average price of $3,341.31 and a 200-day moving average price of $3,219.44. The firm has a market capitalization of $58.25 billion, a P/E ratio of 23.19, a P/E/G ratio of 1.86 and a beta of 0.70. AutoZone, Inc. has a 12-month low of $2,728.97 and a 12-month high of $3,519.00.

AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $33.69 by ($1.17). The company had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. AutoZone’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm earned $32.55 earnings per share. Analysts predict that AutoZone, Inc. will post 152.94 earnings per share 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.