Fidelis Capital Partners LLC Purchases 15 Shares of AutoZone, Inc. (NYSE:AZO)

Fidelis Capital Partners LLC raised its position in shares of AutoZone, Inc. (NYSE:AZO) by 10.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 153 shares of the company’s stock after purchasing an additional 15 shares during the period. Fidelis Capital Partners LLC’s holdings in AutoZone were worth $396,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC boosted its holdings in shares of AutoZone by 1.3% in the third quarter. CWM LLC now owns 301 shares of the company’s stock worth $765,000 after acquiring an additional 4 shares during the period. Private Trust Co. NA boosted its holdings in shares of AutoZone by 2.9% in the third quarter. Private Trust Co. NA now owns 142 shares of the company’s stock worth $361,000 after acquiring an additional 4 shares during the period. Venturi Wealth Management LLC boosted its stake in AutoZone by 2.0% during the third quarter. Venturi Wealth Management LLC now owns 202 shares of the company’s stock valued at $513,000 after buying an additional 4 shares during the period. Plancorp LLC boosted its stake in AutoZone by 3.0% during the third quarter. Plancorp LLC now owns 136 shares of the company’s stock valued at $345,000 after buying an additional 4 shares during the period. Finally, Alcosta Capital Management Inc. boosted its stake in AutoZone by 0.3% during the third quarter. Alcosta Capital Management Inc. now owns 1,255 shares of the company’s stock valued at $3,188,000 after buying an additional 4 shares during the period. 92.74% of the stock is owned by institutional investors.

Insider Buying and Selling at AutoZone

In other AutoZone news, Chairman William C. Rhodes III sold 6,700 shares of AutoZone stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $3,190.22, for a total transaction of $21,374,474.00. Following the sale, the chairman now directly owns 15,357 shares of the company’s stock, valued at approximately $48,992,208.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other AutoZone news, Chairman William C. Rhodes III sold 6,700 shares of AutoZone stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $3,190.22, for a total transaction of $21,374,474.00. Following the sale, the chairman now directly owns 15,357 shares of the company’s stock, valued at approximately $48,992,208.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Philip B. Daniele sold 4,190 shares of AutoZone stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $3,161.68, for a total value of $13,247,439.20. Following the sale, the chief executive officer now directly owns 900 shares in the company, valued at $2,845,512. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,990 shares of company stock valued at $50,335,193. 2.50% of the stock is currently owned by corporate insiders.

AutoZone Price Performance

Shares of NYSE:AZO opened at $2,985.55 on Friday. AutoZone, Inc. has a 1 year low of $2,277.88 and a 1 year high of $3,256.37. The company has a market cap of $51.71 billion, a PE ratio of 21.02, a P/E/G ratio of 1.47 and a beta of 0.70. The stock’s 50-day moving average is $3,005.06 and its 200 day moving average is $2,757.38.

AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $28.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $26.08 by $2.81. AutoZone had a negative return on equity of 56.06% and a net margin of 14.70%. The company had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $4.32 billion. During the same quarter in the previous year, the business earned $24.64 EPS. AutoZone’s revenue was up 4.6% compared to the same quarter last year. Analysts expect that AutoZone, Inc. will post 152.4 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AZO shares. UBS Group lifted their price objective on AutoZone from $3,100.00 to $3,425.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Wedbush lifted their price objective on AutoZone from $2,950.00 to $3,400.00 and gave the company an “outperform” rating in a research note on Wednesday, February 28th. Mizuho initiated coverage on AutoZone in a research note on Tuesday, March 19th. They set a “buy” rating and a $3,450.00 price objective for the company. DA Davidson raised their price target on AutoZone from $2,770.00 to $3,025.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. raised their price target on AutoZone from $3,000.00 to $3,200.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $3,086.61.

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.