Fidelis Capital Partners LLC Purchases 29 Shares of AutoZone, Inc. (NYSE:AZO)

Fidelis Capital Partners LLC boosted its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 17.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196 shares of the company’s stock after acquiring an additional 29 shares during the period. Fidelis Capital Partners LLC’s holdings in AutoZone were worth $673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in AZO. Capital Performance Advisors LLP bought a new position in shares of AutoZone during the third quarter valued at approximately $36,000. Darwin Wealth Management LLC purchased a new stake in AutoZone during the third quarter worth $47,000. Crews Bank & Trust purchased a new stake in AutoZone during the fourth quarter worth $61,000. McIlrath & Eck LLC raised its position in shares of AutoZone by 25.0% in the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after acquiring an additional 4 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of AutoZone during the 3rd quarter worth $66,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Evercore ISI lifted their target price on AutoZone from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Wells Fargo & Company boosted their price objective on shares of AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Guggenheim raised their target price on shares of AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. BMO Capital Markets initiated coverage on shares of AutoZone in a report on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 price target on the stock. Finally, Citigroup increased their price objective on AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, AutoZone has an average rating of “Moderate Buy” and an average target price of $3,442.61.

AutoZone Trading Down 0.6 %

Shares of NYSE:AZO opened at $3,471.00 on Tuesday. AutoZone, Inc. has a twelve month low of $2,728.97 and a twelve month high of $3,519.00. The company has a market cap of $58.25 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 1.86 and a beta of 0.70. The company’s 50 day moving average is $3,341.31 and its 200 day moving average is $3,219.44.

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