AutoZone, Inc. $AZO Holdings Lessened by Fiera Capital Corp

Fiera Capital Corp trimmed its stake in AutoZone, Inc. (NYSE:AZO) by 6.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 270,643 shares of the company’s stock after selling 18,132 shares during the period. AutoZone comprises 2.9% of Fiera Capital Corp’s investment portfolio, making the stock its 6th biggest holding. Fiera Capital Corp’s holdings in AutoZone were worth $917,886,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its stake in AutoZone by 14.4% during the 4th quarter. Brighton Jones LLC now owns 111 shares of the company’s stock worth $356,000 after buying an additional 14 shares during the period. Sivia Capital Partners LLC purchased a new stake in AutoZone during the 2nd quarter worth approximately $356,000. Guggenheim Capital LLC increased its stake in AutoZone by 3.8% during the 2nd quarter. Guggenheim Capital LLC now owns 248 shares of the company’s stock worth $921,000 after buying an additional 9 shares during the period. NewEdge Advisors LLC increased its stake in AutoZone by 8.9% during the 2nd quarter. NewEdge Advisors LLC now owns 1,376 shares of the company’s stock worth $5,110,000 after buying an additional 112 shares during the period. Finally, Treasurer of the State of North Carolina increased its stake in AutoZone by 52.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 11,763 shares of the company’s stock worth $43,667,000 after buying an additional 4,039 shares during the period. 92.74% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at AutoZone

In related news, Director Brian Hannasch bought 165 shares of the stock in a transaction dated Friday, May 29th. The stock was acquired at an average price of $2,987.00 per share, for a total transaction of $492,855.00. Following the acquisition, the director owned 1,219 shares in the company, valued at approximately $3,641,153. This represents a 15.65% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Earl G. Graves, Jr. sold 50 shares of the company’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $3,478.72, for a total transaction of $173,936.00. Following the completion of the transaction, the director owned 4,837 shares of the company’s stock, valued at approximately $16,826,568.64. The trade was a 1.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 2.60% of the company’s stock.

AutoZone Stock Down 0.0%

NYSE AZO opened at $3,116.41 on Monday. AutoZone, Inc. has a 52 week low of $2,928.11 and a 52 week high of $4,388.11. The stock has a market capitalization of $51.36 billion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 1.58 and a beta of 0.35. The firm has a 50 day moving average of $3,393.83 and a two-hundred day moving average of $3,538.05.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, May 26th. The company reported $38.07 EPS for the quarter, topping the consensus estimate of $36.22 by $1.85. AutoZone had a net margin of 12.40% and a negative return on equity of 80.35%. The company had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same quarter in the previous year, the business posted $35.36 EPS. The firm’s revenue was up 8.4% on a year-over-year basis. On average, equities research analysts expect that AutoZone, Inc. will post 150.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AZO has been the topic of several recent research reports. Citigroup cut their target price on shares of AutoZone from $4,300.00 to $3,700.00 and set a “buy” rating on the stock in a research note on Wednesday, May 27th. Argus raised shares of AutoZone from a “hold” rating to a “buy” rating and set a $4,325.00 target price on the stock in a research note on Monday, March 9th. BMO Capital Markets cut their target price on shares of AutoZone from $4,300.00 to $4,000.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 27th. Raymond James Financial reiterated a “strong-buy” rating on shares of AutoZone in a report on Wednesday, May 27th. Finally, The Goldman Sachs Group lowered their price target on shares of AutoZone from $4,345.00 to $4,096.00 and set a “buy” rating for the company in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, AutoZone presently has a consensus rating of “Moderate Buy” and an average price target of $4,040.87.

AutoZone Company Profile

AutoZone, Inc (NYSE: AZO) is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.

AutoZone serves both do‑it‑yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.