Fidelis Capital Partners LLC Buys 8 Shares of AutoZone, Inc. (NYSE:AZO)

Fidelis Capital Partners LLC raised its stake in AutoZone, Inc. (NYSE:AZO) by 5.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 167 shares of the company’s stock after purchasing an additional 8 shares during the quarter. Fidelis Capital Partners LLC’s holdings in AutoZone were worth $534,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AZO. Meeder Asset Management Inc. raised its holdings in shares of AutoZone by 50.0% during the second quarter. Meeder Asset Management Inc. now owns 15 shares of the company’s stock valued at $44,000 after acquiring an additional 5 shares in the last quarter. Carolina Wealth Advisors LLC bought a new position in shares of AutoZone during the third quarter valued at approximately $47,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of AutoZone during the second quarter valued at approximately $50,000. ORG Partners LLC bought a new position in shares of AutoZone during the second quarter valued at approximately $50,000. Finally, UMB Bank n.a. raised its holdings in shares of AutoZone by 33.3% during the second quarter. UMB Bank n.a. now owns 28 shares of the company’s stock valued at $83,000 after acquiring an additional 7 shares in the last quarter. Institutional investors own 92.74% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. StockNews.com downgraded AutoZone from a “buy” rating to a “hold” rating in a report on Saturday, September 21st. Mizuho increased their price objective on AutoZone from $3,280.00 to $3,350.00 and gave the stock an “outperform” rating in a report on Wednesday, September 25th. Roth Capital upgraded AutoZone to a “strong-buy” rating in a report on Tuesday, October 15th. Wedbush reiterated an “outperform” rating and issued a $3,200.00 price objective on shares of AutoZone in a report on Thursday, September 19th. Finally, Redburn Atlantic upgraded AutoZone to a “strong-buy” rating in a report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $3,202.71.

AutoZone Price Performance

AutoZone stock opened at $3,017.98 on Thursday. AutoZone, Inc. has a one year low of $2,463.45 and a one year high of $3,256.37. The stock has a market capitalization of $51.56 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 1.59 and a beta of 0.70. The business’s fifty day moving average is $3,125.36 and its 200 day moving average is $3,011.68.

AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, September 24th. The company reported $48.11 EPS for the quarter, missing the consensus estimate of $53.31 by ($5.20). AutoZone had a net margin of 14.40% and a negative return on equity of 52.99%. The business had revenue of $6.21 billion for the quarter, compared to analysts’ expectations of $6.25 billion. During the same period last year, the business earned $46.46 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. As a group, sell-side analysts expect that AutoZone, Inc. will post 157.99 EPS for the current fiscal year.

Insider Activity at AutoZone

In related news, Chairman William C. Rhodes III sold 13,000 shares of the stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $3,107.15, for a total transaction of $40,392,950.00. Following the sale, the chairman now directly owns 13,857 shares of the company’s stock, valued at $43,055,777.55. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other AutoZone news, Chairman William C. Rhodes III sold 13,000 shares of the firm’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $3,107.15, for a total value of $40,392,950.00. Following the transaction, the chairman now directly owns 13,857 shares of the company’s stock, valued at approximately $43,055,777.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP John Scott Murphy sold 1,580 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $3,107.69, for a total value of $4,910,150.20. Following the completion of the transaction, the vice president now directly owns 1,218 shares in the company, valued at $3,785,166.42. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,880 shares of company stock valued at $46,225,660 over the last ninety days. Insiders own 2.50% of the company’s stock.

AutoZone Company 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.