AutoZone, Inc. (NYSE:AZO) Shares Purchased by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC boosted its holdings in AutoZone, Inc. (NYSE:AZO - Free Report) by 55.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 305 shares of the company's stock after acquiring an additional 109 shares during the period. Fidelis Capital Partners LLC's holdings in AutoZone were worth $1,101,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in AZO. GAMMA Investing LLC lifted its holdings in AutoZone by 435,031.1% in the 1st quarter. GAMMA Investing LLC now owns 770,182 shares of the company's stock valued at $2,936,535,000 after purchasing an additional 770,005 shares in the last quarter. Norges Bank purchased a new position in AutoZone in the 4th quarter valued at about $834,556,000. Barclays PLC lifted its holdings in AutoZone by 82.6% in the 4th quarter. Barclays PLC now owns 170,216 shares of the company's stock valued at $545,033,000 after purchasing an additional 77,015 shares in the last quarter. Northern Trust Corp lifted its holdings in AutoZone by 22.0% in the 4th quarter. Northern Trust Corp now owns 204,748 shares of the company's stock valued at $655,603,000 after purchasing an additional 36,916 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in AutoZone in the 4th quarter valued at about $95,480,000. 92.74% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Domingo Hurtado sold 4,800 shares of AutoZone stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $3,660.00, for a total transaction of $17,568,000.00. Following the sale, the vice president owned 159 shares of the company's stock, valued at $581,940. The trade was a 96.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Jamere Jackson sold 2,612 shares of the business's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $3,728.05, for a total transaction of $9,737,666.60. Following the completion of the transaction, the chief financial officer owned 427 shares in the company, valued at $1,591,877.35. This represents a 85.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,662 shares of company stock valued at $131,999,089 in the last 90 days. Company insiders own 2.10% of the company's stock.

AutoZone Stock Performance

AZO opened at $3,702.16 on Friday. The firm has a 50 day moving average price of $3,704.16 and a 200 day moving average price of $3,561.04. The company has a market cap of $62.12 billion, a PE ratio of 25.06, a price-to-earnings-growth ratio of 2.22 and a beta of 0.39. AutoZone, Inc. has a 1 year low of $2,894.02 and a 1 year high of $3,916.81.

AutoZone (NYSE:AZO - Get Free Report) last issued its quarterly earnings data on Tuesday, May 27th. The company reported $35.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $37.07 by ($1.71). AutoZone had a net margin of 13.56% and a negative return on equity of 56.07%. The firm had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.41 billion. During the same period last year, the business earned $36.69 EPS. The firm's revenue was up 5.4% compared to the same quarter last year. On average, sell-side analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Guggenheim upped their target price on shares of AutoZone from $3,850.00 to $4,100.00 and gave the company a "buy" rating in a report on Wednesday, May 28th. Truist Financial set a $3,995.00 price objective on shares of AutoZone in a report on Friday, May 23rd. UBS Group increased their price objective on shares of AutoZone from $4,025.00 to $4,260.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Morgan Stanley reiterated an "overweight" rating and set a $4,000.00 price objective (up from $3,750.00) on shares of AutoZone in a report on Wednesday, May 28th. Finally, Mizuho increased their price objective on shares of AutoZone from $3,740.00 to $4,050.00 and gave the stock an "outperform" rating in a report on Thursday, July 3rd. Two investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, AutoZone currently has an average rating of "Buy" and an average price target of $4,087.00.

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.

Want to see what other hedge funds are holding AZO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AutoZone, Inc. (NYSE:AZO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.