Fidelis Capital Partners LLC Purchases 109 Shares of AutoZone, Inc. (NYSE:AZO)

Fidelis Capital Partners LLC boosted its position in AutoZone, Inc. (NYSE:AZO - Free Report) by 55.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 305 shares of the company's stock after buying an additional 109 shares during the quarter. Fidelis Capital Partners LLC's holdings in AutoZone were worth $1,101,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AZO. PDS Planning Inc increased its position in shares of AutoZone by 2.3% during the 4th quarter. PDS Planning Inc now owns 132 shares of the company's stock worth $423,000 after purchasing an additional 3 shares in the last quarter. Harbour Investments Inc. increased its position in shares of AutoZone by 42.9% during the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company's stock worth $32,000 after purchasing an additional 3 shares in the last quarter. Meeder Advisory Services Inc. increased its position in shares of AutoZone by 0.8% during the 4th quarter. Meeder Advisory Services Inc. now owns 371 shares of the company's stock worth $1,188,000 after purchasing an additional 3 shares in the last quarter. Tandem Wealth Advisors LLC increased its position in shares of AutoZone by 3.6% during the 4th quarter. Tandem Wealth Advisors LLC now owns 87 shares of the company's stock worth $279,000 after purchasing an additional 3 shares in the last quarter. Finally, United Capital Financial Advisors LLC increased its position in shares of AutoZone by 0.3% during the 4th quarter. United Capital Financial Advisors LLC now owns 1,120 shares of the company's stock worth $3,585,000 after purchasing an additional 3 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP K. Michelle Borninkhof sold 750 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $3,597.13, for a total transaction of $2,697,847.50. Following the completion of the sale, the senior vice president owned 406 shares of the company's stock, valued at approximately $1,460,434.78. This trade represents a 64.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman William C. Rhodes III sold 27,500 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $3,708.93, for a total transaction of $101,995,575.00. Following the sale, the chairman directly owned 8,546 shares in the company, valued at $31,696,515.78. This trade represents a 76.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,662 shares of company stock valued at $131,999,089 over the last three months. 2.10% of the stock is currently owned by insiders.

AutoZone Trading Down 2.1%

NYSE:AZO traded down $79.70 during mid-day trading on Tuesday, hitting $3,692.60. The company had a trading volume of 67,949 shares, compared to its average volume of 130,577. The business has a fifty day simple moving average of $3,703.97 and a 200-day simple moving average of $3,568.89. The firm has a market capitalization of $61.96 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 2.21 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 released its earnings results on Tuesday, May 27th. The company reported $35.36 earnings per share for the quarter, missing analysts' consensus estimates of $37.07 by ($1.71). AutoZone had a negative return on equity of 56.07% and a net margin of 13.56%. The firm had revenue of $4.46 billion during the quarter, compared to analyst estimates of $4.41 billion. During the same quarter last year, the company earned $36.69 earnings per share. The business's revenue for the quarter was up 5.4% on a year-over-year basis. As a group, research analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on AZO shares. Raymond James Financial restated a "strong-buy" rating on shares of AutoZone in a research report on Wednesday, May 28th. Morgan Stanley restated an "overweight" rating and issued a $4,000.00 price objective (up previously from $3,750.00) on shares of AutoZone in a research report on Wednesday, May 28th. Roth Capital set a $4,135.00 price objective on shares of AutoZone and gave the company a "buy" rating in a research report on Monday, June 2nd. Guggenheim raised their price objective on shares of AutoZone from $3,850.00 to $4,100.00 and gave the company a "buy" rating in a research report on Wednesday, May 28th. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $4,100.00 price target (up previously from $3,850.00) on shares of AutoZone in a research report on Wednesday, May 28th. Two investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $4,087.00.

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.