AutoZone, Inc. (NYSE:AZO) Stake Reduced by Fiera Capital Corp

Fiera Capital Corp cut its stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 406,025 shares of the company's stock after selling 17,025 shares during the period. AutoZone makes up 4.1% of Fiera Capital Corp's investment portfolio, making the stock its 5th biggest holding. Fiera Capital Corp owned 2.42% of AutoZone worth $1,300,092,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AZO. Capital Performance Advisors LLP purchased a new stake in AutoZone during the 3rd quarter valued at approximately $36,000. Carolina Wealth Advisors LLC purchased a new position in shares of AutoZone during the 3rd quarter worth approximately $47,000. Darwin Wealth Management LLC purchased a new position in shares of AutoZone during the 3rd quarter worth approximately $47,000. Crews Bank & Trust purchased a new position in shares of AutoZone during the 4th quarter worth approximately $61,000. Finally, McIlrath & Eck LLC raised its stake in shares of AutoZone by 25.0% during the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company's stock worth $63,000 after buying an additional 4 shares in the last quarter. 92.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Mizuho increased their target price on AutoZone from $3,350.00 to $3,600.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Argus increased their target price on AutoZone from $3,560.00 to $3,678.00 and gave the stock a "buy" rating in a research note on Thursday, January 2nd. Wells Fargo & Company increased their target price on 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 increased their target price on AutoZone from $3,350.00 to $3,750.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Finally, Evercore ISI increased their target price on AutoZone from $3,400.00 to $3,450.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $3,429.84.

AutoZone Trading Down 0.2 %

Shares of AutoZone stock traded down $7.77 during trading hours on Friday, reaching $3,461.94. 77,024 shares of the company's stock were exchanged, compared to its average volume of 103,996. AutoZone, Inc. has a 52-week low of $2,680.96 and a 52-week high of $3,484.42. The firm has a market capitalization of $58.10 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 1.92 and a beta of 0.70. The company has a fifty day moving average of $3,315.89 and a 200-day moving average of $3,197.63.

AutoZone (NYSE:AZO - Get Free Report) last issued its quarterly earnings results 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). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business had revenue of $4.28 billion for the quarter, compared to analysts' expectations of $4.30 billion. During the same period in the prior year, the company earned $32.55 EPS. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities research analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

About AutoZone

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.