Fox Run Management L.L.C. Acquires New Holdings in AutoZone, Inc. (NYSE:AZO)

Fox Run Management L.L.C. acquired a new position in AutoZone, Inc. (NYSE:AZO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 266 shares of the company's stock, valued at approximately $852,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC increased its stake in AutoZone by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 421,716 shares of the company's stock worth $1,326,545,000 after buying an additional 7,365 shares in the last quarter. Proficio Capital Partners LLC grew its position in shares of AutoZone by 482,040.2% during the fourth quarter. Proficio Capital Partners LLC now owns 419,462 shares of the company's stock worth $1,343,117,000 after purchasing an additional 419,375 shares in the last quarter. PineStone Asset Management Inc. raised its stake in AutoZone by 6.9% during the 4th quarter. PineStone Asset Management Inc. now owns 213,575 shares of the company's stock valued at $683,867,000 after purchasing an additional 13,771 shares during the period. Marshfield Associates lifted its holdings in AutoZone by 0.5% in the 3rd quarter. Marshfield Associates now owns 169,586 shares of the company's stock worth $534,204,000 after purchasing an additional 796 shares in the last quarter. Finally, Baillie Gifford & Co. boosted its stake in AutoZone by 35.6% in the 4th quarter. Baillie Gifford & Co. now owns 163,089 shares of the company's stock worth $522,211,000 after purchasing an additional 42,776 shares during the period. 92.74% of the stock is currently owned by institutional investors.

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AutoZone Trading Down 0.2 %

Shares of AZO stock traded down $5.73 on Wednesday, reaching $3,666.51. 68,460 shares of the company's stock were exchanged, compared to its average volume of 120,334. The company's fifty day simple moving average is $3,450.75 and its 200 day simple moving average is $3,267.24. AutoZone, Inc. has a 52 week low of $2,728.97 and a 52 week high of $3,704.43. The stock has a market capitalization of $61.53 billion, a PE ratio of 24.50, a P/E/G ratio of 1.86 and a beta of 0.71.

AutoZone (NYSE:AZO - Get Free Report) last issued its earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $29.11 by ($0.82). The company had revenue of $3.95 billion for the quarter, compared to analysts' expectations of $3.98 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. As a group, sell-side analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Bailey L. Childress sold 160 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total value of $568,000.00. Following the transaction, the senior vice president now owns 50 shares of the company's stock, valued at $177,500. This represents a 76.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Richard Craig Smith sold 2,850 shares of AutoZone stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $3,610.00, for a total value of $10,288,500.00. Following the sale, the vice president now directly owns 2,924 shares of the company's stock, valued at approximately $10,555,640. This trade represents a 49.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,721 shares of company stock worth $17,009,311 in the last three months. Corporate insiders own 2.10% of the company's stock.

Wall Street Analysts Forecast Growth

AZO has been the topic of several recent analyst reports. Wedbush reiterated an "outperform" rating and set a $3,700.00 price objective on shares of AutoZone in a research report on Wednesday, March 5th. Mizuho boosted their price target on shares of AutoZone from $3,600.00 to $3,740.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Truist Financial raised their price objective on AutoZone from $3,753.00 to $3,841.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Barclays boosted their target price on AutoZone from $3,024.00 to $3,585.00 and gave the stock an "overweight" rating in a research report on Thursday, January 9th. Finally, JPMorgan Chase & Co. raised their price target on AutoZone from $3,775.00 to $3,830.00 and gave the company an "overweight" rating in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have given a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $3,683.36.

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.