Savoir Faire Capital Management L.P. Has $5.46 Million Stock Position in AutoZone, Inc. (NYSE:AZO)

Savoir Faire Capital Management L.P. decreased its stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 56.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,734 shares of the company's stock after selling 2,266 shares during the period. AutoZone accounts for about 2.8% of Savoir Faire Capital Management L.P.'s portfolio, making the stock its 12th largest holding. Savoir Faire Capital Management L.P.'s holdings in AutoZone were worth $5,462,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in AutoZone during the third quarter worth about $36,000. Meeder Asset Management Inc. increased 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 worth $44,000 after purchasing an additional 5 shares during the period. Carolina Wealth Advisors LLC acquired a new stake in shares of AutoZone in the third quarter valued at approximately $47,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of AutoZone in the second quarter valued at approximately $50,000. Finally, ORG Partners LLC acquired a new stake in AutoZone during the second quarter worth approximately $50,000. Institutional investors and hedge funds own 92.74% of the company's stock.

Insider Buying and Selling at AutoZone

In other news, VP John Scott Murphy sold 1,580 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $3,107.69, for a total transaction of $4,910,150.20. Following the transaction, the vice president now owns 1,218 shares of the company's stock, valued at $3,785,166.42. This represents a 56.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman William C. Rhodes III sold 300 shares of the business's stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $3,075.20, for a total value of $922,560.00. Following the completion of the sale, the chairman now directly owns 13,857 shares of the company's stock, valued at $42,613,046.40. The trade was a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,880 shares of company stock valued at $46,225,660. 2.10% of the stock is currently owned by company insiders.

AutoZone Price Performance

NYSE AZO traded down $60.02 during mid-day trading on Tuesday, reaching $3,106.91. 106,635 shares of the stock were exchanged, compared to its average volume of 138,499. The stock has a market cap of $52.51 billion, a P/E ratio of 21.15, a P/E/G ratio of 1.57 and a beta of 0.71. AutoZone, Inc. has a one year low of $2,510.00 and a one year high of $3,256.37. The stock has a 50 day simple moving average of $3,113.91 and a 200-day simple moving average of $3,026.55.

AutoZone (NYSE:AZO - Get Free Report) last posted its quarterly earnings data on Tuesday, September 24th. The company reported $48.11 earnings per share for the quarter, missing the consensus estimate of $53.31 by ($5.20). AutoZone had a negative return on equity of 52.99% and a net margin of 14.40%. The business had revenue of $6.21 billion during the quarter, compared to the consensus estimate of $6.25 billion. During the same period last year, the business posted $46.46 earnings per share. The business's revenue was up 9.0% on a year-over-year basis. Sell-side analysts anticipate that AutoZone, Inc. will post 158.09 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AZO. Evercore ISI upped their target price on AutoZone from $3,300.00 to $3,350.00 and gave the company an "outperform" rating in a research report on Thursday, October 3rd. Roth Capital raised shares of AutoZone to a "strong-buy" rating in a research report on Tuesday, October 15th. Roth Mkm reiterated a "buy" rating and set a $3,634.00 price target on shares of AutoZone in a research report on Wednesday, October 16th. Citigroup decreased their target price on AutoZone from $3,787.00 to $3,500.00 and set a "buy" rating on the stock in a research report on Wednesday, September 25th. Finally, Guggenheim upped their price objective on shares of AutoZone from $3,225.00 to $3,350.00 and gave the stock a "buy" rating in a research report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have issued a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $3,202.71.

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.