Savoir Faire Capital Management L.P. Sells 209 Shares of AutoZone, Inc. (NYSE:AZO)

Savoir Faire Capital Management L.P. cut its holdings in AutoZone, Inc. (NYSE:AZO - Free Report) by 12.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,525 shares of the company's stock after selling 209 shares during the quarter. AutoZone makes up about 2.3% of Savoir Faire Capital Management L.P.'s holdings, making the stock its 19th biggest holding. Savoir Faire Capital Management L.P.'s holdings in AutoZone were worth $4,883,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Headlands Technologies LLC purchased a new stake in AutoZone in the fourth quarter worth about $29,000. Flagship Wealth Advisors LLC purchased a new stake in shares of AutoZone in the 4th quarter worth approximately $32,000. Harbour Investments Inc. increased its position in AutoZone by 42.9% during the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company's stock valued at $32,000 after buying an additional 3 shares in the last quarter. Crews Bank & Trust purchased a new position in AutoZone during the fourth quarter valued at $61,000. Finally, McIlrath & Eck LLC raised its stake in AutoZone by 25.0% during the third quarter. McIlrath & Eck LLC now owns 20 shares of the company's stock valued at $63,000 after buying an additional 4 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors.

Insider Activity

In other AutoZone news, CEO Philip B. Daniele sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $3,800.01, for a total transaction of $7,600,020.00. Following the completion of the transaction, the chief executive officer now owns 163 shares in the company, valued at $619,401.63. This trade represents a 92.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Richard Craig Smith sold 2,850 shares of AutoZone stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $3,610.00, for a total value of $10,288,500.00. Following the completion of the sale, the vice president now directly owns 2,924 shares in the company, valued at approximately $10,555,640. The trade was a 49.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,721 shares of company stock worth $24,609,331 over the last 90 days. Corporate insiders own 2.10% of the company's stock.

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AutoZone Stock Down 0.5 %

AZO stock traded down $18.49 during midday trading on Wednesday, hitting $3,480.59. The company's stock had a trading volume of 45,863 shares, compared to its average volume of 132,535. The firm has a market capitalization of $58.41 billion, a price-to-earnings ratio of 23.28, a price-to-earnings-growth ratio of 1.86 and a beta of 0.54. AutoZone, Inc. has a 12 month low of $2,728.97 and a 12 month high of $3,916.81. The company has a 50 day moving average of $3,540.75 and a two-hundred day moving average of $3,312.81.

AutoZone (NYSE:AZO - Get Free Report) last posted its earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share for the quarter, missing the consensus estimate 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%. On average, analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on AZO. Wells Fargo & Company increased their target price on AutoZone from $3,750.00 to $3,850.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 5th. Argus downgraded shares of AutoZone from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Wedbush reaffirmed an "outperform" rating and issued a $3,700.00 target price on shares of AutoZone in a report on Wednesday, March 5th. The Goldman Sachs Group upgraded shares of AutoZone from a "sell" rating to a "neutral" rating and increased their price target for the company from $3,044.00 to $3,811.00 in a report on Tuesday, April 1st. Finally, Roth Capital set a $3,763.00 price target on shares of AutoZone in a research report on Wednesday, March 5th. Five investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $3,724.00.

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.