Savoir Faire Capital Management L.P. Has $4.88 Million Stock Position in AutoZone, Inc. (NYSE:AZO)

Savoir Faire Capital Management L.P. reduced its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 12.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,525 shares of the company’s stock after selling 209 shares during the quarter. AutoZone makes up approximately 2.3% of Savoir Faire Capital Management L.P.’s holdings, making the stock its 19th biggest position. Savoir Faire Capital Management L.P.’s holdings in AutoZone were worth $4,883,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Headlands Technologies LLC acquired a new position in shares of AutoZone during the 4th quarter worth about $29,000. Flagship Wealth Advisors LLC bought a new stake in AutoZone during the fourth quarter worth about $32,000. Harbour Investments Inc. boosted its position in AutoZone by 42.9% during the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock valued at $32,000 after purchasing an additional 3 shares during the last quarter. Crews Bank & Trust bought a new position in AutoZone in the fourth quarter valued at approximately $61,000. Finally, McIlrath & Eck LLC increased its position 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 purchasing an additional 4 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at AutoZone

In other AutoZone news, SVP Bailey L. Childress sold 160 shares of the firm’s stock in a transaction 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 sale, the senior vice president now owns 50 shares of the company’s stock, valued at approximately $177,500. This trade represents a 76.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Philip B. Daniele sold 2,000 shares of AutoZone stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $3,800.01, for a total value of $7,600,020.00. Following the completion of the transaction, the chief executive officer now owns 163 shares in the company, valued at approximately $619,401.63. The trade was a 92.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,721 shares of company stock valued at $24,609,331 in the last ninety days. 2.10% of the stock is currently owned by company insiders.

AutoZone Price Performance

Shares of NYSE AZO opened at $3,825.79 on Friday. The business has a fifty day moving average price of $3,524.84 and a two-hundred day moving average price of $3,297.98. The stock has a market capitalization of $64.20 billion, a PE ratio of 25.56, a P/E/G ratio of 1.86 and a beta of 0.54. AutoZone, Inc. has a fifty-two week low of $2,728.97 and a fifty-two week high of $3,916.81.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing analysts’ consensus estimates of $29.11 by ($0.82). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The company had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.98 billion. On average, equities analysts expect that AutoZone, Inc. will post 152.94 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Guggenheim increased their price objective on AutoZone from $3,750.00 to $3,850.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. The Goldman Sachs Group raised shares of AutoZone from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $3,044.00 to $3,811.00 in a research report on Tuesday. TD Cowen upped their target price on shares of AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a report on Monday, December 16th. Roth Capital set a $3,763.00 price target on AutoZone in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. boosted their price target on AutoZone from $3,775.00 to $3,830.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Five analysts have rated the stock with a hold rating, sixteen have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, AutoZone has a consensus rating of “Moderate Buy” and a consensus price target of $3,724.00.

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.