Fiera Capital Corp Sells 17,025 Shares of AutoZone, Inc. (NYSE:AZO)

Fiera Capital Corp decreased its position in AutoZone, Inc. (NYSE:AZO) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 406,025 shares of the company’s stock after selling 17,025 shares during the quarter. AutoZone makes up approximately 4.1% of Fiera Capital Corp’s portfolio, making the stock its 5th largest holding. Fiera Capital Corp’s holdings in AutoZone were worth $1,300,092,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in AutoZone in the 3rd quarter valued at $36,000. Carolina Wealth Advisors LLC bought a new stake in AutoZone during the third quarter valued at about $47,000. Darwin Wealth Management LLC acquired a new stake in shares of AutoZone in the third quarter valued at about $47,000. Crews Bank & Trust acquired a new stake in shares of AutoZone in the fourth quarter valued at about $61,000. Finally, McIlrath & Eck LLC increased its stake in shares of AutoZone by 25.0% in the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after purchasing an additional 4 shares during the period. 92.74% of the stock is currently owned by institutional investors and hedge funds.

AutoZone Price Performance

Shares of AZO stock opened at $3,435.93 on Thursday. The stock’s fifty day simple moving average is $3,302.29 and its 200 day simple moving average is $3,190.70. AutoZone, Inc. has a one year low of $2,680.96 and a one year high of $3,484.42. The firm has a market cap of $57.65 billion, a price-to-earnings ratio of 22.96, a P/E/G ratio of 1.92 and a beta of 0.70.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, December 10th. The company reported $32.52 EPS for the quarter, missing the consensus estimate of $33.69 by ($1.17). The firm had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $32.55 EPS. On average, research analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Citigroup increased their target price on AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Argus increased their price objective on AutoZone from $3,560.00 to $3,678.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Mizuho raised their price objective on shares of AutoZone from $3,350.00 to $3,600.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Evercore ISI upped their target price on shares of AutoZone from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Finally, Roth Mkm restated a “buy” rating and issued a $3,634.00 price target on shares of AutoZone in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $3,429.84.

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.