Firetrail Investments PTY Ltd. Has $9.66 Million Stock Position in AutoZone, Inc. $AZO

Firetrail Investments PTY Ltd. reduced its holdings in AutoZone, Inc. (NYSE:AZO) by 26.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,834 shares of the company’s stock after selling 1,039 shares during the period. AutoZone comprises about 3.2% of Firetrail Investments PTY Ltd.’s holdings, making the stock its 15th largest holding. Firetrail Investments PTY Ltd.’s holdings in AutoZone were worth $9,658,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Banco Bilbao Vizcaya Argentaria S.A. increased its stake in AutoZone by 6.6% in the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,966 shares of the company’s stock valued at $21,315,000 after buying an additional 306 shares during the period. Summit Global Investments lifted its position in AutoZone by 132.8% in the 3rd quarter. Summit Global Investments now owns 319 shares of the company’s stock worth $1,369,000 after buying an additional 182 shares in the last quarter. Numerai GP LLC boosted its stake in shares of AutoZone by 1,199.3% during the 3rd quarter. Numerai GP LLC now owns 1,754 shares of the company’s stock valued at $7,525,000 after buying an additional 1,619 shares during the period. Foundations Investment Advisors LLC acquired a new stake in shares of AutoZone during the 3rd quarter valued at $678,000. Finally, First Horizon Corp purchased a new position in shares of AutoZone during the 3rd quarter valued at $2,038,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

Insider Activity at AutoZone

In related news, Director Earl G. Graves, Jr. sold 50 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $3,478.72, for a total value of $173,936.00. Following the transaction, the director directly owned 4,837 shares of the company’s stock, valued at approximately $16,826,568.64. This trade represents a 1.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.60% of the company’s stock.

AutoZone Trading Down 1.6%

AZO stock opened at $3,497.52 on Friday. The firm has a market cap of $57.64 billion, a PE ratio of 24.50, a PEG ratio of 1.79 and a beta of 0.43. AutoZone, Inc. has a 1 year low of $3,210.72 and a 1 year high of $4,388.11. The company has a fifty day simple moving average of $3,530.25 and a 200 day simple moving average of $3,617.57.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, March 3rd. The company reported $27.63 earnings per share for the quarter, beating the consensus estimate of $27.59 by $0.04. AutoZone had a negative return on equity of 72.31% and a net margin of 12.47%.The company had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.31 billion. During the same period last year, the company earned $28.29 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year. As a group, analysts forecast that AutoZone, Inc. will post 148.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AZO. Oppenheimer reaffirmed an “outperform” rating and issued a $4,300.00 price target (up from $4,150.00) on shares of AutoZone in a research note on Tuesday, March 10th. TD Cowen lowered their target price on AutoZone from $4,400.00 to $4,250.00 and set a “buy” rating on the stock in a research note on Monday, March 16th. BMO Capital Markets dropped their target price on AutoZone from $4,400.00 to $4,300.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. Mizuho raised their price target on AutoZone from $3,550.00 to $3,600.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. Finally, Barclays lifted their price target on AutoZone from $3,800.00 to $3,900.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $4,312.13.

About AutoZone

AutoZone, Inc (NYSE: AZO) is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.

AutoZone serves both do‑it‑yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.