Fiera Capital Corp Has $1.30 Billion Holdings in AutoZone, Inc. (NYSE:AZO)

Fiera Capital Corp reduced its position in shares of AutoZone, Inc. (NYSE:AZO) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 406,025 shares of the company’s stock after selling 17,025 shares during the period. AutoZone makes up about 4.1% of Fiera Capital Corp’s investment portfolio, making the stock its 5th largest position. Fiera Capital Corp owned approximately 2.42% of AutoZone worth $1,300,092,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

AZO has been the topic of several recent analyst reports. Roth Mkm restated a “buy” rating and set a $3,634.00 price objective on shares of AutoZone in a report on Wednesday, October 16th. Guggenheim boosted their price target on shares of AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Barclays upped their price target on shares of AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Truist Financial lifted their price objective on shares of AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, TD Cowen increased their target price on AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, AutoZone has an average rating of “Moderate Buy” and a consensus target price of $3,429.84.

AutoZone Stock Performance

Shares of AZO opened at $3,435.93 on Thursday. The firm has a market cap of $57.65 billion, a PE ratio of 22.96, a PEG ratio of 1.92 and a beta of 0.70. The firm’s 50 day moving average price is $3,302.29 and its 200 day moving average price is $3,190.70. AutoZone, Inc. has a twelve month low of $2,680.96 and a twelve month high of $3,484.42.

AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). The business had revenue of $4.28 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $32.55 EPS. On average, sell-side analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

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.