AutoZone, Inc. $AZO Position Lessened by Horrell Capital Management Inc.

Horrell Capital Management Inc. trimmed its stake in AutoZone, Inc. (NYSE:AZO) by 8.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,564 shares of the company’s stock after selling 314 shares during the period. AutoZone accounts for 6.3% of Horrell Capital Management Inc.’s portfolio, making the stock its 4th largest position. Horrell Capital Management Inc.’s holdings in AutoZone were worth $15,290,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. bought a new position in AutoZone in the third quarter worth about $26,000. Global Trust Asset Management LLC grew its position in shares of AutoZone by 600.0% in the 3rd quarter. Global Trust Asset Management LLC now owns 7 shares of the company’s stock worth $30,000 after buying an additional 6 shares during the last quarter. Aspect Partners LLC raised its stake in shares of AutoZone by 700.0% during the 2nd quarter. Aspect Partners LLC now owns 8 shares of the company’s stock worth $30,000 after acquiring an additional 7 shares in the last quarter. Salomon & Ludwin LLC bought a new position in shares of AutoZone during the 3rd quarter worth approximately $34,000. Finally, Bank of Jackson Hole Trust acquired a new stake in AutoZone in the second quarter valued at approximately $33,000. Institutional investors own 92.74% of the company’s stock.

Insider Activity

In other news, Director Earl G. Graves, Jr. sold 250 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $3,295.00, for a total transaction of $823,750.00. Following the completion of the transaction, the director directly owned 4,887 shares of the company’s stock, valued at $16,102,665. This represents a 4.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Richard Craig Smith sold 5,910 shares of AutoZone stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $3,700.00, for a total transaction of $21,867,000.00. Following the completion of the sale, the vice president directly owned 2,627 shares in the company, valued at $9,719,900. This represents a 69.23% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders acquired 347 shares of company stock worth $1,179,256 and sold 9,447 shares worth $34,179,923. Insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. UBS Group reiterated a “buy” rating and set a $4,555.00 price objective on shares of AutoZone in a report on Wednesday, February 4th. Robert W. Baird downgraded AutoZone from an “outperform” rating to a “neutral” rating and set a $3,900.00 price target for the company. in a report on Monday, February 9th. JPMorgan Chase & Co. dropped their price target on AutoZone from $4,850.00 to $4,100.00 and set an “overweight” rating on the stock in a research note on Thursday, December 18th. Erste Group Bank lowered shares of AutoZone from a “buy” rating to a “hold” rating in a research report on Friday, October 31st. Finally, Barclays set a $3,880.00 price target on shares of AutoZone in a research note on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, AutoZone currently has a consensus rating of “Moderate Buy” and a consensus target price of $4,271.25.

AutoZone Trading Down 3.0%

AZO opened at $3,741.67 on Wednesday. AutoZone, Inc. has a 12-month low of $3,210.72 and a 12-month high of $4,388.11. The firm has a 50 day moving average of $3,545.15 and a two-hundred day moving average of $3,845.32. The firm has a market capitalization of $62.00 billion, a PE ratio of 26.09, a P/E/G ratio of 1.84 and a beta of 0.41.

AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, December 9th. The company reported $31.04 EPS for the quarter, missing the consensus estimate of $32.69 by ($1.65). The business had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.64 billion. AutoZone had a net margin of 12.78% and a negative return on equity of 65.38%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the company earned $32.52 earnings per share. As a group, analysts predict that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

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.