Horrell Capital Management Inc. Cuts Holdings in AutoZone, Inc. $AZO

Horrell Capital Management Inc. decreased its position in shares of AutoZone, Inc. (NYSE:AZO) by 8.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 3,564 shares of the company’s stock after selling 314 shares during the period. AutoZone comprises about 6.3% of Horrell Capital Management Inc.’s holdings, making the stock its 4th largest holding. Horrell Capital Management Inc.’s holdings in AutoZone were worth $15,290,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Brighton Jones LLC boosted its position in shares of AutoZone by 14.4% in the 4th quarter. Brighton Jones LLC now owns 111 shares of the company’s stock worth $356,000 after purchasing an additional 14 shares in the last quarter. Sivia Capital Partners LLC bought a new position in AutoZone during the second quarter valued at approximately $356,000. Harbour Investments Inc. boosted its stake in shares of AutoZone by 27.3% in the 2nd quarter. Harbour Investments Inc. now owns 14 shares of the company’s stock worth $52,000 after buying an additional 3 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in AutoZone by 8.3% in the second quarter. Stratos Wealth Partners LTD. now owns 130 shares of the company’s stock worth $483,000 after purchasing an additional 10 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its holdings in shares of AutoZone by 32.4% in the second quarter. Chicago Partners Investment Group LLC now owns 143 shares of the company’s stock worth $539,000 after buying an additional 35 shares during the last quarter. 92.74% of the stock is owned by hedge funds and other institutional investors.

AutoZone Stock Performance

Shares of NYSE AZO opened at $3,741.67 on Wednesday. The firm has a market capitalization of $62.00 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 1.84 and a beta of 0.41. The stock has a 50 day moving average price of $3,545.15 and a 200 day moving average price of $3,845.32. AutoZone, Inc. has a 52-week low of $3,210.72 and a 52-week high of $4,388.11.

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 firm had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.64 billion. AutoZone had a negative return on equity of 65.38% and a net margin of 12.78%.The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $32.52 earnings per share. Analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on AZO shares. Erste Group Bank lowered AutoZone from a “buy” rating to a “hold” rating in a report on Friday, October 31st. Morgan Stanley cut their price objective on shares of AutoZone from $4,700.00 to $4,000.00 and set an “overweight” rating for the company in a report on Thursday, January 15th. JPMorgan Chase & Co. reduced their target price on AutoZone from $4,850.00 to $4,100.00 and set an “overweight” rating on the stock in a report on Thursday, December 18th. TD Cowen decreased their price target on shares of AutoZone from $4,900.00 to $4,400.00 and set a “buy” rating on the stock in a research note on Wednesday, December 10th. Finally, Barclays set a $3,880.00 price objective on AutoZone in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, AutoZone presently has a consensus rating of “Moderate Buy” and an average target price of $4,271.25.

Insider Activity

In other news, Director Earl G. Graves, Jr. sold 250 shares of the business’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $3,295.00, for a total value of $823,750.00. Following the completion of the sale, the director owned 4,887 shares in the company, valued at approximately $16,102,665. The trade was a 4.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director George R. Mrkonic, Jr. sold 97 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $3,341.99, for a total transaction of $324,173.03. Following the completion of the sale, the director directly owned 3,564 shares of the company’s stock, valued at $11,910,852.36. The trade was a 2.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have bought 347 shares of company stock valued at $1,179,256 and have sold 9,447 shares valued at $34,179,923. Corporate insiders own 2.60% of the company’s stock.

AutoZone Company Profile

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.