AutoZone, Inc. (NYSE:AZO) is Horrell Capital Management Inc.’s 5th Largest Position

Horrell Capital Management Inc. increased its stake in AutoZone, Inc. (NYSE:AZO) by 0.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 3,770 shares of the company’s stock after acquiring an additional 11 shares during the quarter. AutoZone comprises approximately 3.5% of Horrell Capital Management Inc.’s investment portfolio, making the stock its 5th biggest position. Horrell Capital Management Inc.’s holdings in AutoZone were worth $12,072,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Flagship Wealth Advisors LLC acquired a new stake in AutoZone during the 4th quarter worth $32,000. Harbour Investments Inc. boosted its stake in AutoZone by 42.9% during the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock worth $32,000 after purchasing an additional 3 shares during the last quarter. Crews Bank & Trust acquired a new stake in AutoZone during the 4th quarter worth $61,000. McIlrath & Eck LLC boosted its stake in AutoZone by 25.0% during the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after purchasing an additional 4 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in AutoZone during the 4th quarter worth $67,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Price Performance

Shares of NYSE:AZO opened at $3,605.88 on Monday. The firm has a market capitalization of $60.51 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of 1.86 and a beta of 0.71. The firm’s 50-day moving average is $3,433.28 and its two-hundred day moving average is $3,259.40. AutoZone, Inc. has a 1 year low of $2,728.97 and a 1 year high of $3,704.43.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $29.11 by ($0.82). The business had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $3.98 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. Analysts expect that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, VP Richard Craig Smith sold 2,850 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $3,610.00, for a total transaction of $10,288,500.00. Following the sale, the vice president now directly owns 2,924 shares in the company, valued at approximately $10,555,640. This represents a 49.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Bailey L. Childress sold 160 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the sale, the senior vice president now owns 50 shares in the company, valued at $177,500. The trade was a 76.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,721 shares of company stock worth $17,009,311 over the last three months. Company insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Truist Financial lifted their target price on shares of AutoZone from $3,753.00 to $3,841.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Evercore ISI lifted their target price on shares of AutoZone from $3,525.00 to $3,700.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Morgan Stanley boosted their price target on shares of AutoZone from $3,490.00 to $3,750.00 and gave the company an “overweight” rating in a research report on Wednesday, March 5th. Wedbush reissued an “outperform” rating and set a $3,700.00 price target on shares of AutoZone in a research report on Wednesday, March 5th. Finally, Raymond James reissued a “strong-buy” rating on shares of AutoZone in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, sixteen have given a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $3,683.36.

AutoZone 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.