Horrell Capital Management Inc. Sells 417 Shares of AutoZone, Inc. (NYSE:AZO)

Horrell Capital Management Inc. lessened its position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 10.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,759 shares of the company's stock after selling 417 shares during the quarter. AutoZone comprises approximately 3.5% of Horrell Capital Management Inc.'s portfolio, making the stock its 5th largest position. Horrell Capital Management Inc.'s holdings in AutoZone were worth $11,841,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. increased its holdings in AutoZone by 50.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 15 shares of the company's stock valued at $44,000 after purchasing an additional 5 shares during the last quarter. Carolina Wealth Advisors LLC acquired a new stake in AutoZone in the 3rd quarter valued at approximately $47,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in AutoZone in the 2nd quarter valued at approximately $50,000. ORG Partners LLC acquired a new stake in AutoZone in the 2nd quarter valued at approximately $50,000. Finally, UMB Bank n.a. increased its holdings in AutoZone by 33.3% in the 2nd quarter. UMB Bank n.a. now owns 28 shares of the company's stock valued at $83,000 after purchasing an additional 7 shares during the last quarter. Hedge funds and other institutional investors own 92.74% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wedbush restated an "outperform" rating and issued a $3,200.00 price target on shares of AutoZone in a research note on Thursday, September 19th. Evercore ISI boosted their price target on shares of AutoZone from $3,300.00 to $3,350.00 and gave the stock an "outperform" rating in a research note on Thursday, October 3rd. Redburn Atlantic upgraded shares of AutoZone to a "strong-buy" rating in a research note on Tuesday, October 1st. Truist Financial boosted their price target on shares of AutoZone from $3,341.00 to $3,501.00 and gave the stock a "buy" rating in a research note on Monday, October 14th. Finally, BNP Paribas upgraded shares of AutoZone to a "strong-buy" rating in a research note on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have given a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $3,202.71.

Insider Transactions at AutoZone

In other AutoZone news, VP John Scott Murphy sold 1,580 shares of the company's stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $3,107.69, for a total transaction of $4,910,150.20. Following the transaction, the vice president now directly owns 1,218 shares in the company, valued at approximately $3,785,166.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other AutoZone news, VP John Scott Murphy sold 1,580 shares of the company's stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $3,107.69, for a total transaction of $4,910,150.20. Following the transaction, the vice president now directly owns 1,218 shares in the company, valued at approximately $3,785,166.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman William C. Rhodes III sold 13,000 shares of the company's stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $3,107.15, for a total transaction of $40,392,950.00. Following the transaction, the chairman now owns 13,857 shares in the company, valued at $43,055,777.55. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,880 shares of company stock worth $46,225,660 over the last ninety days. 2.50% of the stock is currently owned by company insiders.

AutoZone Trading Down 1.5 %

Shares of AutoZone stock traded down $45.04 on Tuesday, reaching $3,060.89. 104,468 shares of the stock were exchanged, compared to its average volume of 138,857. AutoZone, Inc. has a 1-year low of $2,448.80 and a 1-year high of $3,256.37. The business has a fifty day moving average price of $3,131.62 and a two-hundred day moving average price of $3,010.94. The firm has a market capitalization of $52.29 billion, a PE ratio of 20.45, a PEG ratio of 1.59 and a beta of 0.70.

AutoZone (NYSE:AZO - Get Free Report) last issued its quarterly earnings results on Tuesday, September 24th. The company reported $48.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $53.31 by ($5.20). AutoZone had a negative return on equity of 52.99% and a net margin of 14.40%. The firm had revenue of $6.21 billion for the quarter, compared to analyst estimates of $6.25 billion. During the same quarter last year, the firm earned $46.46 earnings per share. The company's revenue was up 9.0% compared to the same quarter last year. Research analysts expect that AutoZone, Inc. will post 157.99 EPS for the current year.

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.