Dean Capital Management Increases Stock Holdings in AutoZone, Inc. (NYSE:AZO)

Dean Capital Management increased its stake in shares of AutoZone, Inc. (NYSE:AZOFree Report) by 19.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 488 shares of the company’s stock after purchasing an additional 79 shares during the quarter. Dean Capital Management’s holdings in AutoZone were worth $1,262,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Rock Creek Group LP acquired a new position in AutoZone in the third quarter valued at $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in AutoZone in the 4th quarter valued at about $54,000. Private Wealth Management Group LLC purchased a new stake in AutoZone during the 4th quarter valued at approximately $54,000. Tacita Capital Inc lifted its position in AutoZone by 20.8% during the 3rd quarter. Tacita Capital Inc now owns 29 shares of the company’s stock worth $74,000 after acquiring an additional 5 shares during the period. Finally, Creative Financial Designs Inc. ADV grew its stake in shares of AutoZone by 50.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 30 shares of the company’s stock valued at $78,000 after purchasing an additional 10 shares during the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

AutoZone Price Performance

AZO stock traded down $9.95 during midday trading on Tuesday, reaching $2,771.00. 9,189 shares of the company’s stock traded hands, compared to its average volume of 152,616. AutoZone, Inc. has a fifty-two week low of $2,375.35 and a fifty-two week high of $3,256.37. The business has a 50-day moving average price of $2,922.14 and a two-hundred day moving average price of $2,838.33. The company has a market capitalization of $47.99 billion, a P/E ratio of 19.21, a PEG ratio of 1.40 and a beta of 0.71.

AutoZone (NYSE:AZOGet Free Report) last issued its earnings results on Tuesday, May 21st. The company reported $36.69 earnings per share for the quarter, topping the consensus estimate of $35.67 by $1.02. The company had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.29 billion. AutoZone had a negative return on equity of 54.69% and a net margin of 14.60%. The company’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $34.12 earnings per share. As a group, research analysts forecast that AutoZone, Inc. will post 151.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AZO shares. DA Davidson increased their price target on AutoZone from $2,770.00 to $3,025.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. UBS Group dropped their price objective on AutoZone from $3,465.00 to $3,340.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. Barclays decreased their target price on shares of AutoZone from $3,100.00 to $3,024.00 and set an “overweight” rating on the stock in a research report on Thursday, May 23rd. Truist Financial reduced their price objective on shares of AutoZone from $3,523.00 to $3,394.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd. Finally, Citigroup reduced their price objective on AutoZone from $3,420.00 to $3,250.00 and set a “buy” rating on the stock in a research report on Wednesday, May 22nd. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $3,104.13.

Get Our Latest Research Report on AutoZone

Insiders Place Their Bets

In other AutoZone news, Chairman William C. Rhodes III sold 6,700 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $3,190.22, for a total transaction of $21,374,474.00. Following the transaction, the chairman now directly owns 15,357 shares in the company, valued at approximately $48,992,208.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Philip B. Daniele sold 4,190 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $3,161.68, for a total transaction of $13,247,439.20. Following the transaction, the chief executive officer now directly owns 900 shares of the company’s stock, valued at $2,845,512. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman William C. Rhodes III sold 6,700 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $3,190.22, for a total transaction of $21,374,474.00. Following the completion of the sale, the chairman now directly owns 15,357 shares of the company’s stock, valued at approximately $48,992,208.54. The disclosure for this sale can be found here. Insiders have sold 12,990 shares of company stock worth $41,341,913 in the last three months. 2.50% of the stock is owned by insiders.

AutoZone Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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