AutoZone, Inc. (NYSE:AZO) Stock Holdings Increased by Dean Capital Management

Dean Capital Management boosted its holdings in AutoZone, Inc. (NYSE:AZO) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 540 shares of the company’s stock after buying an additional 32 shares during the quarter. Dean Capital Management’s holdings in AutoZone were worth $1,729,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AZO. Headlands Technologies LLC acquired a new stake in shares of AutoZone during the fourth quarter worth $29,000. Flagship Wealth Advisors LLC acquired a new position in AutoZone in the 4th quarter worth about $32,000. Harbour Investments Inc. raised its stake in shares of 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 in the last quarter. Itau Unibanco Holding S.A. lifted its holdings in shares of AutoZone by 750.0% during the 4th quarter. Itau Unibanco Holding S.A. now owns 17 shares of the company’s stock valued at $54,000 after buying an additional 15 shares during the last quarter. Finally, Crews Bank & Trust bought a new stake in shares of AutoZone in the 4th quarter valued at approximately $61,000. Institutional investors own 92.74% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Mizuho lifted their target price on shares of AutoZone from $3,600.00 to $3,740.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Bank of America upped their price objective on shares of AutoZone from $3,600.00 to $3,700.00 and gave the stock a “neutral” rating in a report on Wednesday, March 5th. Roth Capital set a $3,763.00 price target on AutoZone in a research report on Wednesday, March 5th. The Goldman Sachs Group raised AutoZone from a “sell” rating to a “neutral” rating and increased their price objective for the company from $3,044.00 to $3,811.00 in a report on Tuesday, April 1st. Finally, Wedbush reaffirmed an “outperform” rating and set a $3,700.00 target price on shares of AutoZone in a research report on Wednesday, March 5th. Four analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $3,821.91.

Insider Buying and Selling

In other AutoZone news, VP Richard Craig Smith sold 2,850 shares of the business’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $3,610.00, for a total value of $10,288,500.00. Following the completion of the transaction, the vice president now directly owns 2,924 shares of the company’s stock, valued at approximately $10,555,640. The trade was a 49.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Philip B. Daniele sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $3,800.01, for a total transaction of $7,600,020.00. Following the sale, the chief executive officer now directly owns 163 shares in the company, valued at $619,401.63. This trade represents a 92.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,521 shares of company stock worth $42,177,331 in the last three months. Insiders own 2.10% of the company’s stock.

AutoZone Stock Performance

Shares of NYSE:AZO opened at $3,746.18 on Wednesday. The company’s fifty day moving average is $3,636.76 and its 200-day moving average is $3,389.32. AutoZone, Inc. has a 52 week low of $2,728.97 and a 52 week high of $3,916.81. The company has a market capitalization of $62.87 billion, a PE ratio of 25.03, a P/E/G ratio of 1.86 and a beta of 0.44.

AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing analysts’ consensus estimates of $29.11 by ($0.82). The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.98 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. On average, analysts forecast that AutoZone, Inc. will post 152.94 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.