Beddow Capital Management Inc. Sells 5 Shares of AutoZone, Inc. (NYSE:AZO)

Beddow Capital Management Inc. reduced its position in AutoZone, Inc. (NYSE:AZO) by 1.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 415 shares of the company’s stock after selling 5 shares during the period. Beddow Capital Management Inc.’s holdings in AutoZone were worth $1,329,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Flagship Wealth Advisors LLC bought a new stake in shares of AutoZone in the 4th quarter valued at about $32,000. Harbour Investments Inc. boosted its holdings in shares of AutoZone by 42.9% in the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock valued at $32,000 after buying an additional 3 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in shares of AutoZone in the 3rd quarter valued at about $47,000. Crews Bank & Trust bought a new stake in shares of AutoZone in the 4th quarter valued at about $61,000. Finally, McIlrath & Eck LLC boosted its stake in AutoZone by 25.0% in the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after purchasing an additional 4 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors.

Insider Activity at AutoZone

In other AutoZone news, SVP K. Michelle Borninkhof sold 136 shares of AutoZone stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $3,550.08, for a total transaction of $482,810.88. Following the sale, the senior vice president now owns 403 shares of the company’s stock, valued at $1,430,682.24. The trade was a 25.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Richard Craig Smith sold 2,850 shares of AutoZone stock in a transaction on Thursday, March 20th. The stock was 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 trade represents a 49.36 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,721 shares of company stock valued at $17,009,311. 2.10% of the stock is owned by company insiders.

AutoZone Stock Performance

AutoZone stock opened at $3,605.88 on Friday. The company’s fifty day moving average price is $3,433.28 and its 200 day moving average price is $3,257.92. AutoZone, Inc. has a 1 year low of $2,728.97 and a 1 year high of $3,704.43. The stock has a market capitalization of $60.51 billion, a P/E ratio of 24.09, a P/E/G ratio of 1.86 and a beta of 0.71.

AutoZone (NYSE:AZO) last released 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). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The company had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.98 billion. Sell-side analysts predict that AutoZone, Inc. will post 152.94 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AZO shares. 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. Roth Mkm lifted their target price on shares of AutoZone from $3,634.00 to $3,763.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Mizuho lifted their target price on shares of AutoZone from $3,600.00 to $3,740.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Morgan Stanley lifted their target price on shares of AutoZone from $3,490.00 to $3,750.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. Finally, TD Cowen lifted their target price on shares of AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, sixteen have assigned a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, AutoZone has an average 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.