Dupont Capital Management Corp Sells 1,331 Shares of AutoZone, Inc. (NYSE:AZO)

Dupont Capital Management Corp lessened its position in AutoZone, Inc. (NYSE:AZO - Free Report) by 35.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,394 shares of the company's stock after selling 1,331 shares during the period. Dupont Capital Management Corp's holdings in AutoZone were worth $6,190,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in AZO. Moneta Group Investment Advisors LLC raised its holdings in AutoZone by 107,977.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 699,260 shares of the company's stock worth $1,724,500,000 after purchasing an additional 698,613 shares during the last quarter. Royal Bank of Canada raised its holdings in AutoZone by 368.0% during the 1st quarter. Royal Bank of Canada now owns 411,450 shares of the company's stock worth $841,242,000 after purchasing an additional 323,536 shares during the last quarter. Norges Bank bought a new stake in AutoZone during the 4th quarter worth about $658,788,000. Wellington Management Group LLP raised its holdings in AutoZone by 111.4% during the 3rd quarter. Wellington Management Group LLP now owns 335,190 shares of the company's stock worth $851,379,000 after purchasing an additional 176,623 shares during the last quarter. Finally, Vestor Capital LLC raised its holdings in AutoZone by 4,247.1% during the 2nd quarter. Vestor Capital LLC now owns 141,543 shares of the company's stock worth $352,918,000 after purchasing an additional 138,287 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company's stock.

Wall Street Analysts Forecast Growth

AZO has been the subject of a number of recent analyst reports. Barclays upped their price target on AutoZone from $2,779.00 to $3,100.00 and gave the company an "overweight" rating in a research note on Thursday, February 29th. Wedbush upped their price target on AutoZone from $2,950.00 to $3,400.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 28th. JPMorgan Chase & Co. upped their price target on AutoZone from $3,000.00 to $3,200.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 28th. William Blair reaffirmed an "outperform" rating on shares of AutoZone in a research report on Wednesday, December 13th. Finally, Evercore ISI upped their price target on AutoZone from $3,375.00 to $3,400.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 26th. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, AutoZone presently has a consensus rating of "Moderate Buy" and an average target price of $3,089.61.

AutoZone Price Performance

AZO stock traded down $21.14 during midday trading on Wednesday, reaching $3,148.90. 100,043 shares of the company were exchanged, compared to its average volume of 158,841. The business has a 50-day moving average price of $2,945.49 and a two-hundred day moving average price of $2,717.61. AutoZone, Inc. has a one year low of $2,277.88 and a one year high of $3,256.37. The firm has a market capitalization of $54.48 billion, a price-to-earnings ratio of 22.17, a price-to-earnings-growth ratio of 1.68 and a beta of 0.70.

AutoZone (NYSE:AZO - Get Free Report) last announced its earnings results on Tuesday, February 27th. The company reported $28.89 EPS for the quarter, beating the consensus estimate of $26.08 by $2.81. AutoZone had a negative return on equity of 56.06% and a net margin of 14.70%. The business had revenue of $3.86 billion for the quarter, compared to analysts' expectations of $4.32 billion. During the same period in the prior year, the business posted $24.64 earnings per share. The firm's revenue was up 4.6% on a year-over-year basis. As a group, analysts anticipate that AutoZone, Inc. will post 151.33 earnings per share for the current fiscal year.

Insider Activity at AutoZone

In other AutoZone news, COO Thomas B. Newbern sold 7,800 shares of the business's stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $2,551.62, for a total value of $19,902,636.00. Following the transaction, the chief operating officer now directly owns 2,519 shares of the company's stock, valued at $6,427,530.78. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director George R. Mrkonic, Jr. sold 414 shares of the company's stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $2,541.85, for a total transaction of $1,052,325.90. Following the transaction, the director now directly owns 3,470 shares of the company's stock, valued at $8,820,219.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Thomas B. Newbern sold 7,800 shares of the company's stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $2,551.62, for a total value of $19,902,636.00. Following the transaction, the chief operating officer now directly owns 2,519 shares in the company, valued at $6,427,530.78. The disclosure for this sale can be found here. Insiders have sold 27,797 shares of company stock worth $81,010,974 over the last ninety days. Insiders own 2.50% of the company's stock.

About AutoZone

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.