Public Employees Retirement Association of Colorado Decreases Stake in AutoZone, Inc. (NYSE:AZO)

Public Employees Retirement Association of Colorado reduced its stake in shares of AutoZone, Inc. (NYSE:AZO) by 4.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,295 shares of the company’s stock after selling 96 shares during the period. Public Employees Retirement Association of Colorado’s holdings in AutoZone were worth $7,349,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in shares of AutoZone during the 4th quarter worth $29,000. Flagship Wealth Advisors LLC purchased a new stake in shares of AutoZone during the 4th quarter worth $32,000. Harbour Investments Inc. boosted its position in shares of AutoZone by 42.9% in the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock worth $32,000 after buying an additional 3 shares in the last quarter. Crews Bank & Trust purchased a new stake in shares of AutoZone in the 4th quarter worth about $61,000. Finally, McIlrath & Eck LLC boosted its position in shares of AutoZone by 25.0% in the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after buying an additional 4 shares in the last quarter. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on AZO shares. Barclays boosted their price objective on shares of AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. JPMorgan Chase & Co. boosted their price objective on shares of AutoZone from $3,775.00 to $3,830.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Mizuho boosted their price objective on shares of AutoZone from $3,600.00 to $3,740.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. BMO Capital Markets boosted their price objective on shares of AutoZone from $3,700.00 to $3,850.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Finally, Roth Mkm upped their target price on shares of AutoZone from $3,634.00 to $3,763.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Four investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, AutoZone presently has an average rating of “Buy” and a consensus price target of $3,724.00.

AutoZone Trading Up 0.3 %

NYSE:AZO opened at $3,619.52 on Tuesday. The firm has a market capitalization of $60.74 billion, a price-to-earnings ratio of 24.18, a PEG ratio of 1.86 and a beta of 0.54. The firm’s fifty day simple moving average is $3,595.74 and its 200 day simple moving average is $3,365.80. AutoZone, Inc. has a twelve month low of $2,728.97 and a twelve month high of $3,916.81.

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

Insiders Place Their Bets

In other news, VP Domingo Hurtado sold 4,800 shares of the company’s stock in a transaction dated Tuesday, April 22nd. The shares were sold at an average price of $3,660.00, for a total value of $17,568,000.00. Following the sale, the vice president now owns 159 shares in the company, valued at approximately $581,940. This represents a 96.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Philip B. Daniele sold 2,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 163 shares in the company, valued at approximately $619,401.63. This trade represents a 92.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,521 shares of company stock worth $42,177,331 in the last quarter. 2.10% of the stock is owned by corporate insiders.

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.