AutoZone, Inc. (NYSE:AZO) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its holdings in AutoZone, Inc. (NYSE:AZO) by 6.1% in the 4th quarter, HoldingsChannel reports. The fund owned 14,475 shares of the company’s stock after selling 941 shares during the period. New York State Teachers Retirement System’s holdings in AutoZone were worth $46,349,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AZO. Creative Planning raised its holdings in AutoZone by 4.0% in the 3rd quarter. Creative Planning now owns 2,519 shares of the company’s stock valued at $7,933,000 after acquiring an additional 97 shares during the last quarter. Bleakley Financial Group LLC raised its holdings in AutoZone by 5.3% in the 3rd quarter. Bleakley Financial Group LLC now owns 475 shares of the company’s stock valued at $1,496,000 after acquiring an additional 24 shares during the last quarter. Trust Co. of Vermont raised its holdings in AutoZone by 3.5% in the 3rd quarter. Trust Co. of Vermont now owns 497 shares of the company’s stock valued at $1,566,000 after acquiring an additional 17 shares during the last quarter. Ellsworth Advisors LLC acquired a new position in AutoZone in the 3rd quarter valued at $246,000. Finally, M3 Advisory Group LLC acquired a new stake in shares of AutoZone during the 3rd quarter worth $255,000. 92.74% of the stock is currently owned by institutional investors and hedge funds.

AutoZone Price Performance

NYSE:AZO opened at $3,461.94 on Friday. The firm has a 50-day moving average of $3,312.82 and a two-hundred day moving average of $3,194.34. The stock has a market cap of $58.09 billion, a P/E ratio of 23.13, a PEG ratio of 1.92 and a beta of 0.70. AutoZone, Inc. has a 1-year low of $2,680.96 and a 1-year high of $3,484.42.

AutoZone (NYSE:AZO) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 EPS for the quarter, missing the consensus estimate of $33.69 by ($1.17). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The company had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the previous year, the business posted $32.55 EPS. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities analysts expect that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Wall Street Analyst Weigh In

AZO has been the subject of a number of research analyst reports. Argus upped their price objective on AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. BMO Capital Markets initiated coverage on AutoZone in a report on Friday, December 13th. They set an “outperform” rating and a $3,700.00 price objective for the company. TD Cowen upped their price objective on AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Barclays upped their price objective on AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Finally, Evercore ISI upped their price objective on AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, AutoZone presently has a consensus rating of “Moderate Buy” and an average target price of $3,429.84.

AutoZone Company 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.