New York State Teachers Retirement System Trims Stock Position in AutoZone, Inc. (NYSE:AZO)

New York State Teachers Retirement System lowered its holdings in AutoZone, Inc. (NYSE:AZO - Free Report) by 6.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,475 shares of the company's stock after selling 941 shares during the quarter. New York State Teachers Retirement System owned 0.09% of AutoZone worth $46,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

AutoZone Trading Up 0.4 %

Shares of NYSE AZO traded up $13.73 during midday trading on Wednesday, reaching $3,398.16. The company had a trading volume of 84,732 shares, compared to its average volume of 103,451. The business's 50-day simple moving average is $3,319.35 and its 200 day simple moving average is $3,201.75. The stock has a market cap of $57.02 billion, a P/E ratio of 22.70, a P/E/G ratio of 1.91 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 - Get Free Report) last issued its earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $33.69 by ($1.17). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The firm had revenue of $4.28 billion during the quarter, compared to analysts' expectations of $4.30 billion. During the same quarter last year, the business earned $32.55 EPS. The business's revenue was up 2.1% on a year-over-year basis. Analysts predict that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AZO shares. Evercore ISI lifted their target price on AutoZone from $3,400.00 to $3,450.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. TD Cowen lifted their price objective on AutoZone from $3,450.00 to $3,800.00 and gave the company a "buy" rating in a report on Monday, December 16th. Argus boosted their price target on shares of AutoZone from $3,560.00 to $3,678.00 and gave the company a "buy" rating in a report on Thursday, January 2nd. Truist Financial boosted their price target on shares of AutoZone from $3,501.00 to $3,753.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Finally, Mizuho upped their target price on AutoZone from $3,350.00 to $3,600.00 and gave the stock an "outperform" rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $3,429.84.

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.