State of Alaska Department of Revenue Has $9.38 Million Stock Holdings in AutoZone, Inc. (NYSE:AZO)

State of Alaska Department of Revenue cut its holdings in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 18.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,930 shares of the company's stock after selling 647 shares during the period. State of Alaska Department of Revenue's holdings in AutoZone were worth $9,381,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AZO. Capital Performance Advisors LLP acquired a new stake in shares of AutoZone in the third quarter valued at about $36,000. Carolina Wealth Advisors LLC acquired a new position in AutoZone during the third quarter worth approximately $47,000. Darwin Wealth Management LLC bought a new stake in shares of AutoZone during the third quarter worth approximately $47,000. Crews Bank & Trust bought a new stake in shares of AutoZone during the fourth quarter worth approximately $61,000. Finally, McIlrath & Eck LLC boosted its holdings in shares of AutoZone by 25.0% during the third quarter. McIlrath & Eck LLC now owns 20 shares of the company's stock worth $63,000 after acquiring an additional 4 shares during the period. 92.74% of the stock is currently owned by institutional investors.

AutoZone Price Performance

Shares of NYSE AZO traded up $9.94 during mid-day trading on Monday, hitting $3,430.13. 31,253 shares of the stock traded hands, compared to its average volume of 106,935. AutoZone, Inc. has a twelve month low of $2,672.31 and a twelve month high of $3,484.42. The company has a market cap of $57.56 billion, a PE ratio of 22.91, a price-to-earnings-growth ratio of 1.92 and a beta of 0.70. The firm has a 50 day simple moving average of $3,292.17 and a two-hundred day simple moving average of $3,185.47.

AutoZone (NYSE:AZO - Get Free Report) last released its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 earnings per share for the quarter, missing the consensus estimate of $33.69 by ($1.17). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The firm had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the business earned $32.55 EPS. The company's revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AZO shares. The Goldman Sachs Group cut AutoZone from a "buy" rating to a "sell" rating and reduced their price objective for the stock from $3,205.00 to $2,917.00 in a report on Monday, October 14th. Citigroup boosted their price objective on AutoZone from $3,500.00 to $3,900.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. BMO Capital Markets started 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. Roth Mkm restated a "buy" rating and set a $3,634.00 price objective on shares of AutoZone in a report on Wednesday, October 16th. Finally, Wells Fargo & Company boosted their price target on AutoZone from $3,450.00 to $3,750.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock 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.