Kentucky Retirement Systems Insurance Trust Fund Buys 699 Shares of AutoZone, Inc. (NYSE:AZO)

Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 138.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,205 shares of the company's stock after acquiring an additional 699 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in AutoZone were worth $3,858,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in AZO. Capital Performance Advisors LLP acquired a new stake in AutoZone during the 3rd quarter worth approximately $36,000. Carolina Wealth Advisors LLC acquired a new stake in AutoZone during the 3rd quarter worth approximately $47,000. Darwin Wealth Management LLC acquired a new stake in AutoZone during the 3rd quarter worth approximately $47,000. Crews Bank & Trust acquired a new stake in AutoZone during the 4th quarter worth approximately $61,000. Finally, McIlrath & Eck LLC lifted its holdings in AutoZone by 25.0% during the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company's stock worth $63,000 after purchasing an additional 4 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AZO has been the subject of several research reports. Wells Fargo & Company lifted their price target on AutoZone from $3,450.00 to $3,750.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. Citigroup lifted their price objective on AutoZone from $3,500.00 to $3,900.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Mizuho lifted their price objective on AutoZone from $3,350.00 to $3,600.00 and gave the company an "outperform" rating in a 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. Finally, Truist Financial lifted their price objective on AutoZone from $3,501.00 to $3,753.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. One equities research 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 MarketBeat.com, AutoZone has a consensus rating of "Moderate Buy" and an average target price of $3,429.84.

AutoZone Price Performance

AZO stock traded down $40.52 during midday trading on Friday, reaching $3,366.15. 87,526 shares of the stock were exchanged, compared to its average volume of 102,024. The stock has a market capitalization of $56.49 billion, a PE ratio of 22.49, a P/E/G ratio of 1.88 and a beta of 0.70. AutoZone, Inc. has a 52 week low of $2,708.09 and a 52 week high of $3,484.42. The company has a fifty day moving average price of $3,321.62 and a 200 day moving average price of $3,206.32.

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

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.