AutoZone, Inc. (NYSE:AZO) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System reduced its position in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 10.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 900 shares of the company's stock after selling 100 shares during the quarter. Louisiana State Employees Retirement System's holdings in AutoZone were worth $2,882,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of AZO. CWM LLC lifted its holdings in AutoZone by 27.2% during the third quarter. CWM LLC now owns 435 shares of the company's stock valued at $1,371,000 after purchasing an additional 93 shares in the last quarter. CX Institutional raised its position in shares of AutoZone by 3.7% during the 3rd quarter. CX Institutional now owns 198 shares of the company's stock worth $624,000 after purchasing an additional 7 shares during the last quarter. Creative Planning lifted its stake 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 buying an additional 97 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new position in AutoZone in the 3rd quarter valued at about $227,000. Finally, Carderock Capital Management Inc. acquired a new stake in AutoZone in the 3rd quarter worth about $205,000. 92.74% of the stock is currently owned by institutional investors and hedge funds.

AutoZone Trading Down 0.2 %

AZO stock traded down $7.77 during midday trading on Monday, hitting $3,461.94. 77,024 shares of the company's stock were exchanged, compared to its average volume of 103,996. The stock has a market capitalization of $58.09 billion, a PE ratio of 23.13, a P/E/G 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. The business has a 50-day simple moving average of $3,315.89 and a two-hundred day simple moving average of $3,198.06.

AutoZone (NYSE:AZO - Get Free Report) last posted 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). 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 analysts' expectations 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, research analysts expect that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Argus increased their target price on AutoZone from $3,560.00 to $3,678.00 and gave the company a "buy" rating in a report on Thursday, January 2nd. Barclays increased their price objective on AutoZone from $3,024.00 to $3,585.00 and gave the company an "overweight" rating in a research note on Thursday, January 9th. Evercore ISI lifted their target price on shares of AutoZone from $3,400.00 to $3,450.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Truist Financial upped their target price on shares of AutoZone from $3,501.00 to $3,753.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Finally, Guggenheim raised their price target on shares of AutoZone from $3,350.00 to $3,750.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.