New York State Common Retirement Fund Reduces Holdings in AutoZone, Inc. (NYSE:AZO)

New York State Common Retirement Fund lessened its holdings in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 6.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,364 shares of the company's stock after selling 1,800 shares during the period. New York State Common Retirement Fund owned 0.16% of AutoZone worth $86,198,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of AZO. Quent Capital LLC boosted its stake in AutoZone by 4.8% in the 1st quarter. Quent Capital LLC now owns 88 shares of the company's stock worth $277,000 after purchasing an additional 4 shares in the last quarter. Mather Group LLC. boosted its stake in AutoZone by 1.8% in the 2nd quarter. Mather Group LLC. now owns 224 shares of the company's stock worth $706,000 after purchasing an additional 4 shares in the last quarter. Conning Inc. boosted its stake in AutoZone by 4.3% in the 2nd quarter. Conning Inc. now owns 98 shares of the company's stock worth $290,000 after purchasing an additional 4 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in AutoZone by 14.3% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 32 shares of the company's stock worth $95,000 after purchasing an additional 4 shares in the last quarter. Finally, Brighton Jones LLC boosted its stake in AutoZone by 4.1% in the 2nd quarter. Brighton Jones LLC now owns 101 shares of the company's stock worth $299,000 after purchasing an additional 4 shares in the last quarter. Institutional investors own 92.74% of the company's stock.

Insider Buying and Selling at AutoZone

In other AutoZone news, Chairman William C. Rhodes III sold 300 shares of the stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $3,075.20, for a total transaction of $922,560.00. Following the completion of the sale, the chairman now directly owns 13,857 shares of the company's stock, valued at $42,613,046.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Chairman William C. Rhodes III sold 13,000 shares of the firm's stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $3,107.15, for a total value of $40,392,950.00. Following the completion of the transaction, the chairman now directly owns 13,857 shares of the company's stock, valued at approximately $43,055,777.55. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman William C. Rhodes III sold 300 shares of the firm's stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $3,075.20, for a total transaction of $922,560.00. Following the completion of the transaction, the chairman now directly owns 13,857 shares of the company's stock, valued at approximately $42,613,046.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,880 shares of company stock valued at $46,225,660 in the last three months. 2.50% of the stock is currently owned by corporate insiders.

AutoZone Trading Down 0.9 %

NYSE AZO traded down $27.81 on Friday, reaching $2,981.19. 127,168 shares of the stock were exchanged, compared to its average volume of 138,748. AutoZone, Inc. has a one year low of $2,491.50 and a one year high of $3,256.37. The firm has a market capitalization of $50.39 billion, a PE ratio of 19.91, a PEG ratio of 1.53 and a beta of 0.71. The company's 50-day simple moving average is $3,119.23 and its two-hundred day simple moving average is $3,012.92.

AutoZone (NYSE:AZO - Get Free Report) last released its earnings results on Tuesday, September 24th. The company reported $48.11 EPS for the quarter, missing analysts' consensus estimates of $53.31 by ($5.20). AutoZone had a negative return on equity of 52.99% and a net margin of 14.40%. The firm had revenue of $6.21 billion for the quarter, compared to the consensus estimate of $6.25 billion. During the same quarter in the previous year, the business posted $46.46 EPS. AutoZone's revenue was up 9.0% on a year-over-year basis. Sell-side analysts forecast that AutoZone, Inc. will post 158.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AZO shares. Mizuho upped their price target on shares of AutoZone from $3,280.00 to $3,350.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 25th. Truist Financial raised their price target on shares of AutoZone from $3,341.00 to $3,501.00 and gave the company a "buy" rating in a report on Monday, October 14th. Roth Capital raised shares of AutoZone to a "strong-buy" rating in a report on Tuesday, October 15th. The Goldman Sachs Group downgraded shares of AutoZone from a "buy" rating to a "sell" rating and dropped their price target for the company from $3,205.00 to $2,917.00 in a report on Monday, October 14th. Finally, DA Davidson reaffirmed a "neutral" rating and set a $3,025.00 price target on shares of AutoZone in a report on Monday, September 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $3,202.71.

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.