AutoZone, Inc. (NYSE:AZO) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama trimmed its holdings in AutoZone, Inc. (NYSE:AZO - Free Report) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,660 shares of the company's stock after selling 78 shares during the quarter. Retirement Systems of Alabama's holdings in AutoZone were worth $11,719,000 at the end of the most recent reporting period.

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

AutoZone Price Performance

Shares of NYSE:AZO traded up $20.90 during mid-day trading on Tuesday, reaching $3,448.45. 82,947 shares of the company were exchanged, compared to its average volume of 107,542. The firm has a market cap of $57.86 billion, a price-to-earnings ratio of 23.04, a P/E/G ratio of 1.92 and a beta of 0.70. The firm's 50-day simple moving average is $3,297.17 and its 200 day simple moving average is $3,188.22. AutoZone, Inc. has a 1 year low of $2,672.31 and a 1 year high of $3,484.42.

AutoZone (NYSE:AZO - Get Free Report) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 EPS 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 business had revenue of $4.28 billion during the quarter, compared to analysts' expectations of $4.30 billion. During the same period in the prior year, the business earned $32.55 EPS. The business's quarterly revenue was up 2.1% on a year-over-year basis. On average, research analysts forecast that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

AZO has been the topic of several recent analyst reports. Roth Capital raised shares of AutoZone to a "strong-buy" rating in a research note on Tuesday, October 15th. Roth Mkm reissued a "buy" rating and set a $3,634.00 target price on shares of AutoZone in a research note on Wednesday, October 16th. TD Cowen increased their target price on shares of AutoZone from $3,450.00 to $3,800.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. Mizuho increased their target price on shares of AutoZone from $3,350.00 to $3,600.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Finally, BMO Capital Markets initiated coverage on shares of AutoZone in a research note on Friday, December 13th. They set an "outperform" rating and a $3,700.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, AutoZone has an average 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.