State of New Jersey Common Pension Fund D Sells 118 Shares of AutoZone, Inc. (NYSE:AZO)

State of New Jersey Common Pension Fund D lowered its stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,209 shares of the company's stock after selling 118 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in AutoZone were worth $19,881,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Creative Planning boosted its position in AutoZone by 4.0% in the third quarter. Creative Planning now owns 2,519 shares of the company's stock worth $7,933,000 after purchasing an additional 97 shares during the last quarter. Blue Trust Inc. boosted its position in AutoZone by 127.0% in the third quarter. Blue Trust Inc. now owns 84 shares of the company's stock worth $249,000 after purchasing an additional 47 shares during the last quarter. Crew Capital Management Ltd. boosted its position in AutoZone by 13.6% in the third quarter. Crew Capital Management Ltd. now owns 326 shares of the company's stock worth $1,027,000 after purchasing an additional 39 shares during the last quarter. Castleview Partners LLC boosted its position in AutoZone by 2.9% in the third quarter. Castleview Partners LLC now owns 354 shares of the company's stock worth $1,115,000 after purchasing an additional 10 shares during the last quarter. Finally, Toth Financial Advisory Corp boosted its position in AutoZone by 4.7% in the third quarter. Toth Financial Advisory Corp now owns 2,356 shares of the company's stock worth $7,421,000 after purchasing an additional 105 shares during the last quarter. Institutional investors own 92.74% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AZO. Wells Fargo & Company boosted their price objective on AutoZone from $3,450.00 to $3,750.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. Truist Financial upped their price target on AutoZone from $3,501.00 to $3,753.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Guggenheim upped their price target on AutoZone from $3,350.00 to $3,750.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Mizuho upped their price target on AutoZone from $3,350.00 to $3,600.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. Finally, Evercore ISI upped their price target on AutoZone from $3,400.00 to $3,450.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $3,429.84.

AutoZone Price Performance

NYSE AZO traded down $40.52 during trading on Friday, reaching $3,366.15. The company's stock had a trading volume of 87,526 shares, 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. The firm has a fifty day moving average of $3,321.62 and a 200 day moving average of $3,206.32. AutoZone, Inc. has a one year low of $2,708.09 and a one year high of $3,484.42.

AutoZone (NYSE:AZO - Get Free Report) last announced its earnings results 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 business had revenue of $4.28 billion during 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%. AutoZone's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $32.55 earnings per share. Research analysts expect 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.