Teachers Retirement System of The State of Kentucky Sells 350 Shares of AutoZone, Inc. (NYSE:AZO)

Teachers Retirement System of The State of Kentucky trimmed its stake in AutoZone, Inc. (NYSE:AZO - Free Report) by 1.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 20,063 shares of the company's stock after selling 350 shares during the quarter. AutoZone makes up about 0.6% of Teachers Retirement System of The State of Kentucky's investment portfolio, making the stock its 22nd largest holding. Teachers Retirement System of The State of Kentucky owned about 0.12% of AutoZone worth $64,242,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AZO. Headlands Technologies LLC acquired a new position in shares of AutoZone during the fourth quarter valued at approximately $29,000. Flagship Wealth Advisors LLC bought a new stake in shares of AutoZone in the 4th quarter worth $32,000. Harbour Investments Inc. lifted its holdings in shares of AutoZone by 42.9% in the fourth quarter. Harbour Investments Inc. now owns 10 shares of the company's stock valued at $32,000 after buying an additional 3 shares during the period. Crews Bank & Trust bought a new position in AutoZone during the fourth quarter valued at about $61,000. Finally, McIlrath & Eck LLC raised its position in AutoZone by 25.0% in the third quarter. McIlrath & Eck LLC now owns 20 shares of the company's stock worth $63,000 after acquiring an additional 4 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors.

AutoZone Trading Down 0.8 %

AutoZone stock traded down $28.52 during trading hours on Wednesday, reaching $3,650.14. 114,369 shares of the company were exchanged, compared to its average volume of 132,574. AutoZone, Inc. has a 12 month low of $2,728.97 and a 12 month high of $3,916.81. The firm has a market cap of $61.26 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 1.86 and a beta of 0.54. The stock has a 50-day moving average of $3,584.12 and a 200 day moving average of $3,351.86.

AutoZone (NYSE:AZO - Get Free Report) last posted its earnings results on Tuesday, March 4th. The company reported $28.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $29.11 by ($0.82). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.98 billion. As a group, research analysts forecast that AutoZone, Inc. will post 152.94 EPS for the current year.

Insider Transactions at AutoZone

In other news, VP Dennis W. Leriche sold 1,575 shares of the company's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $3,600.00, for a total transaction of $5,670,000.00. Following the completion of the transaction, the vice president now directly owns 417 shares in the company, valued at $1,501,200. The trade was a 79.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Domingo Hurtado sold 4,800 shares of the stock in a transaction that occurred on Tuesday, April 22nd. The shares were sold at an average price of $3,660.00, for a total value of $17,568,000.00. Following the completion of the sale, the vice president now directly owns 159 shares of the company's stock, valued at $581,940. This represents a 96.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,521 shares of company stock worth $42,177,331. Company insiders own 2.10% of the company's stock.

Analysts Set New Price Targets

AZO has been the topic of several recent research reports. UBS Group lifted their price objective on shares of AutoZone from $3,875.00 to $4,025.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. The Goldman Sachs Group upgraded AutoZone from a "sell" rating to a "neutral" rating and increased their price objective for the company from $3,044.00 to $3,811.00 in a research report on Tuesday, April 1st. JPMorgan Chase & Co. boosted their target price on AutoZone from $3,775.00 to $3,830.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 5th. Barclays lifted their price target on AutoZone from $3,024.00 to $3,585.00 and gave the stock an "overweight" rating in a research note on Thursday, January 9th. Finally, Wells Fargo & Company upped their price objective on shares of AutoZone from $3,750.00 to $3,850.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. Five equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $3,724.00.

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.