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

Kentucky Retirement Systems reduced its position in shares of AutoZone, Inc. (NYSE:AZO) by 1.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,174 shares of the company’s stock after selling 16 shares during the quarter. Kentucky Retirement Systems’ holdings in AutoZone were worth $3,759,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in shares of AutoZone by 127.0% in the 3rd quarter. Blue Trust Inc. now owns 84 shares of the company’s stock worth $249,000 after purchasing an additional 47 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in AutoZone by 22.3% in the third quarter. Sequoia Financial Advisors LLC now owns 542 shares of the company’s stock worth $1,707,000 after buying an additional 99 shares during the last quarter. Eastern Bank bought a new position in shares of AutoZone in the third quarter valued at $265,000. Great Lakes Retirement Inc. increased its holdings in shares of AutoZone by 10.1% in the third quarter. Great Lakes Retirement Inc. now owns 413 shares of the company’s stock valued at $1,301,000 after buying an additional 38 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of AutoZone by 3.0% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 626 shares of the company’s stock valued at $1,972,000 after acquiring an additional 18 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AZO has been the topic of a number of recent research reports. BMO Capital Markets began coverage on AutoZone in a report on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 target price on the stock. TD Cowen lifted their price target on AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Citigroup upped their price objective on shares of AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. 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 report on Wednesday, December 11th. Finally, Truist Financial upped their price target on shares of AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $3,429.84.

AutoZone Price Performance

Shares of AZO stock opened at $3,366.15 on Friday. AutoZone, Inc. has a fifty-two week low of $2,708.09 and a fifty-two week high of $3,484.42. The stock’s 50-day moving average is $3,321.62 and its two-hundred day moving average is $3,206.32. The firm has a market cap of $56.49 billion, a P/E ratio of 22.49, a PEG ratio of 1.88 and a beta of 0.70.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) 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%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $32.55 earnings per share. As a group, research analysts expect that AutoZone, Inc. will post 152.94 EPS for the current year.

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.