California State Teachers Retirement System Sells 535 Shares of AutoZone, Inc. (NYSE:AZO)

California State Teachers Retirement System reduced its holdings in AutoZone, Inc. (NYSE:AZO) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,043 shares of the company’s stock after selling 535 shares during the quarter. California State Teachers Retirement System owned 0.16% of AutoZone worth $86,592,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of AZO. Headlands Technologies LLC bought 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 AutoZone during the fourth quarter valued at approximately $32,000. Harbour Investments Inc. increased its stake in shares of AutoZone by 42.9% in the 4th quarter. Harbour Investments Inc. now owns 10 shares of the company’s stock worth $32,000 after purchasing an additional 3 shares in the last quarter. Crews Bank & Trust bought a new position in shares of AutoZone in the fourth quarter worth approximately $61,000. Finally, McIlrath & Eck LLC boosted its stake in shares of 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 during the period. 92.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AZO shares. Argus lowered AutoZone from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. Wells Fargo & Company upped their target price on AutoZone from $3,750.00 to $3,850.00 and gave the company an “overweight” rating in a report on Wednesday, March 5th. Roth Capital set a $3,763.00 target price on AutoZone in a report on Wednesday, March 5th. BMO Capital Markets raised their price objective on shares of AutoZone from $3,700.00 to $3,850.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Finally, Mizuho raised their price objective on shares of AutoZone from $3,600.00 to $3,740.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Four research analysts have rated the stock with a hold rating, seventeen have given a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, AutoZone has a consensus rating of “Buy” and an average price target of $3,724.00.

AutoZone Price Performance

AutoZone stock opened at $3,619.52 on Tuesday. AutoZone, Inc. has a 1-year low of $2,728.97 and a 1-year high of $3,916.81. The business has a fifty day moving average price of $3,595.74 and a 200-day moving average price of $3,365.80. The stock has a market capitalization of $60.74 billion, a price-to-earnings ratio of 24.18, a PEG ratio of 1.86 and a beta of 0.54.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, March 4th. The company reported $28.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $29.11 by ($0.82). The firm had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.98 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. On average, equities research analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP K. Michelle Borninkhof sold 136 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $3,550.08, for a total transaction of $482,810.88. Following the transaction, the senior vice president now owns 403 shares of the company’s stock, valued at approximately $1,430,682.24. This trade represents a 25.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Bailey L. Childress sold 160 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the transaction, the senior vice president now directly owns 50 shares of the company’s stock, valued at approximately $177,500. This trade represents a 76.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,521 shares of company stock valued at $42,177,331 over the last three months. 2.10% of the stock is currently owned by company insiders.

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.