Retirement Systems of Alabama Has $11.72 Million Stake in AutoZone, Inc. (NYSE:AZO)

Retirement Systems of Alabama lowered its stake in AutoZone, Inc. (NYSE:AZO) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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.

A number of other institutional investors also recently modified their holdings of AZO. Petredis Investment Advisors LLC increased its position in shares of AutoZone by 0.6% during the third quarter. Petredis Investment Advisors LLC now owns 710 shares of the company’s stock valued at $2,237,000 after buying an additional 4 shares during the period. Allworth Financial LP grew its stake in AutoZone by 5.0% during the third quarter. Allworth Financial LP now owns 84 shares of the company’s stock valued at $265,000 after acquiring an additional 4 shares in the last quarter. IVC Wealth Advisors LLC increased its holdings in AutoZone by 4.4% during the 3rd quarter. IVC Wealth Advisors LLC now owns 95 shares of the company’s stock worth $299,000 after acquiring an additional 4 shares during the period. Axxcess Wealth Management LLC grew its position in shares of AutoZone by 1.5% during the 3rd quarter. Axxcess Wealth Management LLC now owns 267 shares of the company’s stock valued at $841,000 after purchasing an additional 4 shares in the last quarter. Finally, Moors & Cabot Inc. increased its holdings in shares of AutoZone by 4.2% in the third quarter. Moors & Cabot Inc. now owns 99 shares of the company’s stock worth $312,000 after purchasing an additional 4 shares during the period. Institutional investors and hedge funds own 92.74% of the company’s stock.

AutoZone Stock Down 1.3 %

Shares of NYSE AZO opened at $3,420.42 on Friday. The firm’s fifty day moving average is $3,287.30 and its 200 day moving average is $3,178.73. AutoZone, Inc. has a 52 week low of $2,672.31 and a 52 week high of $3,484.42. The company has a market cap of $57.40 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 1.85 and a beta of 0.70.

AutoZone (NYSE:AZO) last released 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 firm had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.30 billion. AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. AutoZone’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $32.55 EPS. Equities research analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group lowered AutoZone from a “buy” rating to a “sell” rating and dropped their price objective for the company from $3,205.00 to $2,917.00 in a research note on Monday, October 14th. TD Cowen upped their price objective on shares of AutoZone from $3,450.00 to $3,800.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Citigroup lifted their target price on shares of AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Wells Fargo & Company increased their price target on shares of AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $3,634.00 price objective on shares of AutoZone in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, AutoZone has a consensus rating of “Moderate Buy” and a consensus price target of $3,429.84.

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.