California State Teachers Retirement System Has $86.59 Million Stock Position in AutoZone, Inc. (NYSE:AZO)

California State Teachers Retirement System reduced its stake in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,043 shares of the company's stock after selling 535 shares during the period. California State Teachers Retirement System owned 0.16% of AutoZone worth $86,592,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. McIlrath & Eck LLC lifted its holdings in shares of AutoZone by 25.0% during the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company's stock valued at $63,000 after buying an additional 4 shares during the last quarter. SkyView Investment Advisors LLC raised its position in AutoZone by 4.8% during the third quarter. SkyView Investment Advisors LLC now owns 607 shares of the company's stock valued at $1,912,000 after acquiring an additional 28 shares in the last quarter. Anchor Investment Management LLC grew its position in AutoZone by 5.6% in the third quarter. Anchor Investment Management LLC now owns 1,100 shares of the company's stock worth $3,465,000 after acquiring an additional 58 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of AutoZone during the 3rd quarter worth $781,000. Finally, Tidal Investments LLC raised its holdings in shares of AutoZone by 38.6% during the 3rd quarter. Tidal Investments LLC now owns 1,192 shares of the company's stock valued at $3,755,000 after purchasing an additional 332 shares in the last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at AutoZone

In related news, SVP Bailey L. Childress sold 160 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $3,550.00, for a total transaction of $568,000.00. Following the sale, the senior vice president now directly owns 50 shares in the company, valued at $177,500. This represents a 76.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Dennis W. Leriche sold 1,575 shares of AutoZone stock in a transaction on Friday, March 7th. The shares were sold at an average price of $3,600.00, for a total value of $5,670,000.00. Following the completion of the transaction, the vice president now owns 417 shares of the company's stock, valued at approximately $1,501,200. The trade was a 79.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,521 shares of company stock worth $42,177,331 over the last three months. Company insiders own 2.10% of the company's stock.

Analyst Ratings Changes

AZO has been the subject of a number of recent research reports. The Goldman Sachs Group upgraded shares of AutoZone from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $3,044.00 to $3,811.00 in a report on Tuesday, April 1st. Argus downgraded AutoZone from a "buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Evercore ISI raised their price objective on AutoZone from $3,525.00 to $3,700.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Guggenheim upped their target price on AutoZone from $3,750.00 to $3,850.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Finally, Roth Mkm lifted their price target on shares of AutoZone from $3,634.00 to $3,763.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $3,814.91.

AutoZone Stock Performance

Shares of AZO stock traded up $23.17 during mid-day trading on Friday, reaching $3,756.09. The company's stock had a trading volume of 77,261 shares, compared to its average volume of 132,051. The firm's 50-day moving average is $3,623.06 and its two-hundred day moving average is $3,382.68. The company has a market cap of $63.03 billion, a P/E ratio of 25.09, a PEG ratio of 1.86 and a beta of 0.44. AutoZone, Inc. has a 1-year low of $2,728.97 and a 1-year high of $3,916.81.

AutoZone (NYSE:AZO - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The company reported $28.29 EPS for the quarter, missing analysts' consensus estimates of $29.11 by ($0.82). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.98 billion. Sell-side analysts anticipate 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.