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

Teachers Retirement System of The State of Kentucky increased its holdings in shares of AutoZone, Inc. (NYSE:AZO - Free Report) by 1.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,413 shares of the company's stock after acquiring an additional 350 shares during the period. AutoZone makes up approximately 0.7% of Teachers Retirement System of The State of Kentucky's portfolio, making the stock its 16th biggest holding. Teachers Retirement System of The State of Kentucky owned 0.12% of AutoZone worth $77,830,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in AutoZone by 435,031.1% during the first quarter. GAMMA Investing LLC now owns 770,182 shares of the company's stock worth $2,936,535,000 after acquiring an additional 770,005 shares during the period. Price T Rowe Associates Inc. MD boosted its position in AutoZone by 5.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 324,616 shares of the company's stock worth $1,039,421,000 after purchasing an additional 17,518 shares in the last quarter. Norges Bank purchased a new stake in AutoZone during the fourth quarter worth $834,556,000. Deutsche Bank AG boosted its position in AutoZone by 14.6% during the fourth quarter. Deutsche Bank AG now owns 204,822 shares of the company's stock worth $655,840,000 after purchasing an additional 26,036 shares in the last quarter. Finally, Northern Trust Corp boosted its position in AutoZone by 22.0% during the fourth quarter. Northern Trust Corp now owns 204,748 shares of the company's stock worth $655,603,000 after purchasing an additional 36,916 shares in the last quarter. Institutional investors and hedge funds own 92.74% of the company's stock.

AutoZone Price Performance

Shares of NYSE:AZO opened at $3,713.17 on Friday. The firm has a market capitalization of $62.31 billion, a PE ratio of 25.13, a P/E/G ratio of 2.22 and a beta of 0.39. The business has a 50-day moving average of $3,702.15 and a two-hundred day moving average of $3,579.83. AutoZone, Inc. has a 12 month low of $2,894.02 and a 12 month high of $3,916.81.

AutoZone (NYSE:AZO - Get Free Report) last announced its quarterly earnings results on Tuesday, May 27th. The company reported $35.36 EPS for the quarter, missing the consensus estimate of $37.07 by ($1.71). The firm had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.41 billion. AutoZone had a negative return on equity of 56.07% and a net margin of 13.56%. The business's revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $36.69 earnings per share. As a group, research analysts anticipate that AutoZone, Inc. will post 152.94 earnings per share for the current year.

Insider Buying and Selling

In other news, Chairman William C. Rhodes III sold 27,500 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $3,708.93, for a total value of $101,995,575.00. Following the completion of the sale, the chairman owned 8,546 shares in the company, valued at approximately $31,696,515.78. This trade represents a 76.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP K. Michelle Borninkhof sold 750 shares of the stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $3,597.13, for a total value of $2,697,847.50. Following the completion of the sale, the senior vice president owned 406 shares of the company's stock, valued at approximately $1,460,434.78. This trade represents a 64.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,662 shares of company stock worth $131,999,089 in the last ninety days. 2.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have commented on AZO shares. Wells Fargo & Company set a $4,200.00 target price on AutoZone and gave the stock an "overweight" rating in a research report on Monday, May 19th. UBS Group upped their price objective on AutoZone from $4,025.00 to $4,260.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Bank of America upgraded AutoZone from a "neutral" rating to a "buy" rating and upped their price objective for the company from $3,900.00 to $4,800.00 in a research report on Wednesday, May 21st. Morgan Stanley restated an "overweight" rating and issued a $4,000.00 price objective (up from $3,750.00) on shares of AutoZone in a research report on Wednesday, May 28th. Finally, BMO Capital Markets restated an "outperform" rating and issued a $4,100.00 price objective (up from $3,850.00) on shares of AutoZone in a research report on Wednesday, May 28th. Two equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, AutoZone presently has a consensus rating of "Buy" and an average price target of $4,087.00.

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.

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