New Mexico Educational Retirement Board Sells 100 Shares of AutoZone, Inc. (NYSE:AZO)

New Mexico Educational Retirement Board trimmed its position in AutoZone, Inc. (NYSE:AZO - Free Report) by 11.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 759 shares of the company's stock after selling 100 shares during the quarter. New Mexico Educational Retirement Board's holdings in AutoZone were worth $2,894,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AZO. Headlands Technologies LLC acquired a new stake in shares of AutoZone during the 4th quarter worth $29,000. Flagship Wealth Advisors LLC acquired a new stake in shares of AutoZone during the 4th quarter worth $32,000. Harbour Investments Inc. grew its holdings in shares of AutoZone by 42.9% during 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. Cornerstone Planning Group LLC acquired a new stake in shares of AutoZone during the 1st quarter worth $44,000. Finally, Tradewinds Capital Management LLC grew its holdings in shares of AutoZone by 30.0% during the 1st quarter. Tradewinds Capital Management LLC now owns 13 shares of the company's stock worth $50,000 after purchasing an additional 3 shares in the last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Chairman William C. Rhodes III sold 27,500 shares of the firm's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $3,708.93, for a total transaction of $101,995,575.00. Following the completion of the transaction, the chairman directly owned 8,546 shares in the company, valued at $31,696,515.78. This trade represents a 76.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Domingo Hurtado sold 4,800 shares of the firm's stock in a transaction dated Tuesday, April 22nd. The stock was sold at an average price of $3,660.00, for a total value of $17,568,000.00. Following the transaction, the vice president owned 159 shares of the company's stock, valued at $581,940. This trade represents a 96.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,662 shares of company stock valued at $131,999,089 over the last three months. 2.10% of the stock is owned by insiders.

AutoZone Stock Down 0.7%

AutoZone stock traded down $26.32 during trading hours on Friday, hitting $3,702.16. The stock had a trading volume of 105,635 shares, compared to its average volume of 130,844. The stock has a market cap of $62.13 billion, a price-to-earnings ratio of 25.06, a P/E/G ratio of 2.21 and a beta of 0.39. AutoZone, Inc. has a one year low of $2,894.02 and a one year high of $3,916.81. The business's 50 day simple moving average is $3,704.16 and its 200-day simple moving average is $3,562.97.

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on AZO shares. Evercore ISI set a $3,950.00 target price on AutoZone in a report on Monday, May 19th. Wells Fargo & Company set a $4,200.00 price objective on AutoZone and gave the company an "overweight" rating in a research note on Monday, May 19th. Wall Street Zen raised AutoZone from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Mizuho raised their price objective on AutoZone from $3,740.00 to $4,050.00 and gave the company an "outperform" rating in a research note on Thursday, July 3rd. Finally, The Goldman Sachs Group set a $3,811.00 price objective on AutoZone in a research note on Friday, May 23rd. Two research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, AutoZone presently has an average rating of "Buy" and a consensus 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.