AutoZone, Inc. (NYSE:AZO) Shares Sold by Strs Ohio

Strs Ohio reduced its stake in AutoZone, Inc. (NYSE:AZO - Free Report) by 23.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,967 shares of the company's stock after selling 3,592 shares during the quarter. Strs Ohio owned about 0.07% of AutoZone worth $30,941,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. International Assets Investment Management LLC raised its position in AutoZone by 232,194.6% during the 4th quarter. International Assets Investment Management LLC now owns 731,728 shares of the company's stock worth $1,891,963,000 after buying an additional 731,413 shares during the last quarter. Moneta Group Investment Advisors LLC raised its position in AutoZone by 107,977.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 699,260 shares of the company's stock worth $1,724,500,000 after buying an additional 698,613 shares during the last quarter. Royal Bank of Canada raised its position in AutoZone by 1.3% during the 3rd quarter. Royal Bank of Canada now owns 441,566 shares of the company's stock worth $1,121,572,000 after buying an additional 5,650 shares during the last quarter. Wellington Management Group LLP raised its position in AutoZone by 111.4% during the 3rd quarter. Wellington Management Group LLP now owns 335,190 shares of the company's stock worth $851,379,000 after buying an additional 176,623 shares during the last quarter. Finally, Norges Bank purchased a new position in AutoZone during the 4th quarter worth approximately $658,788,000. 92.74% of the stock is owned by hedge funds and other institutional investors.

AutoZone Trading Up 0.2 %

AZO traded up $6.43 on Tuesday, hitting $2,909.94. 177,204 shares of the company's stock were exchanged, compared to its average volume of 156,758. AutoZone, Inc. has a fifty-two week low of $2,277.88 and a fifty-two week high of $3,256.37. The firm has a 50-day moving average price of $2,992.30 and a 200-day moving average price of $2,751.32. The stock has a market cap of $50.40 billion, a price-to-earnings ratio of 20.49, a P/E/G ratio of 1.47 and a beta of 0.70.

AutoZone (NYSE:AZO - Get Free Report) last announced its earnings results on Tuesday, February 27th. The company reported $28.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $26.08 by $2.81. AutoZone had a net margin of 14.70% and a negative return on equity of 56.06%. The company had revenue of $3.86 billion for the quarter, compared to analysts' expectations of $4.32 billion. During the same quarter in the previous year, the company posted $24.64 EPS. The firm's quarterly revenue was up 4.6% on a year-over-year basis. On average, equities analysts predict that AutoZone, Inc. will post 151.98 EPS for the current year.

Wall Street Analysts Forecast Growth

AZO has been the subject of a number of recent research reports. Barclays raised their price target on shares of AutoZone from $2,779.00 to $3,100.00 and gave the stock an "overweight" rating in a research report on Thursday, February 29th. Evercore ISI dropped their price objective on shares of AutoZone from $3,400.00 to $3,346.00 and set an "outperform" rating on the stock in a research note on Tuesday. TheStreet cut shares of AutoZone from a "c" rating to a "d+" rating in a research note on Wednesday, December 20th. DA Davidson raised their price objective on shares of AutoZone from $2,770.00 to $3,025.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 28th. Finally, StockNews.com cut shares of AutoZone from a "buy" rating to a "hold" rating in a research note on Friday. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $3,086.61.

Insider Transactions at AutoZone

In other news, Chairman William C. Rhodes III sold 6,700 shares of AutoZone stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $3,190.22, for a total transaction of $21,374,474.00. Following the transaction, the chairman now owns 15,357 shares in the company, valued at approximately $48,992,208.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Chairman William C. Rhodes III sold 6,700 shares of the business's stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $3,190.22, for a total value of $21,374,474.00. Following the sale, the chairman now directly owns 15,357 shares in the company, valued at approximately $48,992,208.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP K. Michelle Borninkhof sold 1,000 shares of the business's stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $2,685.00, for a total transaction of $2,685,000.00. Following the completion of the sale, the senior vice president now owns 521 shares in the company, valued at $1,398,885. The disclosure for this sale can be found here. Insiders have sold a total of 18,890 shares of company stock worth $58,216,693 in the last quarter. Company insiders own 2.50% of the company's stock.

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.