California State Teachers Retirement System Sells 535 Shares of AutoZone, Inc. (NYSE:AZO)

California State Teachers Retirement System reduced its holdings in AutoZone, Inc. (NYSE:AZO) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,043 shares of the company’s stock after selling 535 shares during the period. California State Teachers Retirement System’s holdings in AutoZone were worth $86,592,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Headlands Technologies LLC bought a new position in shares of AutoZone during the 4th quarter worth approximately $29,000. Flagship Wealth Advisors LLC acquired a new stake in shares of AutoZone in the fourth quarter valued at approximately $32,000. Harbour Investments Inc. lifted 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 acquiring an additional 3 shares during the period. Crews Bank & Trust acquired a new position in AutoZone during the fourth quarter worth about $61,000. Finally, McIlrath & Eck LLC boosted 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 acquiring an additional 4 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at AutoZone

In other AutoZone news, CEO Philip B. Daniele sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $3,800.01, for a total value of $7,600,020.00. Following the transaction, the chief executive officer now directly owns 163 shares of the company’s stock, valued at approximately $619,401.63. The trade was a 92.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Bailey L. Childress sold 160 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $177,500. The trade was a 76.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,521 shares of company stock worth $42,177,331 over the last quarter. 2.10% of the stock is currently owned by insiders.

AutoZone Stock Performance

AutoZone stock opened at $3,619.52 on Tuesday. AutoZone, Inc. has a 1 year low of $2,728.97 and a 1 year high of $3,916.81. The firm’s 50 day moving average price is $3,595.74 and its two-hundred day moving average price is $3,365.80. The firm has a market cap of $60.74 billion, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 1.86 and a beta of 0.54.

AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, March 4th. The company reported $28.29 earnings per share for the quarter, missing the consensus estimate of $29.11 by ($0.82). The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.98 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. As a group, equities analysts predict that AutoZone, Inc. will post 152.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AZO shares. JPMorgan Chase & Co. increased their target price on shares of AutoZone from $3,775.00 to $3,830.00 and gave the company an “overweight” rating in a research report on Wednesday, March 5th. Argus downgraded AutoZone from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. Wells Fargo & Company raised their price target on shares of AutoZone from $3,750.00 to $3,850.00 and gave the company an “overweight” rating in a research report on Wednesday, March 5th. Mizuho upped their target price on shares of AutoZone from $3,600.00 to $3,740.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. Finally, The Goldman Sachs Group raised AutoZone from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $3,044.00 to $3,811.00 in a research report on Tuesday, April 1st. Four equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $3,724.00.

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.