Strs Ohio Reduces Position in AutoZone, Inc. $AZO

Strs Ohio trimmed its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,785 shares of the company’s stock after selling 152 shares during the quarter. Strs Ohio’s holdings in AutoZone were worth $19,620,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Obermeyer Wealth Partners increased its position in shares of AutoZone by 4.7% during the third quarter. Obermeyer Wealth Partners now owns 67 shares of the company’s stock worth $287,000 after acquiring an additional 3 shares during the last quarter. Covestor Ltd increased its position in shares of AutoZone by 5.5% during the third quarter. Covestor Ltd now owns 58 shares of the company’s stock worth $250,000 after acquiring an additional 3 shares during the last quarter. SYM FINANCIAL Corp increased its position in shares of AutoZone by 3.6% during the third quarter. SYM FINANCIAL Corp now owns 86 shares of the company’s stock worth $369,000 after acquiring an additional 3 shares during the last quarter. Camden National Bank increased its position in shares of AutoZone by 3.6% during the third quarter. Camden National Bank now owns 86 shares of the company’s stock worth $369,000 after acquiring an additional 3 shares during the last quarter. Finally, Crestwood Advisors Group LLC increased its position in shares of AutoZone by 1.7% during the third quarter. Crestwood Advisors Group LLC now owns 184 shares of the company’s stock worth $791,000 after acquiring an additional 3 shares during the last quarter. 92.74% of the stock is owned by hedge funds and other institutional investors.

AutoZone Stock Down 0.0%

Shares of AutoZone stock opened at $3,592.41 on Monday. The firm has a market cap of $59.20 billion, a P/E ratio of 25.17, a P/E/G ratio of 1.84 and a beta of 0.43. AutoZone, Inc. has a fifty-two week low of $3,210.72 and a fifty-two week high of $4,388.11. The business has a 50-day moving average price of $3,544.72 and a 200 day moving average price of $3,627.63.

AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported $27.63 earnings per share for the quarter, beating the consensus estimate of $27.59 by $0.04. The firm had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.31 billion. AutoZone had a negative return on equity of 72.31% and a net margin of 12.47%.AutoZone’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the company earned $28.29 earnings per share. As a group, equities research analysts anticipate that AutoZone, Inc. will post 148.93 earnings per share for the current year.

Insider Buying and Selling

In other AutoZone news, Director Earl G. Graves, Jr. sold 50 shares of AutoZone stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $3,478.72, for a total value of $173,936.00. Following the completion of the transaction, the director directly owned 4,837 shares in the company, valued at $16,826,568.64. The trade was a 1.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Morgan Stanley lifted their target price on AutoZone from $4,000.00 to $4,020.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Mizuho boosted their price objective on AutoZone from $3,550.00 to $3,600.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Robert W. Baird lowered AutoZone from an “outperform” rating to a “neutral” rating and set a $3,900.00 price objective for the company. in a report on Monday, February 9th. Oppenheimer reissued an “outperform” rating and issued a $4,300.00 price objective (up from $4,150.00) on shares of AutoZone in a report on Tuesday, March 10th. Finally, DA Davidson set a $4,300.00 price objective on AutoZone in a report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, AutoZone presently has an average rating of “Moderate Buy” and an average target price of $4,312.13.

About AutoZone

AutoZone, Inc (NYSE: AZO) is a retailer and distributor of automotive replacement parts and accessories. Headquartered in Memphis, Tennessee, the company supplies a wide range of aftermarket components, maintenance items and accessories for passenger cars, light trucks and commercial vehicles. Its product assortment includes engine parts, electrical components, batteries, brakes, filters, fluids and interior and exterior accessories, supported by inventory management and logistics systems to serve retail customers and professional service providers.

AutoZone serves both do‑it‑yourself (DIY) consumers and commercial customers such as independent repair shops and service centers.