Kentucky Retirement Systems Insurance Trust Fund Sells 52 Shares of AutoZone, Inc. (NYSE:AZO)

Kentucky Retirement Systems Insurance Trust Fund reduced its stake in shares of AutoZone, Inc. (NYSE:AZO) by 9.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 506 shares of the company’s stock after selling 52 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in AutoZone were worth $1,594,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Mather Group LLC. boosted its stake in AutoZone by 1.8% during the 2nd quarter. Mather Group LLC. now owns 224 shares of the company’s stock worth $706,000 after acquiring an additional 4 shares during the last quarter. Conning Inc. boosted its position in shares of AutoZone by 4.3% during the second quarter. Conning Inc. now owns 98 shares of the company’s stock worth $290,000 after purchasing an additional 4 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of AutoZone by 14.3% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 32 shares of the company’s stock valued at $95,000 after buying an additional 4 shares in the last quarter. Brighton Jones LLC raised its stake in AutoZone by 4.1% during the 2nd quarter. Brighton Jones LLC now owns 101 shares of the company’s stock worth $299,000 after buying an additional 4 shares during the period. Finally, Fidelis Capital Partners LLC lifted its holdings in AutoZone by 2.6% during the second quarter. Fidelis Capital Partners LLC now owns 159 shares of the company’s stock worth $490,000 after acquiring an additional 4 shares in the last quarter. 92.74% of the stock is owned by institutional investors.

AutoZone Stock Down 0.9 %

Shares of AutoZone stock opened at $3,107.53 on Friday. The stock has a market cap of $52.52 billion, a P/E ratio of 20.76, a P/E/G ratio of 1.60 and a beta of 0.71. AutoZone, Inc. has a 12-month low of $2,510.00 and a 12-month high of $3,256.37. The business’s 50 day moving average is $3,112.88 and its 200-day moving average is $3,024.56.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, September 24th. The company reported $48.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $53.31 by ($5.20). AutoZone had a negative return on equity of 52.99% and a net margin of 14.40%. The firm had revenue of $6.21 billion for the quarter, compared to the consensus estimate of $6.25 billion. During the same period last year, the company posted $46.46 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. On average, sell-side analysts expect that AutoZone, Inc. will post 158.09 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Citigroup lowered their price target on AutoZone from $3,787.00 to $3,500.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. Mizuho increased their target price on AutoZone from $3,280.00 to $3,350.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th. Roth Mkm restated a “buy” rating and set a $3,634.00 target price on shares of AutoZone in a report on Wednesday, October 16th. Evercore ISI upped their price target on shares of AutoZone from $3,300.00 to $3,350.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Finally, DA Davidson reissued a “neutral” rating and set a $3,025.00 price objective on shares of AutoZone in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AutoZone currently has an average rating of “Moderate Buy” and an average price target of $3,202.71.

Insider Activity at AutoZone

In other news, VP John Scott Murphy sold 1,580 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $3,107.69, for a total value of $4,910,150.20. Following the completion of the sale, the vice president now directly owns 1,218 shares of the company’s stock, valued at $3,785,166.42. This trade represents a 56.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman William C. Rhodes III sold 300 shares of AutoZone stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $3,075.20, for a total value of $922,560.00. Following the transaction, the chairman now owns 13,857 shares of the company’s stock, valued at $42,613,046.40. This represents a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,880 shares of company stock worth $46,225,660. Insiders own 2.10% of the company’s stock.

AutoZone Company 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.