New Mexico Educational Retirement Board reduced its stake in AutoZone, Inc. (NYSE:AZO) by 10.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,609 shares of the company’s stock after selling 300 shares during the period. New Mexico Educational Retirement Board’s holdings in AutoZone were worth $1,408,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. raised its position in AutoZone by 2,993.2% in the first quarter. BlackRock Inc. now owns 2,029,985 shares of the company’s stock valued at $1,467,778,000 after buying an additional 1,964,358 shares during the period. Vanguard Group Inc. raised its position in AutoZone by 1.6% in the first quarter. Vanguard Group Inc. now owns 1,867,216 shares of the company’s stock valued at $1,350,091,000 after buying an additional 29,681 shares during the period. State Street Corp raised its position in AutoZone by 3.2% in the first quarter. State Street Corp now owns 1,296,527 shares of the company’s stock valued at $937,455,000 after buying an additional 40,358 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its position in AutoZone by 7.7% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 856,113 shares of the company’s stock valued at $619,686,000 after buying an additional 61,400 shares during the period. Finally, OppenheimerFunds Inc. raised its position in AutoZone by 103.6% in the first quarter. OppenheimerFunds Inc. now owns 693,624 shares of the company’s stock valued at $501,525,000 after buying an additional 352,990 shares during the period. 97.11% of the stock is owned by hedge funds and other institutional investors.

Shares of AutoZone, Inc. (AZO) opened at 533.94 on Friday. AutoZone, Inc. has a one year low of $491.13 and a one year high of $813.70. The firm has a market cap of $14.97 billion, a price-to-earnings ratio of 12.33 and a beta of 0.61. The company has a 50 day moving average of $528.38 and a 200-day moving average of $650.21.

AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, May 23rd. The company reported $11.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $12.00 by $0.56. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.70 billion. AutoZone had a negative return on equity of 70.52% and a net margin of 11.82%. AutoZone’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $10.77 earnings per share. On average, analysts expect that AutoZone, Inc. will post $43.99 EPS for the current year.

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Several research analysts recently issued reports on AZO shares. Raymond James Financial, Inc. lowered shares of AutoZone from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, May 23rd. Oppenheimer Holdings, Inc. set a $900.00 price target on shares of AutoZone and gave the stock a “buy” rating in a research report on Tuesday, May 23rd. Royal Bank Of Canada dropped their price target on shares of AutoZone from $829.00 to $753.00 and set a “sector perform” rating for the company in a research report on Monday, May 22nd. Morgan Stanley dropped their price target on shares of AutoZone from $825.00 to $680.00 and set an “overweight” rating for the company in a research report on Thursday, May 25th. Finally, Citigroup Inc. lowered shares of AutoZone from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, May 23rd. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $775.91.

In related news, Director William Andrew Mckenna acquired 300 shares of the stock in a transaction that occurred on Thursday, July 13th. The stock was acquired at an average cost of $507.00 per share, for a total transaction of $152,100.00. Following the transaction, the director now directly owns 5,131 shares in the company, valued at $2,601,417. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP William T. Giles sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $581.10, for a total transaction of $5,811,000.00. Following the transaction, the vice president now owns 18,500 shares of the company’s stock, valued at $10,750,350. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.

About AutoZone

Autozone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company operates through the Auto Parts Locations segment. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories. As of August 27, 2016, the Company operated through 5,814 locations in the United States, Puerto Rico, Mexico and Brazil.

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Institutional Ownership by Quarter for AutoZone (NYSE:AZO)

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