AutoZone, Inc. (NYSE:AZO) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado reduced its position in shares of AutoZone, Inc. (NYSE:AZO) by 2.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 2,399 shares of the company’s stock after selling 57 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in AutoZone were worth $7,111,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AZO. Rise Advisors LLC purchased a new stake in AutoZone in the first quarter valued at approximately $32,000. Riverview Trust Co purchased a new stake in shares of AutoZone during the 1st quarter valued at $41,000. Meeder Asset Management Inc. grew its stake in shares of AutoZone by 50.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 15 shares of the company’s stock valued at $44,000 after buying an additional 5 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of AutoZone in the 2nd quarter worth $50,000. Finally, ORG Partners LLC acquired a new position in AutoZone in the second quarter valued at $50,000. 92.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on AZO shares. Oppenheimer reaffirmed a “market perform” rating and set a $2,600.00 price target on shares of AutoZone in a research report on Wednesday, June 26th. StockNews.com lowered shares of AutoZone from a “buy” rating to a “hold” rating in a report on Saturday. Evercore ISI decreased their price target on shares of AutoZone from $3,900.00 to $3,350.00 and set an “outperform” rating for the company in a research report on Friday. Guggenheim increased their price target on AutoZone from $3,150.00 to $3,225.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Finally, Wedbush reiterated an “outperform” rating and issued a $3,200.00 price target on shares of AutoZone in a report on Thursday. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, AutoZone currently has an average rating of “Moderate Buy” and a consensus price target of $3,129.44.

AutoZone Price Performance

AutoZone stock opened at $3,020.66 on Friday. The firm has a market cap of $51.60 billion, a price-to-earnings ratio of 20.89, a P/E/G ratio of 1.45 and a beta of 0.71. AutoZone, Inc. has a fifty-two week low of $2,375.35 and a fifty-two week high of $3,256.37. The firm has a fifty day moving average price of $3,105.66 and a two-hundred day moving average price of $3,010.75.

About AutoZone

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.