Trivant Custom Portfolio Group LLC Has $1.55 Million Stock Holdings in AutoZone, Inc. (NYSE:AZO)

Trivant Custom Portfolio Group LLC raised its stake in shares of AutoZone, Inc. (NYSE:AZO) by 1.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 485 shares of the company’s stock after purchasing an additional 5 shares during the period. Trivant Custom Portfolio Group LLC’s holdings in AutoZone were worth $1,553,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in AutoZone in the third quarter valued at about $36,000. Carolina Wealth Advisors LLC bought a new position in AutoZone during the third quarter valued at approximately $47,000. Darwin Wealth Management LLC acquired a new stake in AutoZone in the third quarter valued at approximately $47,000. McIlrath & Eck LLC grew its position in AutoZone by 25.0% in the third quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after acquiring an additional 4 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in shares of AutoZone during the 3rd quarter worth $66,000. 92.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on AZO shares. Argus upped their price target on AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. BMO Capital Markets started coverage on shares of AutoZone in a research report on Friday, December 13th. They issued an “outperform” rating and a $3,700.00 price target on the stock. UBS Group upped their price objective on shares of AutoZone from $3,340.00 to $3,500.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Evercore ISI lifted their target price on shares of AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, Redburn Atlantic raised shares of AutoZone to a “strong-buy” rating in a research report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $3,429.84.

AutoZone Price Performance

AutoZone stock opened at $3,221.06 on Friday. The firm has a market capitalization of $54.06 billion, a P/E ratio of 21.52, a P/E/G ratio of 1.80 and a beta of 0.71. The stock has a fifty day moving average price of $3,220.70 and a two-hundred day moving average price of $3,130.04. AutoZone, Inc. has a 52-week low of $2,658.18 and a 52-week high of $3,416.71.

AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $33.69 by ($1.17). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The business had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the previous year, the firm posted $32.55 EPS. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities research analysts predict that AutoZone, Inc. will post 153.09 EPS for the current fiscal year.

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.