AutoZone, Inc. (NYSE:AZO) Shares Bought by Trivant Custom Portfolio Group LLC

Trivant Custom Portfolio Group LLC grew its position in AutoZone, Inc. (NYSE:AZO) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 485 shares of the company’s stock after buying an additional 5 shares during the quarter. Trivant Custom Portfolio Group LLC’s holdings in AutoZone were worth $1,553,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. raised its position in AutoZone by 18.1% during the third quarter. Franklin Resources Inc. now owns 44,946 shares of the company’s stock worth $141,717,000 after acquiring an additional 6,898 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in AutoZone by 186.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 92,870 shares of the company’s stock valued at $292,544,000 after buying an additional 60,483 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of AutoZone by 29.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 34,808 shares of the company’s stock worth $111,455,000 after acquiring an additional 7,922 shares during the last quarter. Silverleafe Capital Partners LLC lifted its position in shares of AutoZone by 1.0% in the fourth quarter. Silverleafe Capital Partners LLC now owns 2,642 shares of the company’s stock valued at $8,460,000 after acquiring an additional 26 shares in the last quarter. Finally, Verde Capital Management acquired a new stake in shares of AutoZone during the third quarter valued at $1,137,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AZO. Morgan Stanley upped their target price on shares of AutoZone from $3,038.00 to $3,125.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Guggenheim increased their price target on AutoZone from $3,350.00 to $3,750.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Citigroup lifted their price objective on AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. BMO Capital Markets started coverage on shares of AutoZone in a research note on Friday, December 13th. They set an “outperform” rating and a $3,700.00 price target on the stock. Finally, Evercore ISI upped their price objective on AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $3,429.84.

AutoZone Stock Up 0.8 %

Shares of AutoZone stock opened at $3,221.06 on Friday. The business has a fifty day simple moving average of $3,220.70 and a 200-day simple moving average of $3,130.04. AutoZone, Inc. has a fifty-two week low of $2,658.18 and a fifty-two week high of $3,416.71. The firm has a market cap of $54.06 billion, a price-to-earnings ratio of 21.52, a price-to-earnings-growth ratio of 1.80 and a beta of 0.71.

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

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.