Equitable Trust Co. Has $957,000 Holdings in AutoZone, Inc. (NYSE:AZO)

Equitable Trust Co. grew its holdings in AutoZone, Inc. (NYSE:AZO) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 299 shares of the company’s stock after purchasing an additional 8 shares during the period. Equitable Trust Co.’s holdings in AutoZone were worth $957,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in AZO. Capital Performance Advisors LLP purchased a new stake in AutoZone in the 3rd quarter worth approximately $36,000. Carolina Wealth Advisors LLC acquired a new position in shares of AutoZone in the third quarter worth $47,000. Darwin Wealth Management LLC purchased a new stake in shares of AutoZone during the third quarter worth $47,000. Crews Bank & Trust purchased a new stake in shares of AutoZone during the fourth quarter worth $61,000. Finally, McIlrath & Eck LLC raised its holdings in shares of AutoZone by 25.0% during 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. 92.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AZO has been the subject of several recent research reports. Evercore ISI increased 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. Roth Capital upgraded AutoZone to a “strong-buy” rating in a report on Tuesday, October 15th. Citigroup increased their price objective on AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Roth Mkm reiterated a “buy” rating and set a $3,634.00 price objective on shares of AutoZone in a report on Wednesday, October 16th. Finally, The Goldman Sachs Group lowered AutoZone from a “buy” rating to a “sell” rating and cut their price objective for the stock from $3,205.00 to $2,917.00 in a report on Monday, October 14th. One research analyst has rated the stock with a sell rating, three have assigned 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $3,429.84.

AutoZone Stock Performance

Shares of NYSE:AZO opened at $3,428.09 on Tuesday. The company has a market cap of $57.52 billion, a P/E ratio of 22.90, a P/E/G ratio of 1.92 and a beta of 0.70. The stock’s 50-day moving average is $3,292.17 and its 200-day moving average is $3,185.47. AutoZone, Inc. has a 52-week low of $2,672.31 and a 52-week high of $3,484.42.

AutoZone (NYSE:AZO) last released 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 firm had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period last year, the business earned $32.55 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts predict that AutoZone, Inc. will post 152.94 EPS for the current year.

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.