Summit Trail Advisors LLC Grows Stock Holdings in AutoZone, Inc. (NYSE:AZO)

Summit Trail Advisors LLC boosted its holdings in AutoZone, Inc. (NYSE:AZO) by 8.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 102 shares of the company’s stock after buying an additional 8 shares during the quarter. Summit Trail Advisors LLC’s holdings in AutoZone were worth $301,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Quent Capital LLC grew its holdings in AutoZone by 4.8% during the first quarter. Quent Capital LLC now owns 88 shares of the company’s stock worth $277,000 after acquiring an additional 4 shares during the period. Mather Group LLC. grew its stake in shares of AutoZone by 1.8% during the 2nd quarter. Mather Group LLC. now owns 224 shares of the company’s stock worth $706,000 after purchasing an additional 4 shares during the period. Conning Inc. increased its holdings in shares of AutoZone by 4.3% in the 2nd quarter. Conning Inc. now owns 98 shares of the company’s stock valued at $290,000 after purchasing an additional 4 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of AutoZone by 14.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 32 shares of the company’s stock valued at $95,000 after purchasing an additional 4 shares during the period. Finally, Brighton Jones LLC boosted its holdings in AutoZone by 4.1% during the second quarter. Brighton Jones LLC now owns 101 shares of the company’s stock worth $299,000 after buying an additional 4 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AZO has been the subject of a number of research analyst reports. StockNews.com cut shares of AutoZone from a “buy” rating to a “hold” rating in a report on Saturday. Wedbush reaffirmed an “outperform” rating and issued a $3,200.00 price objective on shares of AutoZone in a research note on Thursday, September 19th. Oppenheimer reiterated a “market perform” rating and set a $2,600.00 target price on shares of AutoZone in a research report on Wednesday, June 26th. Evercore ISI dropped their price target on AutoZone from $3,900.00 to $3,350.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Guggenheim lifted their price target on AutoZone from $3,150.00 to $3,225.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $3,129.44.

AutoZone Price Performance

NYSE:AZO opened at $3,051.22 on Tuesday. The firm has a market cap of $52.12 billion, a PE ratio of 21.10, a P/E/G ratio of 1.45 and a beta of 0.71. The firm has a 50 day simple moving average of $3,107.86 and a 200-day simple moving average of $3,009.58. AutoZone, Inc. has a 1-year low of $2,375.35 and a 1-year high of $3,256.37.

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.